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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
sectorInformation Technologyclient focusb2bsub industryLegal Documents Managementbusiness modelSaaSsectorNavigationindustryLegalsectorMappingsectorComputersectorWorkflowsectorE-SignaturessectorLegal TechsectorNordic Rising Star 2022sectorTop 50 Nordic Rising Star 2022 DenmarksectorHorizon Europe

Valuation & funding

Penneo funding history

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
ACQUISITIONExit Apr 2025 $0 Visma
PRIVATE PLACEMENT VCEquity / VC Mar 2022 $8.8M Undisclosed
IPOExit Jun 2020 $0 Undisclosed
EARLY VCEquity / VC Jan 2016 $2.5M $10M Undisclosed
GRANTOther financing Aug 2015 $2.5M European Innovation Council
EARLY VCEquity / VC Dec 2013 Undisclosed
Showing 6 recorded eventsUnlock the complete deal history →

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.

YearRevenueGrowthEBITDAMarginProfitMargin
2026 $15M 0% −$1.3M -8.7% −$3.6M -24.2%
2025 $15M 0% −$1.3M -8.7% −$3.6M -24.2%
2024 $15M +15.4% −$1.3M -8.7% −$3.6M -24.2%
2023 $13M +22.7% −$1.3M -10%
2022 $11M +32.8% −$2.1M -19.5%
2021 $8M +52.8% −$2.3M -29%
2020 $5.2M −$1.7M -32.1%
Company filings, research estimates and Dealroom dataOpen the full financial model →

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.

Latest monthly visits320K 3-month web change+10.3% 1-year team growth-12.6%
Monthly website visits122 observations · Feb 2016–Jul 2026
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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.

Showing 8 of the closest matchesCompare every metric →

Talent graph

Penneo's talent

Book a demo to see the people
Team profiled 31 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.

Investors

8 investors on Penneo's cap table

Sourced from Dealroom's funding and investor records.

Seed 1 investor entered at this stage
European Innovation Council
Other known 7 additional known investors
Visma
David Ventzel
Market Maturation Fund
Nicolaj Højer Nielsen
PSV
Torben Nordal Clausen
Viking Venture

Global footprint

Where Penneo has talent and traffic

Workforce by country
7 countries with
team presence
🇩🇰 Denmark79.7%
🇧🇪 Belgium8.7%
🇸🇪 Sweden4.3%
🇳🇴 Norway2.9%
🇸🇬 Singapore1.4%
Top 5 of 7 shown

In the news

Latest news about Penneo

Recent press, funding announcements, and product moves mentioning Penneo — open to read from the original sources.

See all news

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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