Pigment: Revolutionizing Business Planning with $145 Million Funding
April 5, 2024, 9:39 pm
Pigment, a visionary business planning platform, has secured a staggering $145 million in Series D funding led by ICONIQ Growth. This funding injection propels Pigment's total funding to over $396 million, solidifying its position as a leader in strategic decision-making solutions for businesses worldwide.
Pigment's innovative platform empowers organizations to plan ahead effectively and make informed strategic decisions with precision. Renowned companies such as Unilever, Merck, Klarna, PVH, Webhelp, Figma, and Poshmark rely on Pigment daily to gain valuable insights into their operations, enabling them to execute strategies with confidence and efficiency.
The past year has been a monumental success for Pigment, marked by a remarkable tripling of its annual recurring revenue and a doubling of its global customer base. The number of enterprise customers leveraging Pigment's platform has also tripled, underscoring the platform's widespread adoption and impact across various business functions.
In a strategic move to bolster its presence in North America, Pigment has expanded its footprint by establishing offices in key cities such as New York and Toronto. This strategic expansion reflects Pigment's commitment to serving its largest market with unparalleled dedication and expertise.
Pigment's commitment to innovation is exemplified by its recent advancements in generative AI capabilities, designed to enhance accessibility for all users and drive adoption beyond traditional finance functions. With over 90% of Pigment customers utilizing the platform across multiple departments, including finance, sales, HR, and supply chain, Pigment continues to redefine the landscape of strategic decision-making in business.
The Series D funding round, spearheaded by ICONIQ Growth and supported by Sandberg Bernthal Venture Partners, IVP, Meritech, Greenoaks, and Felix Capital, signifies a resounding vote of confidence in Pigment's vision and capabilities. This substantial investment will enable Pigment to accelerate its innovation efforts, further fueling the adoption of its cutting-edge planning platform.
Eléonore Crespo, co-CEO of Pigment, expressed her gratitude for the unwavering support of investors, stating, "Our north star has always been to combine an exceptional product and customer experience, so that organizations can build the right plans and execute on them quickly. This funding puts us in an even stronger position to continue fulfilling this commitment."
Seth Pierrepont, General Partner at ICONIQ Growth, commended Pigment's rapid expansion into the enterprise market, highlighting the exceptional team and product that Eléonore and Romain have cultivated. This expansion underscores Pigment's unwavering dedication to driving innovation and delivering unparalleled value to its customers.
As Pigment charts a course towards the future, fueled by this substantial funding infusion, the company remains steadfast in its mission to revolutionize business planning and empower organizations to make strategic decisions with confidence and agility. With a relentless focus on innovation and customer-centricity, Pigment is poised to redefine the future of strategic decision-making in the business landscape.
Pigment's innovative platform empowers organizations to plan ahead effectively and make informed strategic decisions with precision. Renowned companies such as Unilever, Merck, Klarna, PVH, Webhelp, Figma, and Poshmark rely on Pigment daily to gain valuable insights into their operations, enabling them to execute strategies with confidence and efficiency.
The past year has been a monumental success for Pigment, marked by a remarkable tripling of its annual recurring revenue and a doubling of its global customer base. The number of enterprise customers leveraging Pigment's platform has also tripled, underscoring the platform's widespread adoption and impact across various business functions.
In a strategic move to bolster its presence in North America, Pigment has expanded its footprint by establishing offices in key cities such as New York and Toronto. This strategic expansion reflects Pigment's commitment to serving its largest market with unparalleled dedication and expertise.
Pigment's commitment to innovation is exemplified by its recent advancements in generative AI capabilities, designed to enhance accessibility for all users and drive adoption beyond traditional finance functions. With over 90% of Pigment customers utilizing the platform across multiple departments, including finance, sales, HR, and supply chain, Pigment continues to redefine the landscape of strategic decision-making in business.
The Series D funding round, spearheaded by ICONIQ Growth and supported by Sandberg Bernthal Venture Partners, IVP, Meritech, Greenoaks, and Felix Capital, signifies a resounding vote of confidence in Pigment's vision and capabilities. This substantial investment will enable Pigment to accelerate its innovation efforts, further fueling the adoption of its cutting-edge planning platform.
Eléonore Crespo, co-CEO of Pigment, expressed her gratitude for the unwavering support of investors, stating, "Our north star has always been to combine an exceptional product and customer experience, so that organizations can build the right plans and execute on them quickly. This funding puts us in an even stronger position to continue fulfilling this commitment."
Seth Pierrepont, General Partner at ICONIQ Growth, commended Pigment's rapid expansion into the enterprise market, highlighting the exceptional team and product that Eléonore and Romain have cultivated. This expansion underscores Pigment's unwavering dedication to driving innovation and delivering unparalleled value to its customers.
As Pigment charts a course towards the future, fueled by this substantial funding infusion, the company remains steadfast in its mission to revolutionize business planning and empower organizations to make strategic decisions with confidence and agility. With a relentless focus on innovation and customer-centricity, Pigment is poised to redefine the future of strategic decision-making in the business landscape.