Paris-based Naboo, an AI-powered corporate events (MICE) procurement platform, has secured a $70 million Series B led by Lightspeed Venture Partners, with participation from existing investors Notion Capital, ISAI, and Ternel.
- Founded in 2022 by Maxime Eduardo, Antoine Servant, Lucien Bredin, and Jean-Louis Villeminot, Naboo builds an AI-driven procurement platform for corporate events. Its tools allow organisations to source venues and service providers, manage bookings, consolidate invoices, and handle payments for meetings, conferences, incentives, and internal events through a single system.
- The platform combines software with in-house operational teams to automate quotes, manage tenders, and enforce procurement and compliance rules.
- Used by large international companies, Naboo has processed over $500 million in event procurement, works with more than 50,000 venues and suppliers, and supports events across Europe and North America.
- The company employs around 200 people across six offices, including New York, Montreal, Hamburg, and Barcelona, and uses its platform to manage “tail-spend” procurement, where fragmented suppliers, manual processes, and limited visibility make cost control difficult.
Details of the deal
- With the new funding, Naboo plans to develop an AI booking agent, consolidate payments, manage sourcing and RFPs, expand into other procurement categories, and grow its international team.
“This $70M Series B gives us the means to define the global standard for AI-powered event procurement. New York is a major milestone, we’re accelerating in the US and scaling a global solution that’s already being adopted by some of the world’s best companies," claims Maxime Eduardo, CEO and co-founder of Naboo.
