Pigment's $250M Series E Values French Excel Rival at $2.3B
Pigment's $250M Series E Values French Excel Rival at $2.3B France has an Excel-killer, and this week it got the kind of money that usually only flows down Sand Hill Road. Pigment, the Paris-based enterprise planning software company, has raised $250 million at a $2.3 billion valuation — and the cheque wasn't led by a Silicon Valley giant. It was led by Brussels. Europe's own €5 billion Scaleup Europe Fund, managed by EQT, headed a round that also carries a planned investment from Nvidia, whose chief executive spent the past fortnight criss-crossing the continent declaring, whisky glass in hand, "I'm the biggest VC in Europe!" For a company whose stated mission is to replace Microsoft Excel and PowerPoint in the finance office, the symbolism is the whole story: Europe's sovereign-AI bet is walking straight onto Microsoft's home turf. The round was announced on October 21, 2026 — Bloomberg had broken the news ahead of the announcement. Pigment c...