<ul><li>Pennylane, a French accounting platform, has raised 75 million euros (about $82 million) in funding.</li><li>The company aims to expand its platform across Continental Europe and has already seen significant growth, tripling its user base in the past year.</li><li>Pennylane's solution is used by 4,500 accounting firms and 350,000 companies, with support from 60 reseller integrators.</li><li>The funding round was co-led by Meritech Capital, CapitalG, and Sequoia Capital, with the goal of transforming financial management for small businesses and accountants.</li></ul>

Alphabet-Backed Pennylane Raises $82 Million to Expand Accounting Platform Across Europe

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