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    Home » Pennylane’s valuation soars with Alphabet’s CapitalG investment
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    Pennylane’s valuation soars with Alphabet’s CapitalG investment

    By Juno chenApril 8, 2025No Comments2 Mins Read
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    • Pennylane, a Paris-based financial management platform, has achieved a €1 billion valuation after securing investment from CapitalG, Alphabet’s independent growth fund.
    • The funding will support Pennylane’s expansion efforts and enhance its product offerings for small and medium-sized enterprises (SMEs).

    What happened: Pennylane reaches €1B valuation after CapitalG investment

    Pennylane, a financial management and accounting platform tailored for SMEs, has seen its valuation double to €1 billion following an investment from CapitalG, the growth fund of Google’s parent company, Alphabet. This marks a significant milestone for the Paris-based startup, positioning it as a leading player in the European fintech landscape.​

    Founded in 2020, Pennylane offers an integrated platform that combines accounting, financial management, and invoicing services, aiming to simplify financial operations for SMEs. The platform’s user-friendly interface and automation capabilities have garnered a substantial user base, contributing to its rapid growth and attracting interest from prominent investors.​

    Also read: Quantexa raises $175M, hits $2.6B valuation
    Also read:
    Ramp secures $150M and valuation hits $13B

    Why it’s important

    The investment in Pennylane by CapitalG underscores the growing interest of major tech investors in the European fintech sector. It highlights the potential of integrated financial management solutions to transform how SMEs handle their finances, offering streamlined and efficient alternatives to traditional methods.

    Alphabet CapitalG European startups fintech growth Fintech Investment Pennylane SME financial management valuation milestone
    Juno chen

    Juno Chen is an intern reporter at BTW Media. Having studied Media and Data Analytics at the University of Sydney. She specialised in industry insights Contact her at j.chen@btw.media.

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