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French fintech Pennylane doubles valuation to $2.2 billion as Alphabet's venture capital arm takes stake

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76% Informative

Accounting software startup Pennylane has raised 75 million euros in a new funding round led by Sequoia Capital .

The round, which was also backed by Alphabet 's CapitalG, values the five-year-old startup at 2 billion euros .

The startup plans to use the fresh cash to expand its services across Europe , starting with Germany in the summer .

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84

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88

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78

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semi-formal

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English

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48

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short-lived

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