Naboo, a Paris-based EventTech startup, today announced that it has completed a new €58.7 million ($70 million) Series B round to expand its AI procurement platform beyond events to cover the “tail spend” (Class C spending) of companies.
The round was led by Lightspeed Venture Partners, with participation from the company’s existing investors Notion Capital, ISAI, and Ternel. This funding comes one year after the company announced a €20M Series A funding round and expanded into the North American market.
“This $70 million (€58.7 million)Series B gives us the means to define the global standard for AI-powered event procurement. Our mission is clear: to provide large enterprises with an infrastructure that combines purchasing performance, compliance and automation on a global scale. New York marks a new and exciting milestone for Naboo: we are accelerating in the United States and rapidly scaling a global platform,” commented Maxime Eduardo, CEO and co-founder of Naboo.
Founded in 2022 by Maxime Eduardo, Antoine Servant, Lucien Bredin, and Jean-Louis Villeminot, Naboo is a platform for booking, managing, and running corporate events (MICE). It aims to replace fragmented event tools and become the event Operating System built to give enterprises control, visibility and efficiency at scale.
Its offerings include venue sourcing, concierge, event planning via an app for organisers and participants, corporate cards, accounts payable, and procurement. According to Naboo, unlike outdated concierge models, it integrates AI-driven automation with high-touch service to remove administrative burdens, allowing its team to focus on delivering a tailored, high-end experience.
The company notes that the wider global corporate events market, estimated at €335.6 billion ($400 billion), is undergoing a major transformation due to AI, driven by the growth of customer and partner-oriented events (e.g. conferences, product launches), a strategic expenditure for many corporations across the globe.
It states that several large, well-known organisations, including Meta, Google, Microsoft, Amazon, HubSpot, Figma, and ElevenLabs, have been organically using its platform for their “most demanding” client and internal corporate event requirements. Naboo reports that to-date it has generated €125.8 million ($150 million) in business volume, achieved 3x year-over-year growth over the last three years, recorded 0% churn among its corporate clients, and recorded a success rate of over 90% on major account tenders. It claims to already work with a quarter of the French stock market (CAC) 40-listed companies, under exclusive contracts.
Outside France, the UK has become Naboo’s largest market following the launch of its London office in 2025, and has already secured clients such as KPMG and HSBC. Naboo has raised €100M over the past three years. It is also launching a new North American hub located in New York, following last year’s launch in Montreal. The company states that this new US base will allow Naboo to rapidly scale the US go-to-market strategy, support the international deployments of existing customers, and accelerate the strengthening of the local partner ecosystem in the US.
With this fresh capital, the company aims to accelerate several strategic projects, including enabling independent and instant booking with a specialised AI agent alongside its concierge service; centralising and simplifying all payments via its new corporate payment card integrated into clients’ existing workflows and tech ecosystem, and deploying specialised AI to manage tenders for events of all sizes to optmise savings, with the company stating potential savings of up to 30% of clients’ budgets. It also aims to expand to adjacent procurement categories.
“Event-driven procurement is an incredibly demanding area. Between vague requests, multiple providers, and compliance constraints to common issues with execution and payments; few areas involve such complexity. By delivering tangible value through the latest AI, Naboo has built a truly unique platform, capable of extending to other fragmented spending areas by large corporations, paving the way for the digitalisation of vast service markets previously inaccessible to new software,” said Antoine Moyroud, Lightspeed Venture Partners.
Naboo currently has nearly 180 employees across 8 countries. It plans to implement a strategic hiring plan in 2026 with openings for key accounts managers at all hubs, AI and data engineers in the Paris hub (the epicentre of Naboo’s R&D), and experienced leaders in crucial positions such as Chief Operating Officer, HR director, engineering director, and marketing director.
According to Naboo, these recruitments will support its goal of tripling its revenue in 2026 and exceeding one billion in business volume in 2027.
Read the orginal article: https://www.eu-startups.com/2026/02/paris-based-eventtech-startup-naboo-nabs-e58-7-million-series-b-a-year-after-e20m-series-a/
