Pennylane Raises $75M, Valuation Doubles
This is a Alphabet news story, published by CNBC, that relates primarily to Pennylane news.
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Business & Economics
French fintech Pennylane doubles valuation to $2.2 billion as Alphabet's venture capital arm takes stake

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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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