Pigment, a Paris, France-based business forecasting platform provider, raised $25.9m in Series A funding.
The round was led by Blossom Capital, with participation from FirstMark Capital and Frst, as well as angel investors Paul Melchiorre, former CEO of business planning company Anaplan, and David Clarke, the ex-CTO of Workday.
The company intends to use the funds to scale up its operations and engineering team, which includes senior hires from tech companies such as Criteo, Datadog, Aircall and Payfit.
Founded in 2019 by Eléonore Crespo, a former data analyst at Google and investor at preeminent European venture capital firm Index Ventures, and Romain Niccoli, the former CTO and co-founder of ad-tech company Criteo, Pigment provides a platform that allows users to take control over their business data – presenting a full-spectrum view of a company that allows them to play with multiple future scenarios in real-time through charts, simulations and continuous modeling.
The company has already secured enterprise and pre-IPO start-up clients for its beta product, including a major European bank.
In the future, Pigment also plans to allow for reporting in areas including social and environmental accounting, as this is increasingly requested by users.
FinSMEs
03/12/2020