Summary
Industry
Insights
Pennylane, based in Paris, has strong potential due to its focus on streamlining financial management and accounting for companies through a B2B SaaS model. By offering an integrated platform, it addresses inefficiencies, errors, and higher costs associated with separate tools or traditional accounting services. This value proposition is compelling in the fintech sector, where innovation and efficiency are highly valued. Backed by major investors like Sequoia Capital and DST Global, Pennylane is well-positioned to capture market share and disrupt traditional financial management methods, making it a promising player in the productivity tools space.
Total Funding
$107M
- Series B (2022) $55.0M
- Series C (2023-02-01) $31.8M
- Series A (2021-07-01) $16.6M
- Seed (2020-01-01) $4.4M
Investors
Global Founders Capital (GFC) Series B
Partech Ventures Series B
Sequoia Capital Series B
Sequoia Capital Series B
DST Global Series C
Kima Ventures Seed