Series D · Fintech
Pennylane raises €75 million for electronic invoicing
The April 2025 Series D supports the company’s integrated financial-management platform.
Pennylane announced €75 million in financing on April 7, 2025. Meritech Capital and CapitalG provided new funds, with support from Sequoia Capital and DST Global.
The Series D backed preparations for France’s electronic-invoicing reforms. Pennylane combines financial management, accounting production, a business account and electronic-invoicing services in one platform.
The company planned to expand research and development, add invoice-related services and incorporate generative AI capabilities.
Use of funds
Develop electronic invoicing and financial management services
Expand research, development and staffing