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Pigment raises 65 million euros and continues its internationalization

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Pigment raises 65 million euros and continues its internationalization
Written by madishthestylebar

The French startup Pigment recently announced that it had raised 65 million euros to develop its platform. Its objective is clear: to meet the needs of large companies looking for agility. The startup also aims to develop its international presence, particularly in the United States.

Pigment, the tricolor financial planning platform which is notably part of the French Tech 120, continues fundraising. The startup has announced that it will raise funds of 65 million euros, this announcement echoes other fundraising rounds that have enabled this young shoot to raise more than 100 million dollars. This new financial contribution is presented as an extension of its series B made with IVP and Meritech Capital.

Read also: Startup: The biggest fundraisers in France in 2022

Fundraising for Pigment: the startup’s projects

Pigment offers a solution for businesses to better understand the numbers affecting their business. The French platform, which already works with BlaBlaCar, Deliveroo, PayFit and many others, aims to dethrone the giant Excel. For this, the startup is relying on a faster and more intuitive solution. With the aim of offering ever greater simplicity, the software suite integrates directly with the tools used by companies.

Thanks to this new fundraising, Pigment offers, among other things, new modeling and simulation capabilities, which give the possibility of updating the data in real time, so that the different companies can have total visibility on complex scenarios. . Pigment also unveiled a two-way data connector for Google Sheets that makes it easy to create presentations.

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Expand internationally

This startup created in 2019 by Eléonore Crespo and Romain Niccoli is showing ever more impressive results. A five-fold increase in revenue in just six months, as well as a ten-fold increase in the number of new customers in a single year. These record figures respond to strong market demand. According to a recent study by Gartner, by 2024, 96% of finance and IT leaders plan to adopt a planning strategy that connects finance with other operational functions.

Pigment declares that it wants to establish itself permanently in the United States, a country where it has already established itself very quickly. The startup wants to use these funds to develop its platform, with the aim of meeting the expectations of large international companies. The French company prides itself on dethroning Excel spreadsheets and other aging systems. ” The growth of Pigment, as well as the support of our investors, confirms our choice to move the lines in terms of planning. We are witnessing tremendous momentum which suggests our future position as leader in this category. “says Eléonore Crespo.

Read also: Ranking of French unicorns by valuation

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