Pantheon Valuation, Funding & Investors

Pantheon is valued at $2B as of July 2021.

Last Pantheon valuation

$2B

Series E · Jul 2021

Last Pantheon funding round

$100M

Series E · Jul 2021

Cumulative funding Pantheon raised

$193M

across 4 funding rounds

Key investors in Pantheon

  • Foundry Group
  • Scale Venture Partners
  • Industry Ventures
  • OpenView
  • SoftBank Group
  • First Round Capital

Pantheon Overview

About Pantheon

Pantheon is a San Francisco-headquartered cloud platform optimized for Drupal and WordPress site management. The service provides Git-based workflows, automated deployments, and global CDN delivery for agencies building enterprise websites. Founded in 2010, Pantheon powers over 500,000 sites for clients like IBM and Princeton University.


Founded

2010

HQ

United StatesSan Francisco, CA

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Valuation

$2B (Jul 2021)

Pantheon Valuation

Pantheon is currently valued at $2B, based on its Series E in July 2021.

The $100M round was led by SoftBank Group.

Pantheon's valuation has grown 6.7x from $299M at its Series D in March 2019 to $2B in July 2021, across 2 priced rounds.

Pantheon valuation by funding round

Pantheon valuation by funding round
DateStageValuation
Jul 2021Series E$2B
Mar 2019Series D$299M

Pantheon Funding History

Pantheon has raised a total of $193M across 4 funding rounds.

Pantheon's first fundraising round was a $22M Series B in May 2014. The most recent completed round was a $100M Series E in July 2021.

Pantheon funding rounds

Pantheon funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jul 2021Series ESoftBank Group (lead)$100M$2BPantheon Systems, Inc., a SaaS platform for WebOps that empowers teams to create high-performing websites in the digital economy, originated as a hosting service for Drupal and WordPress. On July 13, 2021, it announced a $100 million Series E funding round solely from SoftBank Vision Fund 2, achieving unicorn status with a valuation over $1 billion. This brought total funding raised to $200 million. The round was not driven by immediate cash needs, as the company had sufficient reserves, but to accelerate growth by six to twelve months. Pantheon powers website operations for over 12,000 businesses, serving more than one billion unique visitors monthly. The funding will support accelerated software development, expansion of customer success teams, and enhanced go-to-market strategies, with focus on product innovation in analytics and personalization. SoftBank partner Vikas Parekh highlighted Pantheon's role in cloud-based digital transformation through automated workflows and DIY SaaS offerings. The investment aligns with SoftBank Vision Fund 2's early portfolio, emphasizing category-defining platforms. Pantheon positions itself to redefine website operations, leveraging the open web's global reach for organizations across industries and sizes.
Mar 2019Series DSageview Capital (lead); Industry Ventures; Scale Venture Partners; Foundry Group$42M$299MPantheon is a San Francisco-based cloud-native platform for website operations, specializing in multi-tenant hosting, workflow, governance, and performance tools for open-source CMS like WordPress, Drupal, and Next.js. It serves enterprises including Yale, Coach, United Nations, Quicken Loans, and IBM, managing over 280,000 websites as of 2019. The company focuses on boosting website performance, security, scalability, and agile development for businesses, schools, and governments. In March 2019, Pantheon raised $40-42 million in its Series D round led by Sageview Capital, with participation from existing investors Foundry Group, Industry Ventures, and Scale Venture Partners. This brought total funding to approximately $96.8-100 million. Funds were used to enhance product features, expand into new markets, scale operations, and support marketing. Sageview Capital provided significant value-add post-investment, including refining KPI metrics and financial reporting, assisting with large deals and channel partners, adding key executives like CMO, Chief People Officer, and SVP Engineering, completing a tuck-in acquisition, and introducing bank financing. CEO Zach Rosen highlighted Sageview's experience in scaling venture-backed startups. The round was notable as rare funding for the WebOps/content management space, where WordPress powers over 33% of websites but supporting startups received limited VC investment. Pantheon differentiated through integrated hosting, dev tools, and monitoring, positioning against players like WP Engine in a market ripe for growth.
Jul 2016Series COpenView; Industry Ventures; Scale Venture Partners; Foundry Group$29M-Pantheon is a platform providing web operations for Drupal and WordPress, offering cloud-based infrastructure for managing websites at scale in the SaaS, enterprise software, and cloud infrastructure markets. Pantheon operated in competitive web CMS and cloud infrastructure spaces, focusing on developer tools for content management systems. The Series C funding round raised $29 million in July 2016 to further develop the platform and expand customer acquisition. Investors in prior rounds included Foundry Group (Series A lead in June 2012 for $5M), Scale Venture Partners (Series B lead in May 2014 for $22M), with the Series C involving Foundry Group, Industry Ventures, OpenView, and Scale Venture Partners, though lead investor not specified. Total funding across rounds reached approximately $200M by 2021. The company continued growth, securing additional funding in 2019 and achieving unicorn status by 2021 to accelerate software development, customer success, and go-to-market strategies.
May 2014Series BScale Venture Partners (lead); OpenView; First Round Capital; Dev Ittycheria; Foundry Group$22M-Pantheon is a professional hosting platform for Drupal and WordPress sites, launched in early 2012, initially focused on Drupal and later expanding to WordPress. In May 2014, it raised a $21.5 million Series B funding round led by Scale Venture Partners, with participation from Dev Ittycheria at OpenView Venture Partners, and existing investors Foundry Group and First Round Capital. The funding aimed to improve the hosting platform, expand the team (particularly support), invest in partnerships, scale the platform, and enhance marketing efforts. At the time, Pantheon hosted about 65,000 sites, up from 55,000 the prior September. CEO Zachary Rosen sought investors with SaaS experience and successful exits, such as Scale's Rory O'Driscoll (Omniture, ExactTarget) and Ittycheria (BladeLogic, acquired for ~$900M). Pantheon operated in the web hosting and developer tools space, targeting professional developers. Subsequent rounds included a Series C of $29M in 2016 and later a Series E of $100M in 2021 at over $1B valuation.

Who has invested in Pantheon?

8 investors have backed Pantheon across its funding rounds, including Foundry Group, Scale Venture Partners, Industry Ventures, OpenView, SoftBank Group and First Round Capital.

Lead investors include SoftBank Group, Sageview Capital and Scale Venture Partners.


Pantheon Investors

Investors in Pantheon by funding rounds participated
InvestorHQRoundsRoleFirst check
Scale Venture PartnersUnited StatesSan Francisco, CA3LeadMay 2014
Foundry GroupUnited StatesBoulder, CO3ParticipantMay 2014
OpenViewUnited StatesBoston, MA2ParticipantMay 2014
Industry VenturesUnited StatesSan Francisco, CA2ParticipantJul 2016
First Round CapitalUnited StatesPhiladelphia, PA1ParticipantMay 2014
SoftBank GroupJapanTokyo1LeadJul 2021

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Acquisitions by Pantheon

Pantheon has acquired 2 companies to date.

Last acquisition by Pantheon was on May 29th 2019. Pantheon acquired StagingPilot for undisclosed valuation.


Latest Acquisitions by Pantheon

StagingPilot
NodeSquirrel
Description
StagingPilot is a WordPress maintenance platform enabling agencies to offer secure staging sites, automated backups, and client handoffs. The service supports profitable service bundles with white-label options and uptime monitoring for thousands of sites worldwide.
NodeSquirrel is a Drupal hosting service developed by Gorton Studios in the Twin Cities, Minnesota. Launched to simplify site backups and migrations, it provides automated daily backups, version control, and one-click restores for Drupal sites. The platform integrates with popular modules like Backup and Migrate, created by lead developer Ronan Dowling. NodeSquirrel hosts thousands of sites with Git-based deployments and staging environments, emphasizing Drupal 9 and 10 compatibility. Gorton Studios contributes to Drupal core through code sprints and modules.
HQ CountryUnited StatesUnited States
HQ City
Los Angeles, CA
Minneapolis, MN
Deal Date29 May 201911 May 2015
Valuationundisclosedundisclosed
EV/Revenue
EV/EBITDA

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Pantheon Competitors

Pantheon competitors include listed companies like cyber_Folks, Justsystems and Wix.com, and private ones like Substack, Tezign and Typeface.

Public and private companies comparable to Pantheon
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
cyber_FolksPolandPolandPublicly listed$226M$72M$996M4.3x
JustsystemsJapanJapanPublicly listed$331M$156M$1.8B3.2x
Wix.comUnited StatesUnited StatesPublicly listed$2B($13M)$3.3B2.0x
SubstackUnited StatesSan Francisco, CAPrivate$50M-$1.1B22.0x
TezignChinaShanghaiPrivate--$1B-
TypefaceUnited StatesSan Francisco, CAPrivate--$1B-

Pantheon Public Comps

Pantheon is still privately-owned, but its public comps include ESDS Software, SharonAI, UCloud Technology, Justsystems, VNET Group, C3.ai, Nava, SoftwareOne, Ireader and Anterix.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
ESDS Software$49M$25M38.3x13.8x76.7x56.6x
SharonAI$2M($36M)752.3x13.7x(32.7x)46.2x
UCloud Technology$253M$31M7.7x-63.2x-
Justsystems$331M$156M3.1x3.2x6.7x-
VNET Group$1.5B$463M4.1x3.7x13.2x11.8x
C3.ai$250M($484M)4.3x4.5x(2.2x)(6.2x)
Nava$445M$192M3.8x-8.8x-
SoftwareOne$1.5B$191M2.0x1.6x15.9x7.2x

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Common questions about Pantheon

When was Pantheon founded?Pantheon was founded in 2010.
Where is Pantheon headquartered?Pantheon is headquartered in San Francisco, CA, United States.
Is Pantheon publicly listed?No, Pantheon is a private, VC-backed company.
What is Pantheon's valuation?Pantheon was last valued at $2B in its Series E in July 2021.
How much funding has Pantheon raised?Pantheon has raised $193M across 4 funding rounds.
What was Pantheon's last funding round?Pantheon's last funding round was a $100M Series E in July 2021, led by SoftBank Group.
Who are Pantheon's investors?Pantheon's investors include Scale Venture Partners, Foundry Group, OpenView, Industry Ventures, First Round Capital, SoftBank Group, Dev Ittycheria and Sageview Capital.
Which companies are comparable to Pantheon?Companies comparable to Pantheon include cyber_Folks, Justsystems, Wix.com, Substack, Tezign and Typeface.
How many companies has Pantheon acquired?Pantheon has acquired 2 companies, including StagingPilot and NodeSquirrel.

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