Tech Company Financing Transactions
Pennylane Funding Round
On 2/8/2024, Pennylane announced $43.1 million in Series C funding from DST Global and Sequoia Capital.
Transaction Overview
Company Name
Announced On
2/8/2024
Transaction Type
Venture Equity
Amount
$43,132,000
Round
Series C
Investors
Sequoia Capital (Lucian Lixandru)
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
Paris, Île-de-France, 75009
FR
Phone
Undisclosed
Website
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
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Arthur Waller
Browse more venture capital transactions:
Prev: 2/8/2024: The Essence App venture capital transaction
Next: 2/8/2024: Attentive 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