Pigment, a San Francisco, CA-based provider of a business planning platform, raised $88M in Series C funding.
The round, which brought the total amount to $248M, was led by ICONIQ Growth, Felix Capital, Meritech, IVP and FirstMark.
The company intends to use the funds to drive sustainable growth at the company, with headcount expected to increase by 25% by the end 2023, across enterprise sales, partnerships and product teams. The company will also invest in product innovation for decision-makers across disciplines, including:
- Pigment AI, a chat-like interface to automate tasks, bring more people into the planning process and accelerate decision-making
- New automations to enable collaborative planning across teams to reduce the budgeting cycle and increase forecasting accuracy
- New HR and Sales planning features to aid specific teams to plan and report according to their needs, with organizational chart visualizations and territory heat maps
Led by co-CEOs Eléonore Crespo, and Romain Niccoli, Pigment provides a business planning platform bringing together people, data and processes into an integrated system. Teams can build strategic and operational business plans to drive growth, react to change and future-proof their business.
Companies like Klarna, Figma, Airtable, PVH and Webhelp use Pigment every day, to make accurate decisions.
In the past year, the company has strengthened its North American presence, opening an office in Toronto and hiring senior leadership in the U.S. and Canada. Notable recent hires include Sean Brophy, Global Head of Sales, who joined from Alteryx where he led enterprise sales; and Vanessa Brangwyn, Global Head of Customers, who joined from Achievers, where she was Chief Customer and Revenue Officer.
FinSMEs
08/06/2023