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April 7, 2025

Pennylane doubles valuation to €2bn in fresh €75m fundraise

Just over a year after raising a €40m Series C, as Pennylane prepares for a “huge opportunity” with the arrival of electronic invoicing

After raising a €40m Series C early last year, French accounting platform Pennylane has secured another €75m in equity, doubling its valuation to €2bn.

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Daphné Leprince-Ringuet

Daphné Leprince-Ringuet is a senior reporter for Sifted, based in Paris. She covers French tech and writes Sifted's AI and Deeptech newsletter . You can find her on X and LinkedIn

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