Penneo Overview

  • Year Founded
  • 2014

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 115

Employees

  • Latest Deal Type
  • Buyout/​LBO

  • Financing Rounds
  • 9

  • Investments
  • 1

Penneo General Information

Description

Penneo AS is a Danish SaaS company that digitizes business processes. It has specialized in accounting firms' client-faced workflows to increase their efficiency, lower their operational costs, strengthen their level of compliance and provide a digital user experience for their clients. Its software relieves heavy manual tasks from the auditors in the financial reporting process, enabling them to spend more time on revenue-generating activities. Operating segments are Subscription, Signature packages and One-time fee. Majority revenue comes from Subscription business.

Contact Information

Website
www.penneo.com
Ownership Status
Acquired/Merged
(Operating Subsidiary)
Financing Status
Private Equity-Backed
Corporate Office
  • Enghavevej 40, 4th Floor
  • 1674 Copenhagen
  • Denmark
Primary Industry
Business/Productivity Software
Parent Company
Visma Software International
Vertical(s)
SaaS, TMT
Former Stock Listing
4ZD
Corporate Office
  • Enghavevej 40, 4th Floor
  • 1674 Copenhagen
  • Denmark

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Penneo Valuation & Funding

Deal Type Date Amount Valuation/
EBITDA		 Post-Val Status Debt

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Penneo Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Penneo AS is a Danish SaaS company that digitizes business processes. It has specialized in accounting firms' client-fac
Business/Productivity Software
Copenhagen, Denmark
115 As of 2024

Denver, CO
 

Villeurbanne, France
 
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Penneo Competitors (5)

One of Penneo’s 5 competitors is Tungsten Automation, a Private Equity-Backed company based in Denver, CO.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Tungsten Automation Private Equity-Backed Denver, CO
Esker (Business/Productivity Software) Private Equity-Backed Villeurbanne, France
PairSoft Private Equity-Backed Miami, FL
Document Logistix Private Equity-Backed Milton Keynes, United Kingdom
Conga Private Equity-Backed Houston, TX
You’re viewing 5 of 5 competitors. Get the full list »

Penneo Patents

  • 4

    Total Documents Applications and Grants

  • Total Patents Families

  • Granted

  • 2

    Pending

  • Expiring in next 12 mo

Penneo Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
EP-3920069-A1 A computer-implemented method of providing at least one electronic signature for a plurality of electronic documents and data processing device or system for the same Pending 02-Jun-2020
EP-4158520-A1 A computer-implemented method of providing at least one electronic signature for a plurality of electronic documents and data processing device or system for the same Pending 02-Jun-2020
WO-2021245113-A1 A computer-implemented method of providing at least one electronic signature for a plurality of electronic documents and data processing device or system for the same Inactive 02-Jun-2020
US-20230102230-A1 Computer-implemented method of providing at least one electronic signature for a plurality of electronic documents and data processing device or system for the same Inactive 02-Jun-2020 G06F21/64

Penneo Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

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Penneo Former Investors

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info

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Penneo Acquisitions (1)

Penneo’s most recent deal was a Merger/Acquisition with CLA Reply for . The deal was made on 06-Oct-2020.

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
CLA Reply 06-Oct-2020 Merger/Acquisition Business/Productivity Software
To view Penneo’s complete acquisitions history, request access »

Penneo FAQs

  • When was Penneo founded?

    Penneo was founded in 2014.

  • Where is Penneo headquartered?

    Penneo is headquartered in Copenhagen, Denmark.

  • What is the size of Penneo?

    Penneo has 115 total employees.

  • What industry is Penneo in?

    Penneo’s primary industry is Business/Productivity Software.

  • Is Penneo a private or public company?

    Penneo is a Private company.

  • What is the current valuation of Penneo?

    The current valuation of Penneo is .

  • What is Penneo’s current revenue?

    The current revenue for Penneo is .

  • How much funding has Penneo raised over time?

    Penneo has raised $17.9M.

  • Who are Penneo’s investors?

    Accelerace, Andersen Advisory Group, Markedsmodningsfonden, PSV (Denmark), and Seed Capital Management are 5 of 6 investors who have invested in Penneo.

  • Who are Penneo’s competitors?

    Tungsten Automation, Esker (Business/Productivity Software), PairSoft, Document Logistix, and Conga are competitors of Penneo.

  • When was Penneo acquired?

    Penneo was acquired on 12-Mar-2025.

  • Who acquired Penneo?

    Penneo was acquired by Visma Software International.

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