Pennylane

Investor: TCV

Pennylane, a French accounting and financial management platform, has closed a €175 million funding round led by US venture capital firm TCV, with participation from Blackstone Growth, raising its valuation to €3.5 billion.Summary of transaction details:Value: €175 million (≈£148.8 million)Sector: FintechAdvisor: None disclosedKey Entities: Target – Pennylane; Lead Investor – TCVLocation: FranceNote: The round reflects strong investor confidence in Pennylane’s long‑term thesis and provides capital to expand its product offering, workforce, and international footprint ahead of France’s electronic invoicing reform.

Investor: TCV

Pennylane has secured a new €175 million funding round led by US fund TCV, with participation from Blackstone Growth. Summary of transaction details: Value: €175 million Sector: Fintech Advisor: N/A Key Entities: Pennylane, TCV, Blackstone Growth Location: France Note: This funding brings Pennylane's valuation to €3.5 billion, up from €2 billion previously, and will be used to expand its product offering and workforce.