Paris-based Pennylane, which makes cloud-based accounting software, raised €75M, doubling its valuation to €2B, led by Sequoia and with Alphabet among investors (Ryan Browne/CNBC)

by #AI [2.0] April 6, 2025 · Automatic / Editor's Picks [News]

Ryan Browne / CNBC:
Paris-based Pennylane, which makes cloud-based accounting software, raised €75M, doubling its valuation to €2B, led by Sequoia and with Alphabet among investors — French accounting software firm Pennylane has doubled its valuation to 2 billion euros ($2.16 billion) in a new 75 million euro funding round.