Industry Newsprocurement platformcorporate eventsnabootail spend
Naboo Raises $70M To Scale Procurement Platform
7.2
Paris-headquartered Naboo has raised $70m in a Series B round led by Lightspeed Venture Partners to accelerate its AI-powered procurement platform for corporate events. Founded in 2022, the company opened a London office in 2025 and is opening a New York hub for US expansion; it aims to triple revenue in 2026 and exceed $1bn in business volume by 2027 while expanding into tail spend.
Key Points
- 1Raised $70m Series B led by Lightspeed, positioning Naboo to scale its AI procurement platform.
- 2Targets corporate events and tail spend in a fragmented $400bn global events and procurement market.
- 3Enables enterprises to centralize measurable event spend, informing procurement and finance teams across regions.
Scoring Rationale
Official Series B funding and US expansion boost credibility and relevance, but limited technical novelty beyond market positioning.
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