Pigment, which is setting out to “reboot the spreadsheet” and give businesses a “multidimensional view” of their data with its platform, has raised $25.9 million in a series A round of funding led by Blossom Capital.
Founded out of Paris in 2019, Pigment touts itself as a business forecasting platform that circumvents the limitations of “error-prone” spreadsheets and inflexible software to bring a “new standard” to planning and modeling. The platform is still in closed beta, though the company claims to have secured some undisclosed high-profile clients, including a major European bank and pre-IPO startups.
Pigment’s founding team includes co-CEOs Eléonore Crespo, a former financial analyst at Google who later joined Index Ventures as an investor, and Romain Niccoli, cofounder and former CTO of advertising tech giant Criteo.
Pigment is entering a space occupied by some long-standing incumbents, including Anaplan, Workday (which acquired Adaptive Insights in 2018), and trusty