Overview
Pennylane has raised €175 million in a funding round led by TCV and Blackstone Growth, with participation from Sequoia Capital, DST Global, CapitalG, and Meritech Capital. The company aims to establish itself as a leading 'financial operating system' for European businesses, achieving a valuation of $4.25 billion.
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Recent Deals
Investors: TCV, Blackstone Growth, Sequoia Capital, DST Global, CapitalG, Meritech Capital
Pennylane has raised €175 million in a funding round led by TCV and Blackstone Growth, with participation from Sequoia Capital, DST Global, CapitalG, and Meritech Capital. The company aims to establish itself as a leading 'financial operating system' for European businesses, achieving a valuation of $4.25 billion.
Investors: TCV, Sequoia Capital
Pennylane, a French financial management platform for startups and SMEs, is negotiating a $200 million investment led by TCV, with support from Sequoia Capital, at a $4.25 billion valuation. The platform, used by over 6,000 accounting firms and 500,000 SMEs, simplifies accounting and enhances compliance with upcoming regulations.