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Sapphire Ventures Leads Pendo Series D

Sapphire Ventures has led a $50mn series D investment in tech firm Pendo. The capital will help fund the company's expansion in Europe and Asia; boost sales, marketing, and research and development; and continue its expansion into enterprise markets. New investors Geodesic Capital and FirstMark Capital, as well as existing investors Battery Ventures, Spark Capital, Meritech Capital and Contour Venture Partners, also participated in the round. "Sapphire's mission is to help build companies of consequence, and Pendo is certainly on track to achieve that distinction with its powerful platform used by individuals across functions," said Rajeev Dham, partner at Sapphire Ventures. "We see a massive opportunity...