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Penpot

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An open-source focused company that incubates, funds, and operates its own products, with a focus on creating transformational impact through innovation

Madrid, SpainFounded 2011Other B2B Software
Valuation $25–50M Last recorded · 2026
Revenue $1–10M Latest reported FY
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Penpot and the history behind them.

About Penpot

Kaleidos is a values-driven open-source startup that created Penpot, a design and prototyping platform for product teams. Penpot is the first Open Source design and prototyping platform for cross-domain teams. Penpot is a web-based tool and is not dependent on any operating system. It is also the first open-source design-to-code platform, aiming to bridge the gap between designers and developers to facilitate a smoother workflow.

The company's business model is what they call the "Open Nitrate Model". While the specifics of this model are not fully detailed in the provided information, it is positioned as a unique open-source business model. Penpot is a free tool, and the company plans to ensure its sustainable development through a Software-as-a-Service (SaaS) subscription model. This suggests that while the core platform is free and open-source, there will likely be premium features or services offered for a fee.

Penpot's target clients are product teams, which include both designers and developers. The platform is designed to enable them to work in unison to build scalable software experiences. By being open-source, Penpot aims to foster a community of contributors and users who can help improve the platform. The company operates in the software development and design tools market, competing with other design and prototyping tools.

Source: Dealroom company data

At a glance

Founded
2011
Headquarters
Madrid, Spain
Sector
Other B2B Software

Investors

10 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed6 investors entered at this stage

  • Athos Capital
  • Rafael Garrido
  • Vicente Olivenza
  • CDTI Innvierte
  • Carlos Cosín
  • Ricky Posner

Series A4 investors entered at this stage

  • Decibel Partners
  • Eric Wittman
  • Dave Crossland
  • SETT
Team profiled 10 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 5 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
3 countries with
team presence
🇪🇸 Spain94.7%
🇫🇷 France2.6%
🇮🇹 Italy2.6%
3 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Penpot on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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