Pennylane Raises €175 Million To Expand AI And E-Invoicing Push Across Europe
By Amit Chowdhry ● Jan 20, 2026
Pennylane has raised €175 million in a funding round led by TCV, with participation from Blackstone Growth, Sequoia Capital, DST Global, CapitalG, and Meritech Capital, as the company seeks to position itself as a leading “financial operating system” for European businesses. Bloomberg revealed that the funding round was at a $4.25 billion valuation.