Question 1

Who funded Pennylane?

Accepted Answer

Pennylane has been funded by Sequoia, Global Founders Capital, Partech.

Question 2

How much has Pennylane raised?

Accepted Answer

Pennylane has raised $84M in total funding, most recently in their Series C round.

Question 3

Who founded Pennylane?

Accepted Answer

Pennylane was founded by Arthur Waller in 2020.

Question 4

What does Pennylane do?

Accepted Answer

Pennylane is the AI-powered accounting platform built for European SMEs and their accountants. It automates bookkeeping, invoice processing, and bank reconciliation — cutting accounting time by 50%. With integrations into 200+ tools and an API-first design, Pennylane is modernizing a €50B accounting software market still dominated by legacy players.

Who funded Pennylane?

3 investors

Pennylane funding facts