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Pennylane raises €175m in growth funding

Paris based accounting and financial management software platform raised €175m in growth funding led by TCV.

“We had no immediate need for funding, but the opportunity to partner with investors like TCV and Blackstone with low dilution was a strategic advantage. This gives us the resources to stay fully independent while accelerating our lead in AI and expanding across Europe. Our mission remains unchanged: being the reference tool for accountants and their clients."

Tags

europe, france, ai, accounting, financial management