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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
Investors
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.
Fundz sees it the moment Pennylane raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
Pennylane raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
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