tech
February 10, 2026
Naboo raises $70M for an AI-powered event procurement platform
Paris-headquartered Naboo has raised a $70m in Series B as it accelerates its ambition to become the operating layer for how large companies plan, book, and control corporate events. The round is led by Lightspeed Venture Partners, the same investor that backed Mistral AI in 2023, and lands just a year after Naboo closed a €20m Series A.
TL;DR
- Naboo raised $70 million in Series B funding, led by Lightspeed Venture Partners.
- The company's AI-powered platform simplifies planning, booking, and control of corporate events.
- Naboo aims to become the operating layer for corporate event management for large companies.
- The platform addresses the fragmented and manual nature of traditional event procurement.
- Naboo plans to expand its platform to include 'tail spend' management.
- The company is expanding globally with a new hub in New York.
- Naboo targets ambitious revenue growth and business volume by 2026 and 2027.
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