Additional financing · Fintech
Pennylane raises €15 million led by Sequoia Capital
The June 2021 financing supports its shared financial management platform.
Pennylane announced a new €15 million financing led by Sequoia Capital on June 8, 2021. The investment followed its €15 million Series A earlier that year.
The company planned to expand its platform and strengthen technology, product and design teams. Its software brings financial information together for small businesses and their accountants, helping both work from the same up-to-date records.
Use of funds
Expand the financial management platform.
Strengthen technology, product and design teams.