B Capital Group led a $150m funding round in Pendo.

B Capital Group, a global firm specializing in equity investing in venture and growth-stage startups, led a $150m funding round in Pendo, a product-analytics app. Additional investors include Silver Lake, Battery Ventures, Meritech Capital Partners, Sapphire Ventures, General Atlantic, Tiger Global Management, FirstMark Capital, Geodesic Capital, IDEA Fund Partners and Contour Venture Partners. “The wholesale shift to digital has exposed a gap between user expectations and reality—workers expect business software to be as easy to use as their personal apps, but when was the last time someone called a helpdesk for Instagram? We built Pendo to bridge this experience gap, which is why our growth has paralleled software itself. This new investment allows us to innovate faster to serve product teams and their counterparts in IT, who are responsible for driving successful software adoption," Todd Olson, Pendo CEO and Co-Founder.