Meritech, Sequoia and CapitalG led a €75m Series E round in Pennylane.

Meritech and Sequoia, venture capital firms, and CapitalG, a private equity firm, led a €75m Series E round in Pennylane, a financial management and accounting platform, with participation from DST. "With the electronic invoicing reform that is being implemented in France and throughout Europe, many companies are just starting their digitization journey. This is a considerable opportunity, and Pennylane is perfectly positioned to seize it," Luciana Lixandru, Sequoia Capital Partner.