French accounting unicorn Pennylane raises €175 million in funding to enhance AI capabilities and support growth. TCV leads the round with participation from Blackstone and existing shareholders.
Amount Raised
€175 Million
Round Type
Funding Round
ParisFinancial ServicesSoftwareFinanceFintechAccountingSaaSInvestors
Description
Pennylane has secured €175 million in a funding round to accelerate its product investment in AI and prepare for market consolidation. The round was led by TCV, with Blackstone's participation. Existing investors like Sequoia Capital also joined the round. The company is on track for profitability and aims to expand its presence across Europe.
Quick answer
Pennylane raised €175 Million in a Funding Round round, dated January 20, 2026. Investors: Capitalg, Meritech Capital, DST Global, Sequoia Capital, Blackstone and TCV. Pennylane is based in Paris, Ile-de-France, France.
- How much did Pennylane raise?
- Pennylane raised €175 Million in a Funding Round round on January 20, 2026.
- Who invested in Pennylane?
- Capitalg, Meritech Capital, DST Global, Sequoia Capital, Blackstone and TCV 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.
- Innoviti raised $11M (Seed) on February 28, 2026.
- Roopya raised $441K (Seed) on February 20, 2026.
- Farseer raised $7.2M (Series A) on February 16, 2026.
- Anchorage Digital raised $100M (Series E) on February 6, 2026.
- Paraglide AI raised $5M (Funding Round) on January 28, 2026.
- skrooge.ai raised $1.9M (Seed) on January 21, 2026.
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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