business
Pigment raises $250 million at $2.3 billion valuation
Pigment raises $250 million at $2.3 billion valuation in a Series E round led by the EU's Scaleup Europe Fund.
Key points
- Pigment raised $250 million at a $2.3 billion valuation.
- The Series E round was led by the EU's new €5 billion investment fund.
- Pigment offers a business planning platform and competes with Microsoft Excel, SAP, IBM and Anaplan.
Why it matters. The round, led by the EU's new fund aimed at scaling future European tech giants, signals growing backing for European enterprise software companies.
French enterprise software startup Pigment has raised $250 million at a $2.3 billion valuation, it said today. The Series E round was led by the EU's new €5 billion ($5.6 billion) investment fund aimed at scaling up future European tech giants. Paris-based Pigment offers enterprises a business planning platform for finances, operations and forecasting, and competes with Microsoft Excel, SAP, IBM and Anaplan.
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Pigment raises $250 million at $2.3 billion valuation
Paris-based Pigment, which provides a business planning platform for enterprises, announced it has raised $250 million at a $2.3 billion valuation. The funding round was led by the Scaleup Europe Fund, the EU's new €5 billion investment vehicle designed to support the growth of future European technology giants. The capital injection will be used to expand Pigment's product offerings and international presence. The deal represents one of the largest venture capital rounds for a French software company this year.