Overview

Pigment offers a financial planning and analysis platform that simplifies complex financial reporting and forecasting for businesses of all sizes. The platform operates on a software-as-a-service (SaaS) model, where clients subscribe and pay a recurring fee. Pigment's key features include connectivity, processing power, and collaboration tools, which enhance the user experience and differentiate it from other financial planning tools. Users can create detailed financial models covering various aspects such as human resources, revenue, expenses, and cash flow, which traditional spreadsheets often cannot handle effectively. By automating these processes, Pigment enables businesses to save time and focus on analyzing data to improve their operations.

Simplify's Take

What believers are saying

• Pigment's expansion into North America is supported by significant US investor backing.
• The launch of Pigment AI enhances predictive analytics and automation capabilities.
• Strategic partnerships, like with Deloitte Belgium, enhance Pigment's market reach and connectivity.

What critics are saying

• Increased competition from Microsoft Excel and Google Sheets threatens Pigment's market position.
• Reliance on continuous funding rounds may indicate potential financial instability.
• Expansion into North America may lead to regulatory scrutiny and compliance challenges.

What makes Pigment unique

• Pigment offers real-time data visualization and scenario planning, unlike traditional spreadsheets.
• The platform's user-friendly interface simplifies complex financial reporting and forecasting.
• Pigment's SaaS model provides flexibility and cost-effectiveness for businesses of all sizes.

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Funding

Total Funding

$388.9M

Above

Industry Average

Funded Over

4 Rounds

Notable Investors:

Accel

Notable Investors:

Accel

$145,000,000

Series D

Apr 2024

Series D funding is typically for companies that are already well-established but need more funding to continue their growth. This round is often used to stabilize the company or prepare for an IPO.

Series D Funding Comparison

Above Average

Industry standards

Ind Avg. $77M

$49M

$50M

$70M

$80M

$100M

$145M

View all funding stages