Technology Crossover Ventures led a €175m Series F round in Pennylane.

Technology Crossover Ventures, a growth equity and venture capital firm, led a €175m Series F round in Pennylane, a financial management and accounting platform for business leaders and accountants, with participation from Blackstone, Sequoia Capital, DST Global, CapitalG, and Meritech. “We had no immediate need for funding, but the opportunity to partner with investors like TCV and Blackstone with low dilution was a strategic advantage. This gives us the resources to stay fully independent while accelerating our lead in AI and expanding across Europe. Our mission remains unchanged: being the reference tool for accountants and their clients," Arthur Waller, Pennylane Co-Founder and CEO.