French corporate events specialist Naboo has raised $70 million in Series B funding.
The round was led by Lightspeed Venture Partners, with participation from existing investors Notion Capital, ISAI and Ternel.
Naboo said the additional capital will be used to expand beyond events to become a “global ‘tail-spend’ procurement platform.” Funding will also go toward projects such as agentic artificial intelligence (AI)-powered booking and payment centralization.
The company announced plans to expand to North America as well, opening a hub in New York to scale its U.S. go-to-market strategy, support existing partners’ international rollouts and strengthen U.S. partnerships.
“This $70 million Series B gives us the means to define the global standard for AI-powered event procurement,” said Naboo CEO and co-founder Maxime Eduardo.
“Our mission is clear: to provide large enterprises with an infrastructure that combines purchasing performance, compliance and automation on a global scale. New York marks a new and exciting milestone for Naboo: We are accelerating in the U.S. and rapidly scaling a global platform.”
Naboo is recruiting in Paris, Hamburg, Barcelona, Montreal and New York, an effort that will help achieve its goals of tripling revenue this year and exceeding $1 billion in business volume in 2027, the company said.
Founded in 2022, Naboo raised €20 million in Series A funding led by Notion early last year.