P
Penneo
Other B2B Software · Søborg, Denmark · Founded 2012
Develops an electronic signature solution that enables companies to procure legally binding documents from stakeholders MoreLess
Penneo is a dynamic company that specializes in providing digital document signing solutions using electronic IDs (eIDs). Founded in 2014, Penneo has quickly established itself as a leader in the digital signature market in Denmark and has since expanded its operations to cover all Scandinavian countries. The company is now eyeing further expansion into other European markets.
Penneo's primary service is enabling businesses to sign documents electronically, which streamlines the signing process, enhances security, and ensures compliance with legal standards. This service is particularly valuable for industries that handle a high volume of paperwork and require secure, legally binding signatures, such as finance, legal, real estate, and human resources.
The company's business model is based on a Software-as-a-Service (SaaS) approach. Clients subscribe to Penneo's platform, paying a recurring fee to access its digital signing tools and services. This model provides a steady revenue stream and allows Penneo to continuously update and improve its offerings.
Penneo's clients range from small businesses to large enterprises, all of which benefit from the efficiency and security of digital document signing. By eliminating the need for physical signatures, Penneo helps its clients save time and reduce costs associated with printing, mailing, and storing paper documents.
In summary, Penneo is a forward-thinking company that leverages technology to simplify and secure the document signing process for businesses. Its SaaS model ensures a reliable income while providing clients with a valuable service that enhances their operational efficiency.
Keywords: Digital Signatures, eID, SaaS, Document Signing, Secure, Compliance, Efficiency, Scandinavian Market, Business Solutions, Expansion.
Company overview
Penneo company information
The essential company record, classifications and operating signals in one place.
- Status
- Acquired
- Founded
- 2012
- Headquarters
- Søborg, Denmark
- Employees
- 83
- Open positions
- 2
- Dealroom signal
- 61.6
Valuation & funding
Penneo funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| ACQUISITION✓Exit | Apr 2025 | $0 | — | Visma | ↗ |
| PRIVATE PLACEMENT VC✓Equity / VC | Mar 2022 | $8.8M | — | Undisclosed | ↗ |
| IPO✓Exit | Jun 2020 | $0 | — | Undisclosed | — |
| EARLY VCEquity / VC | Jan 2016 | $2.5M | $10M | Undisclosed | — |
| GRANT✓Other financing | Aug 2015 | $2.5M | — | European Innovation Council | — |
| EARLY VCEquity / VC | Dec 2013 | Undisclosed | — |
Financials
Revenue, earnings and profit over time
Reported history and available estimates. Estimated years are marked “E”; sparse fields are left blank rather than inferred.
Growth signals
Penneo website traffic
Latest recorded traffic for Penneo is 320K monthly website visits, up 10.3% over the last three months. Penneo's team declined 12.6% over the past year.
Hiring
Open positions at Penneo
Current openings linked to this company in Dealroom.
Comparisons
Penneo compared with similar companies
Dealroom’s weighted taxonomy model identifies the closest operating peers. Company identity and context stay open; selected comparison metrics preview what is available in the platform.
| Company | Headquarters | Status | Employees | Total funding | Valuation |
|---|---|---|---|---|---|
ViavansiSignature solutions in the cloud |
Seville, Spain | Operational | 1 | $55K | — |
SeveralninesDatabase management software |
Kalmar kommun, Sweden | Operational | |||
RedlinkRedlink is a platform for semantic enrichment, linked data, and information discovery |
Salzburg, Austria | Operational | |||
EgreementAll-in-one platform for e-signatures and digital contracts |
Stockholms kommun, Sweden | Operational | |||
OneflowDigital contract platform enabling organisations to create, sign and manage agreements online |
Stockholms kommun, Sweden | Operational | |||
OnitEnterprise workflow solutions for legal, compliance, sales, procurement, IT, HR, and finance |
Houston, United States | Operational | |||
SignaturitElectronic signature and document management software platform to send and sign documents |
Barcelona, Spain | Acquired | |||
PandaDocAll-in-one document automation and e-signature platform. |
San Francisco, United States | Operational |
Talent graph
Penneo's talent
Source: Dealroom Talent Intelligence.
Investors
8 investors on Penneo's cap table
Sourced from Dealroom's funding and investor records.







Global footprint
Where Penneo has talent and traffic
team presence
In the news
Latest news about Penneo
Recent press, funding announcements, and product moves mentioning Penneo — open to read from the original sources.
Market sentiment
What the market is saying about Penneo
An AI-synthesized read of the highest-engagement posts about Penneo on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.
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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