Pigment Raises $250 Million at $2.3 Billion Valuation Led by European Fund
French company Pigment raised $250 million in a Series E round led by the EU-backed Scale Up Europe Fund, raising its valuation to $2.3 billion.
French business planning software company Pigment raised $250 million in a Series E funding round at a valuation of $2.3 billion.
The round was led by the EU-backed Scale Up Europe Fund, managed by EQT, with participation from World Innovation Lab and existing investors Greenoaks, Iconiq, IVP, and Meritech, alongside Nvidia.
The company said the funds will contribute to accelerating research and development efforts and expanding its engineering team.
Pigment offers a platform that helps companies plan finances, operations, and forecasts, with a client list including major corporations such as Siemens and Unilever, as well as tech startups like Anthropic and ElevenLabs.
What Do These Terms Mean?
Series E Funding Round: An advanced funding stage for a startup following Series A, B, C, and D rounds, typically used for expansion prior to an initial public offering.
Company Valuation: The estimated market value of a company, calculated in funding rounds based on the price investors pay for a stake in it.
Research and Development: The activity a company dedicates to innovating new products and services or improving existing ones before bringing them to market.
Weekly Newsletter
Read between the lines before everyone else. Decode the most important economic, tech, and decision-maker movements in the region.. in 5 minutes every Saturday.
