Pennylane logo

Pennylane

Startups icon Seedtable Score 56 Startups icon Startups

4

Funding Rounds

5

Investors

$107.77m

Money raised

Overview

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.

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Financial Details

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Investors (5)

Global Founders Capital (GFC) logo Global Founders Capital (GFC)

Climate Tech & Green Tech, Health Tech, Edtech, FinTech, Crypto & web3, ...

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Partech Ventures logo Partech Ventures

Climate Tech & Green Tech, Health Tech, Edtech, FinTech, Crypto & web3, ...

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Funding

Funding series

Funding Series Analysis

The company Pennylane has raised a total of $107.77m in funding over 4 rounds.

Key Insights:

  • Series B: $55m
  • Series A: $16.6m
  • Seed: $4.37m
  • Series C: $31.8m
Pennylane logo
Pennylane Seed (2020, $4M) $4.37m
Pennylane logo
Pennylane Series A (2021, $16M) $16.6m
Pennylane logo
Pennylane Series C (2023, $31M) $31.8m
Pennylane logo
Pennylane Series B (2022, $55M) $55m