Pigment, a Paris, France-based integrated business planning platform that help companies make smarter, more informed decisions, announced that it raised $65 million in a Series B+ funding round led by IVP and Meritech Capital.
Pigment will use the fund for product development to attract more large enterprises and further expand in the US, where the company is already making strides.
This round also follows a period of record ARR growth (to the tune of 5X in six months), 10x global customer growth in just a year, and the release of several new product features.
Since its last round, Pigment has focused on growing its foothold of unicorns (18 and counting) and expanding into the enterprise and North American markets. Recent economic volatility has increased demand for Pigment.
"In the past year, we have grown from 0 to 33 people supporting our North American operations, and we expect this to double in the next year." Eléonore Crespo, co-founder and co-CEO of Pigment, said.
The company now serves over 100 companies, including Paris-based BPO company Webhelp, Gong, Figma, Carta, and ClickUp.
Company: Pigment SAS
Round: Series B
Funding Month: September 2022
Lead Investors: IVP and Meritech Capital
Company Website: https://www.gopigment.com/
Software Category: Business Planning Platform
About the Company: Founded in 2019 by Eléonore Crespo and Romain Niccoli with a mission to help businesses create certainty amid the unknown, Pigment is a business planning platform for fast-growing companies. It is designed to take on the likes of spreadsheets and legacy Enterprise Performance Management (EPM) systems with a user interface that makes it easy for any business user to adopt, not only Excel experts. Pigment updated its state-of-the-art technology with several timely product features designed to tackle the complex work of business planning; a lack of transparency and insight into underlying data; the sheer quantity of data companies have and have to get their heads around; and the static way it is often presented, making it hard to change and manipulate. By contrast, Pigment's technology offers an intuitive and visually-driven experience, provides a 360° view of the business, updates financial models in real-time, and allows run what-if scenarios at the click of a button. With a headquarters in Paris, Pigment is remote with employees spread across France, the UK, and the rest of the continent.