Pendo’s $100 million Financing Tops Recent Funding News in Raleigh

Raleigh-based enterprise software company Pendo has secured $100 million in Series E funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced Oct. 17 and led by Sapphire Ventures.

According to its Crunchbase profile, "Pendo is a product experience platform that helps software product teams deliver software users love. By combining product analytics with qualitative feedback, Pendo closes the loop with users, learning from product usage patterns and user sentiment, so product teams can make more informed decisions. With Pendo, you can answer questions like which features are customers using?"

The six-year-old company has raised seven previous funding rounds including a $50 million Series D round in 2018.

The round brings total funding raised by Raleigh companies in apps over the past month to $101 million, an increase of $99 million from the month before. The local apps industry has produced six funding rounds over the past year, capturing a total of $104 million in venture funding.

In other local funding news, sports and mobile apps company Silbo announced a $1.1 million debt financing funding round on Oct. 29, financed by IDEA Fund Partners.

According to Crunchbase, "Silbo is the software-as-a-service where youth and adult leagues, clubs and tournaments post games online, making these games easily accessible for qualified officials to select, work, provide feedback and get paid digitally."

The company also raised a $1.3 million debt financing round in 2018.