The funding will help Pigment expand its footprint in the US and Europe. Here are the top-line bullets you need to know.
Pigment, a business planning platform, has raised $72.5M in a Series B round. The round drew participation from Blossom Capital, FirstMark Capital, and Greenoaks Capital Management.
HOW’S THE COMPANY PERFORMING?
- France-based Pigment is a business planning platform that provides business modeling and forecast templates to marketing, HR, and sales teams. It integrates data from a number of platforms, including Netsuite, Looker, Google Sheets, Salesforce, and Workday.
- Its clients include BlaBlaCar, Loggi, Malt, Spendesk, and Melio.
- The company’s workforce is distributed across France, the UK, and other parts of Europe.
Source: Pigment
WHY DOES THE MARKET MATTER?
- The global financial planning software market is projected to grow at a CAGR of 14% and reach a value of $3.47B by 2028, according to Reports and Data. The cloud-based financial planning software product segment is expected to grow at a CAGR of 15.9% during the forecast period.
- Increasing demand for data analytics tools to guide enterprise-level decision-making has contributed to market growth.
