Paris-based startup Pigment has raised a Series C round of $88 million — the investment was led by Iconiq Growth. Pigment wants to take on Microsoft Excel and offer a business planning platform that works better than products from enterprise software behemoths, such as Oracle or SAP. It’s a new take on a critical product for large companies that need to forecast, budget and build comprehensive reports.
In addition to Iconiq Growth (which previously invested in companies like Adyen, Datadog, Gitlab, Miro and Snowflake), existing investors Meritech, IVP and FirstMark are investing in Pigment once again. Julien Codorniou, who is an angel investor in Pigment, is now also investing in the startup through his VC firm Felix Capital.
The best way to describe Pigment is by describing what it can do. It’s a flexible product that can be used by multiple teams in big companies. Chief fi...
