Paris-based event tech startup Naboo has raised $70 million in a Series B funding round led by Lightspeed Venture Partners, as companies increasingly look to automate and centralize event-related spending.
The round includes participation from existing investors Notion Capital, ISAI, and Ternel. The raise comes just one year after Naboo announced a $28.8 million Series A and its expansion into the North American market.
Founded in 2022, Naboo provides large enterprises with an AI-powered platform for booking, managing, and optimizing corporate event spending across venues, catering, hotels, transportation, ticketing, and payments. The company said the new capital will be used to accelerate product development, including the rollout of an AI agent that allows companies to book events independently and instantly.
“Our mission is clear: to provide large enterprises with an infrastructure that combines purchasing performance, compliance, and automation on a global scale,” said Maxime Eduardo, CEO and co-founder of Naboo.
Procurement Meets Event Planning
Event management and procurement have traditionally relied on manual processes and fragmented vendor relationships. Naboo’s platform centralizes sourcing, contracting, and payments while integrating into clients’ existing workflows and technology stacks.
The push comes as companies face increased scrutiny around discretionary spending, compliance, and supplier diversity across meetings and events.
A key focus of the platform is reducing costs by helping companies use AI to compare supplier bids and negotiate pricing.
The company is also introducing a corporate payment card designed specifically for events, aimed at simplifying and centralizing payments across suppliers and geographies.
“Event planning is one of those categories where AI can have an immediate, end-to-end impact,” said Itxaso del Palacio, general partner at Notion Capital. “From sourcing and negotiating with suppliers to automating attendee communication, AI removes significant friction from a historically manual process.”
Rapid Growth and Ambitious Targets
Naboo said it has reached a valuation of approximately $150 million just three years after launch. The company has 180 employees across eight countries and counts Google, Siemens, Meta, and Microsoft among its clients.
The startup reported more than $119 million in revenue in 2025 and aims to triple it this year. Naboo’s longer-term target is to exceed $1 billion in business volume by 2027.
With this latest round, Naboo has raised roughly $119 million over the past three years, underscoring growing investor interest in AI-driven platforms that address the complexity and scale of enterprise meetings and events.
