Pigment secures $88 million for its business planning tool that will make you forget about Excel

Paris-based startup Pigment has raised a Series C round of $88 million — the investment was led by Iconiq Growth. Pigment wants to take on Microsoft Excel and offer a business planning platform that works better than products from enterprise software behemoths, such as Oracle or SAP. It’s a new take on a critical product for large companies that need to forecast, budget and build comprehensive reports.
In addition to Iconiq Growth (which previously invested in companies like Adyen, Datadog, Gitlab, Miro and Snowflake), existing investors Meritech, IVP and FirstMark are investing in Pigme

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