Pennylane raises $18.3 million for its accounting service

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French startup Pennylane has raised a new $18.3 million funding round (€15 million). Interestingly, this is Sequoia Capital’s first investment in France after they announced ambitious expansion plans in Europe. If you’re not familiar with Pennylane, the startup has been developing an accounting platform that improves accounting for both clients and their accountants.

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