Sequoia Drives Major Boost for French Fintech Startup Pennylane's Growth

April 6, 2025, 11:21 pm

French accounting software startup Pennylane secured a significant Sequoia-led investment that doubled its valuation and bolstered its plans to expand across Europe, starting in Germany. With around $82 million (75 million euros) raised, including backing from Alphabet’s venture arm, the funding underscores heightened investor confidence in fintech innovation and the transformation of accounting technology in a competitive digital market.

techinasia.com / Sequoia leads $82m round for French accounting software firm

The company will use the new funds to expand across Europe, starting with Germany.

cnbc.com / French fintech Pennylane doubles valuation to $2.2 billion as Alphabet's venture capital arm takes stake

Accounting software startup Pennylane has raised 75 million euros ($83 million) in a new funding round led by Sequoia Capital.

2 stories from 2 sources in 9 days ago ... #startups #vc #fintech #saas #enterprise

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Sequoia Drives Major Boost for French Fintech Startup Pennylane's Growth

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