Event tech platform Naboo raises $70M in Series B funding round

Event tech start-up Naboo has raised $70 million to support the Paris-based company’s expansion into the US market.

The Series B funding round was led by Lightspeed Venture Partners, with participation from existing investors Notion Capital, ISAI and Ternel. This comes a year after Naboo – which was founded in 2022 – announced a €20 million Series A funding round last January.

The AI-powered event platform provides venue sourcing, event planning and centralised payment tools for enterprise clients including BCG, Capgemini, Amazon, Google, and Microsoft.

With offices in Paris, Barcelona, Hamburg, London, Montreal and most recently New York, Naboo plans to utilize the new funding to “rapidly scale the US go-to-market strategy” and power “a new growth phase”.

The company is preparing for a series of executive hires in 2026, such as a chief operating officer, HR lead, and engineering and marketing directors, as well as recruiting key account managers across all its office locations.

The additional funding will also allow Naboo to broaden its reach beyond events, tarobtaining adjacent procurement categories and assisting corporates manage ‘tail spfinish’, the company stated.

Since its launch, the company reports $150 million in business volume, with consistent year-on-year growth and a success rate of more than 90 per cent on major tfinishers. Naboo aims to triple its revenue in 2026 and surpass $1 billion in business volume by 2027.

Source link