Scaleup Europe Fund leads $250M funding round in Pigment

French enterprise software startup Pigment has raised $250m at a $2.3bn valuation, it said today, in a funding round led by the EU's new €5bn ($5.6bn) investment fund aimed at scaling up future European tech giants. Paris-based Pigment offers enterprises a business planning platform, helping businesses plan finances, operations and forecasting. It competes against the likes of Microsoft Excel, SAP, IBM and Anaplan. Pigment’s Series E round was led by the Scaleup Europe Fund, managed by EQT, with participation from World Innovation Labs, a Palo Alto and Tokyo-headquartered VC fund. Existing investors, including Greenoaks, Iconiq, IVP, and Meritech also participated, along with investment from Nvidia, which has previously been announced. It follows Pigment’s Series D $145m funding round in 2024, led by Iconiq. Pigment's customers include big businesses like Siemens and Unilever as well as newer tech companies such as Anthropic and ElevenLabs. Pigment, which leverages AI in its offering,