Business planning innovator Pigment secures $88m

Business planning innovator Pigment secures $88m

Pigment, an innovator in the field of business planning and analytics, recently announced its successful securing of $88m in a Series C funding round.

The funding round, led by ICONIQ Growth, boosts the total amount raised by the company to a staggering $248m since its inception in 2019.

The Paris-based start-up, Pigment, has been aiding business leaders to conquer numerous pressing challenges since its launch. The company assists its clients in navigating the economic uncertainties, amplifying efficiency in strategic decision-making, and preparing for a novel era of business planning. Pigment’s value proposition is becoming ever more critical as global conditions rapidly evolve, creating a ‘new, new normal’ where agile, instantaneous planning is vital.

This latest infusion of capital is expected to be channeled into various strategic areas, including expanding operations in North America, investing in AI capabilities, and enhancing its product offerings.

Over the past year, Pigment has marked remarkable milestones. The company’s user base has increased tenfold, and it has earned the trust of notable companies such as Klarna, Miro, PVH, Airtable, Figma, Webhelp, and Poshmark. Pigment’s Series C funding follows its successful growth trajectory and continuous product innovation.

Sean Brophy, Global Head of Sales at Pigment, commented on the funding round: “Our Series B+ announcement in September 2022 was a testament to the substantial investments we had already made in the US and Canada. Today, our dedicated North America team consists of over 70 talented individuals, further solidifying our commitment to the region. We have also established a new office in Toronto, demonstrating our dedication to serving our North American customers.”

Pigment’s previous investment includes a $65m Series B+ funding round announced in September 2022.

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