Naboo Secures $70M to Redefine AI Procurement Beyond Events
February 16, 2026, 3:52 pm
Naboo, a Paris-based EventTech innovator, secured $70 million in Series B funding led by Lightspeed Venture Partners. This capital fuels its expansion of AI-powered procurement beyond corporate events into vast "tail-spend" categories. The platform, used by giants like Google and Meta, centralizes event management and now integrates AI agents, corporate cards, and enhanced tender systems. This strategic move aims to revolutionize enterprise purchasing, scaling its global infrastructure from Europe to a new New York hub.
Naboo, a burgeoning force in event technology, has secured a robust $70 million in Series B funding. This significant capital injection, led by Lightspeed Venture Partners, marks a pivotal moment. It propels the Paris-based firm into a new era. The company aims to redefine enterprise procurement. Its focus shifts beyond core corporate events. Naboo will tackle the sprawling "tail spend" market. This represents fragmented, high-volume, low-value purchasing. The funding round also saw participation from existing investors, including Notion Capital, ISAI, and Ternel.
Founded in 2022, Naboo built an all-in-one platform. It streamlines corporate event management. The platform centralizes venue sourcing. It handles catering, activities, and transportation. Naboo replaces fragmented tools. It offers transparent pricing and instant quotes. The system provides coordinated event management. This approach contrasts sharply with traditional agency models. It serves the MICE (Meetings, Incentives, Conferences, Exhibitions) segment. The platform aims to be the enterprise event operating system. It promises control, visibility, and efficiency at scale for organizations worldwide.
The global corporate events market is immense. It is valued at an estimated $400 billion. This sector undergoes profound transformation. Artificial intelligence drives much of this change. Corporate events, like conferences and product launches, are now strategic expenditures. They are no longer discretionary costs. Naboo integrates AI-driven automation. This enhances high-touch service. It eliminates administrative burdens. The team delivers tailored, high-end experiences for clients. This blending of tech and service positions Naboo uniquely.
Naboo shows impressive growth. It generated $150 million in business volume. The company achieved 3x year-over-year growth. This sustained for three consecutive years. Corporate client churn remains at zero. Major account tenders boast over 90% success rates. Leading global organizations leverage Naboo. Meta, Google, Microsoft, Amazon, HubSpot, Figma, and ElevenLabs are among its users. They rely on Naboo for demanding internal and client-facing events. Naboo also works with a quarter of French CAC 40 companies. It holds exclusive contracts with many. The company has raised a total of €100 million in three years.
Naboo expanded rapidly across Europe. Its presence in the UK is significant. London became home to an office in 2025. The UK now stands as Naboo's largest market outside France. Clients like KPMG and HSBC utilize its services. North American expansion accelerated. After launching in Montreal, a new hub opens in New York. This strategic US base will rapidly scale market strategy. It supports international client deployments. It strengthens the local partner ecosystem. This move underscores Naboo's global ambitions.
The new funding targets ambitious strategic projects. Naboo moves beyond its core event offerings. It develops a broader procurement platform. The focus shifts to "tail-spend" categories. These are fragmented spending areas. They feature complex supply chains. Multiple payment flows and compliance requirements exist. Naboo aims to digitalize vast service markets. These were previously inaccessible to new software solutions. Event-driven procurement is inherently complex. It involves vague requests, multiple providers, and compliance challenges. Naboo's platform delivers tangible value through AI.
Naboo plans a specialized AI-based booking agent. This will complement its existing concierge service. It enables independent and instant bookings. The company will roll out a new corporate payment card. This card integrates seamlessly into clients' existing systems and workflows. It centralizes and simplifies all payments. Advanced AI will manage tenders for events of all sizes. This improves cost efficiency dramatically. Potential savings reach up to 30% of client budgets. These initiatives enhance efficiency and control across the procurement lifecycle.
Naboo currently employs nearly 180 people. They operate across eight countries. The R&D epicenter remains in Paris. A strategic hiring plan is underway for 2026. Key account managers are sought for all hubs. AI and data engineers will join the Paris team. Experienced leaders will fill crucial positions. These include Chief Operating Officer, HR director, engineering director, and marketing director. These recruits will support aggressive growth targets. Naboo aims to triple its revenue in 2026. It forecasts exceeding €1 billion in business volume by 2027. The company sets a global standard for AI-powered procurement.
Naboo's latest funding round underscores its disruptive potential. It transitions from an event-tech leader to a broad AI procurement innovator. The company offers a global infrastructure. This combines purchasing performance, compliance, and automation. Its journey signals a significant shift. Businesses worldwide seek intelligent solutions for complex spending.
Naboo, a burgeoning force in event technology, has secured a robust $70 million in Series B funding. This significant capital injection, led by Lightspeed Venture Partners, marks a pivotal moment. It propels the Paris-based firm into a new era. The company aims to redefine enterprise procurement. Its focus shifts beyond core corporate events. Naboo will tackle the sprawling "tail spend" market. This represents fragmented, high-volume, low-value purchasing. The funding round also saw participation from existing investors, including Notion Capital, ISAI, and Ternel.
Founded in 2022, Naboo built an all-in-one platform. It streamlines corporate event management. The platform centralizes venue sourcing. It handles catering, activities, and transportation. Naboo replaces fragmented tools. It offers transparent pricing and instant quotes. The system provides coordinated event management. This approach contrasts sharply with traditional agency models. It serves the MICE (Meetings, Incentives, Conferences, Exhibitions) segment. The platform aims to be the enterprise event operating system. It promises control, visibility, and efficiency at scale for organizations worldwide.
The global corporate events market is immense. It is valued at an estimated $400 billion. This sector undergoes profound transformation. Artificial intelligence drives much of this change. Corporate events, like conferences and product launches, are now strategic expenditures. They are no longer discretionary costs. Naboo integrates AI-driven automation. This enhances high-touch service. It eliminates administrative burdens. The team delivers tailored, high-end experiences for clients. This blending of tech and service positions Naboo uniquely.
Naboo shows impressive growth. It generated $150 million in business volume. The company achieved 3x year-over-year growth. This sustained for three consecutive years. Corporate client churn remains at zero. Major account tenders boast over 90% success rates. Leading global organizations leverage Naboo. Meta, Google, Microsoft, Amazon, HubSpot, Figma, and ElevenLabs are among its users. They rely on Naboo for demanding internal and client-facing events. Naboo also works with a quarter of French CAC 40 companies. It holds exclusive contracts with many. The company has raised a total of €100 million in three years.
Naboo expanded rapidly across Europe. Its presence in the UK is significant. London became home to an office in 2025. The UK now stands as Naboo's largest market outside France. Clients like KPMG and HSBC utilize its services. North American expansion accelerated. After launching in Montreal, a new hub opens in New York. This strategic US base will rapidly scale market strategy. It supports international client deployments. It strengthens the local partner ecosystem. This move underscores Naboo's global ambitions.
The new funding targets ambitious strategic projects. Naboo moves beyond its core event offerings. It develops a broader procurement platform. The focus shifts to "tail-spend" categories. These are fragmented spending areas. They feature complex supply chains. Multiple payment flows and compliance requirements exist. Naboo aims to digitalize vast service markets. These were previously inaccessible to new software solutions. Event-driven procurement is inherently complex. It involves vague requests, multiple providers, and compliance challenges. Naboo's platform delivers tangible value through AI.
Naboo plans a specialized AI-based booking agent. This will complement its existing concierge service. It enables independent and instant bookings. The company will roll out a new corporate payment card. This card integrates seamlessly into clients' existing systems and workflows. It centralizes and simplifies all payments. Advanced AI will manage tenders for events of all sizes. This improves cost efficiency dramatically. Potential savings reach up to 30% of client budgets. These initiatives enhance efficiency and control across the procurement lifecycle.
Naboo currently employs nearly 180 people. They operate across eight countries. The R&D epicenter remains in Paris. A strategic hiring plan is underway for 2026. Key account managers are sought for all hubs. AI and data engineers will join the Paris team. Experienced leaders will fill crucial positions. These include Chief Operating Officer, HR director, engineering director, and marketing director. These recruits will support aggressive growth targets. Naboo aims to triple its revenue in 2026. It forecasts exceeding €1 billion in business volume by 2027. The company sets a global standard for AI-powered procurement.
Naboo's latest funding round underscores its disruptive potential. It transitions from an event-tech leader to a broad AI procurement innovator. The company offers a global infrastructure. This combines purchasing performance, compliance, and automation. Its journey signals a significant shift. Businesses worldwide seek intelligent solutions for complex spending.