Tech Company Financing Transactions

Pennylane Funding Round

Pennylane, based in Paris, Île-de-France, secured $50 million from DST Global.

Transaction Overview

Company Name
Announced On
3/2/2023
Transaction Type
Venture Equity
Amount
$50,000,000
Round
Undisclosed
Investors

DST Global (Lead Investor)

Proceeds Purpose
Proceeds purposes were not disclosed.

Company Information

Company Status
Private & Independent
Industry
Software
Mailing Address
5, Rue des Italiens
Paris, Île-de-France, 75009
FR
Phone
Undisclosed
Email Address
Overview
Pennylane is building the financial OS (Operating System) for European SMEs. A single source of truth for financial data, used on one side by entrepreneurs to run their business (invoicing and getting paid, paying suppliers and expense management, piloting cash and profitability) and on the other side by their accountant for bookkeeping and fiscal declarations.
Profile
Pennylane LinkedIn Company Profile
Social Media
Pennylane Company Twitter Account
Company News
Pennylane News
Facebook
Pennylane on Facebook
YouTube
Pennylane on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Arthur Waller
  Arthur Waller LinkedIn Profile  Arthur Waller Twitter Account  Arthur Waller News  Arthur Waller on Facebook


 

 

Browse more venture capital transactions:

Prev: 3/2/2023: VitalXP venture capital transaction
Next: 3/2/2023: Henchman venture capital transaction

 

Share this article

 


News on VC Transactions

We record every notable VC transaction. VC investment data records reported here are sourced from publicly available VC deal announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.

 


Additional Resources for Entrepreneurs

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities

Contributors

Business Glossary