Tech Company Financing Transactions
Pennylane Funding Round
On 4/7/2025, Pennylane secured $84 million in funding from CapitalG, Meritech Capital Partners and Sequoia Capital.
Transaction Overview
Company Name
Announced On
4/7/2025
Transaction Type
Venture Equity
Amount
$84,000,000
Round
Undisclosed
Investors
CapitalG (Lead Investor)
Meritech Capital Partners (Lead Investor)
Sequoia Capital (Lead Investor) (Lucian Lixandru)
Proceeds Purpose
The fundraise will enable Pennylane to further invest in its vision to make integrated financial management in accounting the standard in Europe, while helping accountancy firms evolve into strategic advisors.
Company Information
Company Status
Private & Independent
Industry
Software
Mailing Address
5, Rue des Italiens
Paris, Île-de-France, 75009
FR
Paris, Île-de-France, 75009
FR
Phone
Undisclosed
Website
Email Address
Overview
Pennylane is building the financial OS (Operating System) for European SMEs. A single source of truth for financial data, used on one side by entrepreneurs to run their business (invoicing and getting paid, paying suppliers and expense management, piloting cash and profitability) and on the other side by their accountant for bookkeeping and fiscal declarations.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Arthur Waller
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