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Pennylane raises €50m in Series B funding

France based accounting software startup raised €50m in Series B funding led by Sequoia Capital.

“Nine months ago, 90% of our clients reached out to us directly and 10% of them became clients through accounting firms. Nine months later, that trend has changed. 81% of our clients come from accounting firms,” co-founder and CEO Arthur Waller told me.

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france, accounting