Valuation
$2.2B
2025 Revenue
$68M
Funding
$224.6M
YOY
61.9%
Team
899
Founded
2020
How Pennylane CEO Arthur Waller grew to $68M revenue with a 899 person team in 2025.
Pennylane is building the financial OS (Operating System) for European SMEs. A single source of truth for financial and accounting data, used on one side by entrepreneurs to run their business (invoicing and getting paid, paying suppliers and expense management, piloting cash and profitability) and on the other side by their accountant for bookkeeping and tax filings.
Last updated
Pennylane Revenue
In 2025, Pennylane's revenue reached $68M. The company previously reported $42M in 2024. Since its launch in 2020, Pennylane has shown consistent revenue growth.
| Year | Milestone | Quote |
|---|---|---|
| 2025 | Pennylane Hit $68m revenue in June 2025 | |
| 2024 | Pennylane Hit $42m revenue in June 2024 | |
| 2020 | Launched with $0 revenue |
Pennylane Valuation, Funding Rounds
Pennylane reached a $2.2B valuation in 2025, set during its Series D round.
Pennylane has raised $224.6M in total funding across 6 rounds, most recently a $75M Series D round in 2025.
| Year | Round | Amount | Valuation | % Sold | Quote |
|---|---|---|---|---|---|
| 2025 | Series D | $75M | $2.2B | 3% | |
| 2024 | Series C | $43.2M | - | - | |
| 2023 | Series C | $31.9M | - | - | |
| 2022 | Series B | $54M | - | - | |
| 2021 | Series A | $16.2M | - | - | |
| 2020 | Seed Round | $4.3M | - | - |
Founder / CEO
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
We do not have customer count information for Pennylane yet.
Pennylane Employees & Team Size
Pennylane employs approximately 899 people as of 2026, up from 505 in 2024.
| Year | Milestone |
|---|---|
| 2025 | Reached 899 employees (November 2025) |
| 2024 | Reached 505 employees (August 2024) |
Frequently Asked Questions about Pennylane
What is Pennylane's revenue?
Pennylane generates $68M in revenue.
Who founded Pennylane?
Pennylane was founded by Arthur Waller.
Who is the CEO of Pennylane?
The CEO of Pennylane is Arthur Waller.
How much funding does Pennylane have?
Pennylane raised $224.6M.
How many employees does Pennylane have?
Pennylane has 899 employees.
Where is Pennylane headquarters?
Pennylane is headquartered in Paris, France.
Compare Pennylane to the industry
Pennylane operates across multiple industries. Browse revenue, funding, and growth data for Pennylane in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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