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09 April 2024·2 min read

Joy Laoun

News Editor, Vestbee

French Pigment raises €133M in a Series D funding round led by ICONIQ Growth

Paris-based business forecasting platform Pigment announced that it has raised €133 million in Series D funding led by ICONIQ Growth, Sandberg Bernthal Venture Partners, in addition to several existing investors like IVP, Meritech, Greenoaks, and Felix Capital.

  • Established in 2019 by Eléonore Crespo and Romain Niccoli, Paris-based Pigment is a platform for business planning, which offers firms the tools they need to create and modify strategic plans.  
  • Pigment has offices in Paris, London, Toronto, and New York City, and is used by Unilever, Merck, Klarna, PVH, Webhelp, Figma, DATADOG, 6sense, and Poshmark. 
  • Pigment claims that since its launch, it has tripled its ARR and doubled its global customer base, in addition to partnering with firms such as Deloitte, Slalom, and BearingPoint.
  • Pigment claims that it has released over 100 new functionalities and upgrades to the platform in 2023, while maintaining the world-leading NPS scores.  
  • The leading investors of the Series D round include ICONIQ Growth, an investment platform that funds and supports its portfolio companies from early and growth stages to IPO. Another one is Sandberg Bernthal Venture Partners, the US venture capital firm.
  • Other investors in the round include IVP, which has recently raised $1.6 billion for its 18th fund to support European tech companies during their Series B and Series C stages. Meritech, Greenoaks and Felix Capital also participated.

“We began our partnership with Pigment almost a year ago when we led the company’s Series C round, and since then we’ve been impressed by the sheer scale of progress the team has made. From signing global enterprise brands, to strengthening its US presence, to maintaining a fast pace of product innovation,” ICONIQ Growth team commented through LinkedIn. 

  • With €133 million raised, Pigment will continue driving innovation to fuel adoption of its planning platform and accelerate its investments in generative AI.

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