Pennylane

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: Fintech
• Advisor: None disclosed
• Key Entities: Target – Pennylane; Lead Investor – TCV
• Location: France

Note: 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.