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

French software startup Pigment SAS 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 Eléonore Crespo said in an interview. The only new entrant was Sandberg Bernthal Venture Partners, the fund from former Meta executive Sheryl Sandberg and her husband Tom Bernthal.

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 ...