Penrod get $8 million investment from Salesforce, undisclosed source

Penrod is based at 219 N. Milwaukee St. in the Historic Third Ward.

Last updated on February 4th, 2022 at 02:56 pmMilwaukee-based Penrod has secured an $8 million investment from San Francisco-based Salesforce Ventures and an undisclosed Milwaukee family office, according to a press release which did not break down the investment amount between the two sources. A spokesperson for Penrod could not immediately be reached for comment.

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Ashley covers startups, technology and manufacturing for BizTimes. She was previously the managing editor of the News Graphic and Washington County Daily News. In past reporting roles, covering education at The Waukesha Freeman, she received several WNA awards. She is a UWM graduate. In her free time, Ashley enjoys watching independent films, tackling a new recipe in the kitchen and reading a good book.

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