Pennylane
Pennylane is a French fintech company founded in 2019 and officially launched in 2020. It offers an all-in-one financial management and accounting platform tailored for startups, small and medium enterprises (SMEs), and accounting firms. The platform centralizes financial data in real time, allowing users to track expenses, invoicing, cash flow, and profitability efficiently. Based in Cherbourg, France, Pennylane serves 350,000 SMEs and 4,500 accounting firms daily, supported by a team of over 1,000 employees, many of whom are accountants. The company has raised €359 million in funding, with
Investing activity
Pennylane appears in 1 AI deal tracked by the AI Lounge deals desk. The rounds are mostly Pre-seed, with a median round size of $10M. The most recent is Causa Prima (Pre-seed, $10M, Jun 2026).
Pennylane most often invests alongside Creandum, SAP, DeepMind and LIDL, and the companies it backs on AI Lounge are mostly in AI.
Deals
Frequently asked questions about Pennylane
What AI companies has Pennylane invested in?
Pennylane's AI investments include Causa Prima. The 1 round on AI Lounge are listed on this page with amounts, dates and co-investors.
Where is Pennylane based?
Pennylane is based in Paris, Ile-de-France, France.
What stage does Pennylane invest at?
In the rounds tracked on AI Lounge, Pennylane has invested at Pre-seed, with a median round of $10M.
Who does Pennylane co-invest with?
Pennylane's most frequent co-investors on AI Lounge are Creandum (1 deal), SAP (1 deal), DeepMind (1 deal), LIDL (1 deal) and Kfund (1 deal).
How can founders reach Pennylane?
Founders on AI Lounge can see Pennylane's contact details in AI Investor Contacts (paid plans), check for a warm introduction through members who worked with the firm under Warm Paths, and add Pennylane to their Investor Pipeline to track the conversation.