Paris-based event-tech startup Naboo has secured $70 million in a Series B funding round led by Lightspeed Venture Partners, with participation from Notion Capital, ISAI, and Ternel. The investment comes just a year after the company closed a $23.6 million Series A, highlighting rapid investor confidence in its growth strategy. The fresh capital will support international expansion and the development of new AI-driven procurement tools.
From event booking to procurement infrastructure
Founded in 2022, Naboo initially focused on simplifying corporate event planning through an all-in-one platform covering venues, catering, transportation, and activities. The company has since positioned events as an entry point to a broader procurement ecosystem targeting fragmented “tail-spend” categories across large organisations. This segment includes expenses such as seminars, travel, and service providers that are often difficult to track and manage using traditional finance tools.
Market opportunity and enterprise adoption
Corporate events represent a global market worth hundreds of billions of dollars, yet the procurement process remains largely manual and inefficient. Naboo addresses this challenge with an AI-powered platform that centralises supplier sourcing, automates tenders, and consolidates payments. The company reports adoption by major enterprises, including Meta, Google, Microsoft, Amazon, and several CAC 40 firms.
Strong growth and international footprint
The funding follows a period of rapid growth for the company, which says it has tripled its year-over-year performance and reached around $150 million in business volume. Naboo has expanded across multiple European markets and entered North America, establishing offices in Montreal and London. It now plans to accelerate its U.S. presence with a new hub in New York.
Product roadmap and AI ambitions
With the new capital, Naboo aims to extend its platform beyond events into a broader AI-driven procurement solution. Planned features include an automated booking agent, integrated corporate payment tools, and AI systems to manage tenders and supplier negotiations. The company believes these capabilities can reduce corporate spending and improve compliance across complex procurement processes.
Vision for the next phase
Naboo’s leadership says the long-term goal is to build a global infrastructure that combines procurement efficiency, automation, and compliance for large enterprises. The company plans to triple revenue in 2026 and surpass $1 billion in business volume by 2027. By expanding beyond events into adjacent spending categories, Naboo is positioning itself as a broader enterprise procurement platform powered by artificial intelligence.
The $70 million Series B marks a significant milestone in Naboo’s evolution from an event-booking platform into a wider procurement technology provider. As enterprises look to streamline complex spending categories, the startup is betting that AI-driven automation will reshape how organisations manage indirect expenses. With strong investor backing and growing enterprise adoption, Naboo is entering a new phase focused on global scale and product expansion.