Amount Raised
$40 Million
Round Type
Funding Round
ParisFinancial ServicesSoftwareFinanceFintechAccountingSaaSInvestors
Description
Paris-based Pennylane, a financial management and accounting platform designed for startups/SMEs, announced that it has secured €40M in a Series C round of funding. With this round, the company has attained the ‘unicorn’ status. The latest funds will help Pennylane enhance its account-tech platform with a focus on artificial intelligence. The French company aims to empower accountants to leverage electronic invoicing and AI to boost productivity.
Quick answer
Pennylane raised $40 Million in a Funding Round round, dated February 8, 2024. Investors: DST Global and Sequoia Capital. Pennylane is based in Paris, Ile-de-France, France.
- How much did Pennylane raise?
- Pennylane raised $40 Million in a Funding Round round on February 8, 2024.
- Who invested in Pennylane?
- DST Global and Sequoia Capital are named as investors in this round.
- What does Pennylane do?
- Pennylane is building the financial OS (Operating System) for European SMEs.
- Where is Pennylane based and how big is it?
- Pennylane is based in Paris, Ile-de-France, France. Fundz records about 977 employees.
- Who are the decision-makers at Pennylane?
- Fundz holds 1 contact at Pennylane. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Financial Services and Finance around the same time
Companies in the same sectors as Pennylane that raised within 45 days of this round, from Fundz verified event records.
- Lettuce Financial raised $6M (Seed) on March 6, 2024.
- Harness Wealth raised $17M (Series A) on March 5, 2024.
- Architect raised $12M on February 14, 2024.
- BrightPlan Group raised $22M on February 9, 2024.
- Briq raised $8M (Funding Round) on January 22, 2024.
- Streamex Corp. raised $1.5M (Seed) on January 12, 2024.
Who to call at Pennylane, and when
A new round usually means Pennylane is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Pennylane raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Pennylane, from your own LinkedIn network
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Related People
Pennylane raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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