The company Naboo, which is based in Paris has just finished getting a lot of money from investors. They got 58.7 million euros, which’s about 70 million dollars. This is a deal for Naboo because they want to use this money to make big changes to how companies plan events and spend money. They want to use intelligence to make things easier and more automatic for companies, like these. Naboo is really trying to make a difference in the way companies do things especially when it comes to planning events and spending money on things.
The round was led by Lightspeed Venture Partners, a known American company that helps new businesses, especially those that work with technology. They got help from people who already invested money in the company like Notion Capital, ISAI and Ternel.
A New Phase of Growth for a Fast-Scaling Startup
Naboo was started in 2022 by Maxime Eduardo, Antoine Servant, Lucien Bredin and Jean-Louis Villeminot. They made Naboo to help big companies plan, book and manage events, which are also called MICE events. This includes Meetings, Incentives, Conferences and Exhibitions. Naboo has everything in one place: tools to help with event planning people to help with anything you need and computers that automatically do some tasks for you. This makes it easier for companies to manage their events like Meetings and Incentives and Conferences and Exhibitions which are all part of what Naboo does, for corporate events.
Naboos platform makes it easy for companies to plan events. Old ways of planning events are a hassle. Companies have to deal with lots of spreadsheets and different vendors. They have to use services that do not work well together. Naboos platform changes this. It helps companies from start to finish.
Naboos platform does a lot of things. It helps companies find venues. It gives them support when they need it. Companies can use cards for business. The platform also helps companies approve and buy things. It even handles payments. All of this means that companies have control over their event spending. They can see what is going on and plan better. Naboos platform makes event planning more efficient, for companies.
What This Round Means
The CEO of Naboo, Maxime Eduardo says that the new money will help Naboo do more, than events. Naboo will now help companies manage the purchases they make every day. These are the kinds of purchases that happen over a big company but nobody really keeps track of them. Naboo wants to help companies keep track of these purchases and make them more efficient.
Naboo also wants to get bigger in countries especially in the United States and North America. They plan to do this by working out of their office in New York.
The company is doing well. They have made a lot of money €125.8 million, which’s about $150 million from their business so far. This is an increase from what they made in the past. Over the three years the company has gotten much bigger, about three times bigger each year. One good thing about Naboo is that they have kept all of their big business clients. None of them have left. Naboo has some big and important clients, like Meta, Google, Microsoft and Amazon who use their services.
Strategic Priorities Ahead
Naboo is going to use this Series B funding to speed up a few plans. The company Naboo wants to make some moves with the help of this Series B funding and that is why Naboo is going to push forward with these plans. Naboo has things that Naboo wants to do and this Series B funding will help Naboo do them faster.
Deploy specialized AI agents to automate event procurement and optimize tender processes,
Introduce corporate payment tools integrated into enterprise workflows,
Expand its platform into adjacent corporate spending categories beyond events,
Scale talent acquisition — especially in AI/data engineering, product leadership and global sales roles.
Naboo is a company that works in 8 countries. They have 180 people who work for them. The people at Naboo want to make a lot money. They think they can make three times money by 2026. Naboo is also trying to do a lot of business. They want to do over 1 billion euros in business by 2027. Naboo has plans, for the future.
This latest round marks a key milestone for Naboo as it continues transforming how large enterprises manage events and procurement — moving away from siloed tools toward a cohesive, AI-enabled operating system.
