Home Private Equity Sheryl Sandberg’s Fund Backs Pigment in $145 Million Round (1)

Sheryl Sandberg’s Fund Backs Pigment in $145 Million Round (1)

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French software startup <-bsp-bb-link state=”{“bbHref”:”bbg://securities/1940066D%20FP%20Equity”,”_id”:”0000018e-a82d-d896-a1af-fefdf1780000″,”_type”:”0000016b-944a-dc2b-ab6b-d57ba1cc0000″}”>Pigment SAS-bsp-bb-link> is said to be the country’s newest unicorn after raising $145 million in venture capital, 10 months after its last financing.

The round mostly comprised Pigment’s existing investors, co-Chief Executive Officer <-bsp-person state=”{“_id”:”0000018e-a82d-d896-a1af-fefdf17d0000″,”_type”:”00000160-6f41-dae1-adf0-6ff519590003″}”>Eléonore Crespo-bsp-person> said in an interview. The only new entrant was Sandberg Bernthal Venture Partners, <-bsp-bb-link state=”{“bbDocId”:”S3RALRDWRGG0″,”_id”:”0000018e-a82d-d896-a1af-fefdf17e0000″,”_type”:”0000016b-944a-dc2b-ab6b-d57ba1cc0000″}”>the fund-bsp-bb-link> from former Meta executive Sheryl Sandberg and her husband <-bsp-person state=”{“_id”:”0000018e-a82d-d896-a1af-fefdf17e0002″,”_type”:”00000160-6f41-dae1-adf0-6ff519590003″}”>Tom Bernthal-bsp-person>.

Sheryl Sandberg, former chief operating officer of Meta Platforms Inc., and Tom Bernthal.

Photographer: David Paul Morris/Bloomberg

“There’s a cohort of Silicon Valley investors that are following us quite closely,” said Crespo. The company has raised $393 million to date, and the new round values Pigment above $1 billion, according to …

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