French startup Pigment raises $25.9 million

Pigment, a business planning platform, has raised a total of $25.9 million in a Series A round, TechCrunch reports. The round was led by Blossom Capital with participation from FirstMark Capital and Frst, as well as angel investors including Paul Melchiorre, former CEO of business planning giant Anaplan, and David Clarke, the ex-CTO of Workday.

Founded in 2019 by Romain Niccoli and Eléonore Crespo, Pigment’s platform allows users to take control over their business data – presenting an intuitive, full-spectrum view of the company that allows users to play with multiple future scenarios in real-time through charts, simulations, and continuous modeling. The company is trying to overhaul the painful experience of using error-prone spreadsheets and inflexible software to forecast the future of businesses.

The raised money will scale up operations and engineering teams ahead of a full public launch next year. Pigment wants to help companies save time and money and avoid mistakes that hinder many organizations by using a more visual approach that allows users to work with different parameters and make important predictions.