Pennylane has raised $82 million in a funding round led by Sequoia Capital. The new funds will be used to expand across Europe, starting with Germany.
Amount Raised
$82 Million
Round Type
Funding Round
ParisFinancial ServicesSoftwareFinanceFintechAccountingSaaSInvestors
Description
Pennylane, a French accounting software startup, has raised €75 million (US$82 million) in a round led by Sequoia Capital, doubling its valuation to €2 billion (US$2.2 billion). The company will use the new funds to expand across Europe, starting with Germany, where it aims to reach product maturity in two years. Founded in 2020, Pennylane provides accounting tools for SMEs and accounting firms. It serves 4,500 firms and 350,000 businesses in France.
Quick answer
Pennylane raised $82 Million in a Funding Round round, dated April 7, 2025. Investors: Sequoia Capital. Pennylane is based in Paris, Ile-de-France, France.
- How much did Pennylane raise?
- Pennylane raised $82 Million in a Funding Round round on April 7, 2025.
- Who invested in Pennylane?
- Sequoia Capital is 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.
- Clara raised $80M (Funding Round) on May 2, 2025.
- House of Doge raised $2.2M (Seed) on April 30, 2025.
- Wingspan raised $20M on April 25, 2025.
- WeeFin raised $27M (Series B) on April 1, 2025.
- House of Doge raised $175K (Pre-Seed) on March 31, 2025.
- Worth raised $25M (Funding Round) on March 12, 2025.
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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