Paris-based Naboo raises $70 million in Series B funding to accelerate expansion

Paris‑based event‑tech startup Naboo has raised $70 million in a Series B funding round led by Lightspeed Venture Partners to support its expansion into the U.S. and global markets, enhance its AI‑powered corporate events procurement platform and broaden its product capabilities. The funding follows a €20 million Series A and is part of the company’s plan to move beyond events into adjacent corporate procurement categories.

$70 million boost fuels Naboo’s global expansion

Naboo’s Series B round was led by Lightspeed Venture Partners, with participation from existing investors Notion Capital, ISAI and Ternel. The funding marks a significant step for the startup, which was founded in 2022 and has quickly built a presence across Europe and North America.

The company’s platform uses AI‑driven automation to help large enterprises source, plan and manage corporate events through a unified interface. Its technology aims to replace more fragmented and manual approaches that are common in corporate event procurement.

Since the Series A round a year ago, Naboo has expanded into the U.S. market and opened offices in several cities, including New York, Barcelona, Hamburg, and Montreal. The Series B funds are intended to accelerate this expansion by scaling the company’s U.S. go‑to‑market strategy and supporting additional strategic hires across product, engineering and sales teams.

Additionally, the company plans to broaden its reach beyond events into what it calls “tail spend” procurement, smaller, decentralised corporate purchases that are often harder to manage and track but can represent significant organisational costs. The new capital will help build out features to address these broader procurement needs.

Series B funding backs Naboo’s AI-driven global expansion

Naboo’s platform has attracted enterprise clients including BCG, Capgemini, Amazon, Google and Microsoft, reflecting adoption among organisations seeking greater control and transparency over events and related spending. The company reports strong growth since its launch, including significant business volume and expansion of its global footprint.

The global corporate events market is large and complex, with traditional processes often involving multiple suppliers, approvals and manual coordination. By introducing AI‑driven tools that centralise planning, booking and payment, Naboo aims to create efficiencies, reduce administrative burdens and deliver cost and compliance benefits for large organisations.

The new funding also supports the company’s strategy to enhance its product suite and capability to serve adjacent corporate procurement use cases, leveraging AI to help companies optimise a broader set of decentralised spending categories.

The $70 million Series B funding round positions Naboo for its next phase of growth as it scales in the U.S. and strengthens its product offering. By combining AI‑powered automation with a unified event and procurement platform, Naboo is targeting a broader corporate spend market and seeking to elevate how enterprises plan and manage events and related purchases. The round underscores investor confidence in the company’s strategy and the demand for more integrated, technology‑driven procurement solutions