Summary
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.
Lead Investor / Acquirer
TCV
Advising Broker
Undisclosed Firm
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Series B prioritisedOriginal Source
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