Event tech start-up Naboo has raised $70 million to support the Paris-based company’s expansion into the U.S. market.
The
Series B funding round was led by Lightspeed Venture Partners, with
participation from existing investors Notion Capital, ISAI and Ternel.
This comes a year after Naboo, which was founded in 2022, announced a
€20 million Series A funding round last January.
The
AI-powered event platform provides venue sourcing, event planning and
centralized payment tools for enterprise clients including BCG,
Capgemini, Amazon, Google and Microsoft.
With offices in
Paris, Barcelona, Hamburg, London, Montreal and most recently New York,
Naboo plans to use the new funding to “rapidly scale the U.S. go-to-market
strategy” and power "a new growth phase."
The company is
preparing for a series of executive hires in 2026, such as a chief
operating officer, HR lead, and engineering and marketing directors, as
well as recruiting key account managers across all its office locations.
The
additional funding will also allow Naboo to broaden its reach beyond
events, targeting adjacent procurement categories and helping corporates
manage "tail spend," the company said.
Since its launch,
the company reports $150 million in business volume, with consistent
year-on-year growth and a success rate of more than 90 per cent on major
tenders. Naboo aims to triple its revenue in 2026 and surpass $1
billion in business volume by 2027.