Paris-headquartered Naboo has raised $70M in a Series B funding round led by Lightspeed Venture Partners, with participation from existing investors Notion Capital, ISAI, and Ternel. The funding comes just one year after the company’s €20M Series A and marks Naboo’s second major raise in twelve months.
The new capital will be used to accelerate Naboo’s global expansion, strengthen its AI-powered procurement infrastructure, and support the opening of a new North American hub in New York.
From European leader to global platform
Founded to modernise corporate event management, the company has quickly established itself as a market leader in Europe by applying AI to the booking, management, and optimisation of corporate events. The platform serves enterprises organising meetings, incentives, conferences, and exhibitions, helping them centralise suppliers, control spend, and ensure compliance.
Following a successful UK expansion in 2025, the UK has become Naboo’s largest market outside France, with clients including KPMG and HSBC. The company has also gained traction in North America, generating more than 10 percent of its revenue in just five months after entering the region.
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Operating in a $400B global market
The startup operates in the global corporate events market, estimated at $400B, which is undergoing rapid transformation driven by AI and the growing importance of customer- and partner-facing events.
To date, Naboo reports:
– $150M in business volume
– Three consecutive years of triple-digit growth
– Zero churn among corporate clients
– A tender win rate above 90 percent
The platform is also being adopted organically by global companies such as Meta, Google, Microsoft, Amazon, HubSpot, Figma, and ElevenLabs.
New York hub to scale US growth
Building on early US momentum, Naboo is opening a new office in New York, following its initial North American launch in Montreal. The New York hub will support US go-to-market efforts, enable international rollouts for existing customers, and strengthen Naboo’s local partner ecosystem.
Expanding beyond events into tail-spend procurement
With this round, Naboo plans to evolve from an events specialist into a broader AI-powered procurement platform. The company aims to extend its technology to cover enterprise tail spend, or Class C spending, an area characterised by fragmented suppliers, complex workflows, and limited visibility.
Planned platform developments include:
– AI agents enabling instant, autonomous booking alongside Naboo’s concierge service
– Centralised payments through a corporate card integrated into client workflows
– AI-driven tender management to optimise supplier selection and reduce costs by up to 30 percent
– Expansion into adjacent procurement categories with similar fragmentation and compliance challenges
Hiring to support rapid growth
To support its next phase, Naboo is recruiting across Paris, Hamburg, Barcelona, Montreal, and New York. Key hires planned for 2026 include senior leaders across operations, engineering, marketing, and HR, as well as key account managers and AI and data engineers. The company aims to triple revenue in 2026 and exceed $1B in business volume by 2027.
Founder and investor perspectives
Maxime Eduardo, CEO and co-founder of Naboo, said the Series B round enables the company to define a global standard for AI-powered event procurement and scale a unified infrastructure for large enterprises worldwide.
Lightspeed Venture Partners highlighted Naboo’s ability to translate complex AI into measurable operational value, while Notion Capital pointed to strong market pull and the immediate impact AI can have on modernising event planning and procurement workflows.
