Paris-based startup Pivot has secured $40 million in a Series B funding round, bringing its total funding since its 2023 launch to $70 million. The round was led by Forestay Capital and Notion Capital, with participation from Greyhound Capital and continued backing from existing investors including Visionaries Club, Emblem, and Hedosophia.
- Founded in 2023 by Marc-Antoine Lacroix, Romain Libeau, and Estelle Giuly, Pivot builds an AI-native operating system for enterprise procurement that replaces fragmented tools such as spreadsheets, email chains, and legacy procurement suites with a single, structured platform.
- The system connects the full procurement lifecycle, from intake and approvals to purchasing, invoicing, payments, vendor management, and reporting, by integrating directly with ERP and finance systems. It also adds agentic AI that automates routine work, provides real-time visibility into spending, and helps finance and procurement teams control costs while reducing manual effort across complex organizations.
“Pivot gives enterprises that visibility, reinforced by agentic AI that shifts the manual grind from a human burden to a machine burden. This funding lets us bring that approach to more customers, more markets, and more complex enterprise environments,” said Marc-Antoine Lacroix, co-founder of Pivot.
- Pivot currently operates in more than 25 countries, serving enterprise customers including DoorDash, Lemonade, and Flix, and processes around $3 billion in invoices annually.
Details of the deal
- The new funding will be used to scale Pivot’s AI procurement platform, expand into new enterprise markets, deepen ERP and financial system integrations, and accelerate development of its agentic AI capabilities to automate the procurement lifecycle end to end.
