Naboo raises $70M from Lightspeed for AI-powered events procurement

Naboo, a Paris-based event-tech company, has successfully secured $70 million in a Series B funding round, led by Lightspeed Venture Partners, with notable participation from existing investors Notion Capital, ISAI, and Ternel. This significant investment follows a €20 million Series A round in early 2025 and marks a period of substantial growth, including Naboo's strategic expansion into the North American market. The funding underscores the increasing strategic importance of corporate events, driven by AI integration and the persistent growth of customer and partner-focused gatherings like conferences and product launches. Founded in 2022, Naboo offers an integrated platform designed to streamline the booking, management, and execution of corporate events across the MICE (Meetings, Incentives, Conferences, Exhibitions) sector. The platform centralizes critical elements such as venue sourcing, catering, activities, and transportation, providing a cohesive solution that contrasts with traditional agency models. By combining sophisticated software with operational support, Naboo delivers transparent pricing, instant quotes, and coordinated event management, aiming to enhance procurement efficiency and compliance for large organizations. Naboo's platform has seen widespread adoption among prominent international companies including Meta, Google, Microsoft, Amazon, and HubSpot, for both internal employee events and external client-facing functions. The company's vision, as articulated by CEO and co-founder Maxime Eduardo, is to build a global infrastructure that empowers large organizations with procurement efficiency, robust compliance, and automation capabilities. This latest funding infusion will fuel Naboo's evolution into a broader procurement platform, focusing initially on "tail-spend" categories characterized by fragmented spending and complex supply chains. The substantial capital raised will be instrumental in developing an AI-based booking agent to augment their existing concierge service, launching an integrated corporate payment card, and leveraging AI for tender management to drive cost efficiencies across events of varying scales. Naboo is also actively exploring diversification into adjacent procurement areas, seeking to address complexities in fragmented spending, supply chains, payment flows, and regulatory compliance, thereby solidifying its position as a key player in European digital procurement solutions.