Pennylane secures €175 million as it nears profitability.
- Amount
- $205M
- Announced
- 20 January 2026
- Lead
- TCV
- Other investors
- Blackstone Growth, Sequoia Capital, DST Global, CapitalG, Meritech Capital
- Use of funds
- Intensifying R&D in generative AI, German localisation, electronic invoicing infrastructure, and payment and cash management features.
- Valuation
- $4.3B
- Checked
- Amount and date matched across 3 press sources