Pennylane Overview
- Status
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Private
- Employees
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1,000
- Latest Deal Type
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Series E
- Latest Deal Amount
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$205M
- Investors
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15
Pennylane General Information
Description
Developer of a digital accounting platform designed to bring financial and accounting data together in a single place. The company's platform combines people and technology to help managers in administrative management such as invoicing and collection, supplier payments, accounting, and management of cash and activity, enabling startups to streamline accounting and management results.
Contact Information
Website
www.pennylane.comCorporate Office
- 2-4 rue Jules Lefebvre
- 75009 Paris
- France
Corporate Office
- 2-4 rue Jules Lefebvre
- 75009 Paris
- France
Pennylane Timeline
Pennylane Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 10. Later Stage VC (Series E) | 20-Jan-2026 | $205M | Completed | Generating Revenue | ||
| 9. Later Stage VC (Series D) | 06-Apr-2025 | Completed | Generating Revenue | |||
| 8. Accelerator/Incubator | Completed | Generating Revenue | ||||
| 7. Early Stage VC | 08-Feb-2024 | Completed | Generating Revenue | |||
| 6. Secondary Transaction - Private | Completed | Generating Revenue | ||||
| 5. Later Stage VC | 14-Apr-2023 | Completed | Generating Revenue | |||
| 4. Later Stage VC (Series B) | 31-Jan-2022 | Completed | Generating Revenue | |||
| 3. Later Stage VC (Series B) | 08-Jun-2021 | Completed | Generating Revenue | |||
| 2. Later Stage VC (Series A) | 07-Jan-2021 | $18.3M | $22.6M | Completed | Generating Revenue | |
| 1. Seed Round | 18-May-2020 | $4.35M | $4.35M | Completed | Generating Revenue |
Pennylane Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Series D | ||||||||
| Series C2 | ||||||||
| Series C | ||||||||
| Series B | ||||||||
| Series A | 3,582,880 | $0.010870 | $4.55 | $4.55 | 1x | $4.55 | 16.47% | |
| Shares S1 | 1,479,510 | $0.010870 | $2.26 | $2.26 | 1x | $2.26 | 6.8% |
VC Exit Predictor
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Opportunity Score
Calculated using Exit Type probabilities, the company’s stage, and PitchBook’s historical returns data.
Exit Type
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Pennylane Comparisons
Industry
Financing
Details
Pennylane Competitors (91)
One of Pennylane’s 91 competitors is indinero, a Venture Capital-Backed company based in Covina, CA.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| indinero | Venture Capital-Backed | Covina, CA | ||||
| Kashoo Cloud Accounting | Corporate Backed or Acquired | Vancouver, Canada | ||||
| Conta Azul | Private Equity-Backed | Joinville, Brazil | ||||
| FreeAgent Central | Formerly VC-backed | Edinburgh, United Kingdom | ||||
| Blue Link | Private Equity-Backed | Vaughan, Canada |
Pennylane Related Research & Analysis
Explore institutional-grade private market research from our team of analysts.
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Verticals
Pennylane Signals
Growth Rate
Growth
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Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
Pennylane Investors (15)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| Blackstone | PE/Buyout | Minority | ||
| TCV | Growth/Expansion | Minority | ||
| CapitalG | Growth/Expansion | Minority | ||
| Meritech Capital Partners | Venture Capital | Minority | ||
| Discovery Ventures (Berlin) | Venture Capital | Minority |
Pennylane Acquisitions (1)
Pennylane’s most recent deal was a Merger/Acquisition with HeyBilly. The deal was made on 02-Oct-2024.
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| HeyBilly | 02-Oct-2024 | Merger/Acquisition | Financial Software |
Pennylane Affiliates
Subsidiaries (1)
| Name | Industry | Location | Year Founded |
|---|---|---|---|
| HeyBilly | Paris, France | 2021 |
Pennylane FAQs
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Where is Pennylane headquartered?
Pennylane is headquartered in Paris, France.
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What is the size of Pennylane?
Pennylane has 1,000 total employees.
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What industry is Pennylane in?
Pennylane’s primary industry is Accounting, Audit and Tax Services (B2B).
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Is Pennylane a private or public company?
Pennylane is a Private company.
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What is the current valuation of Pennylane?
The current valuation of Pennylane is .
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What is Pennylane’s current revenue?
The current revenue for Pennylane is .
-
How much funding has Pennylane raised over time?
Pennylane has raised $461M.
-
Who are Pennylane’s investors?
Blackstone, TCV, CapitalG, Meritech Capital Partners, and Discovery Ventures (Berlin) are 5 of 15 investors who have invested in Pennylane.
-
Who are Pennylane’s competitors?
indinero, Kashoo Cloud Accounting, Conta Azul, FreeAgent Central, and Blue Link are some of the 91 competitors of Pennylane.
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