Helena Lyng Blak
7 weeks ago

New Unicorn? French Pigment Raises $145 Million in Venture Capital

The business planning platform is reportedly valued above $1 billion.
Grindi / Shutterstock.com
Grindi / Shutterstock.com

It has been 10 months since Pigment raised $88 million in its Series C funding round, and now the Paris-based business planning platform has now secured an additional $145 million.

The round furthermore supposedly values Pigment above $1 billion, Bloomberg, reports, while also assessing that the company is said to be France’s newest unicorn–a privately held startup company, valued at over $1 billion, and not traded on any stock exchange. 

The funding was once again led by investment firm ICONIQ Growth, but saw new investors in, among others Sandberg Bernthal Venture Partners, an investment fund of former Meta executive Sheryl Sandberg and her husband.

Pigment is a business planning and forecasting software focused on HR, finance, and sales and revenue.

“In today’s economic climate, far too many companies are being held back because they don’t have the right tools in place to get a full view of their business, manage changes, and grow. They’re forced to plan and make decisions with inaccurate, incomplete and siloed information,” said co-CEO Eléonore Crespo back in June.

Like many other companies in the tech industry and in the business planning software sphere specifically, Pigment is betting on artificial intelligence, announcing its ‘Pigment AI’ a little under a year ago.

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