Event Platform Naboo Raises $70M, Targets  Bigger Role in Procurement

Naboo, a French corporate events and offsite booking platform, 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. The company said the money will help it expand beyond event management and build a broader platform for enterprise purchasing, not just a tool for booking venues and off-sites.

From event planning to procurement control

Naboo says it wants to become a “tail-spend” procurement platform. Tail spend is procurement-speak for the many smaller, scattered purchases a big company makes across many suppliers—often hard to track, control, or standardize.

That matters in travel and meetings because off-sites usually mix event needs with travel-adjacent spend, such as hotels, ground transport, activities, and supplier payments. If more of that spending moves into one controlled workflow, it can mean tighter approvals, better reporting, and fewer messy invoices.

Building a New York base to grow partnerships

Naboo said it will open a hub in New York City to scale its US go-to-market effort and deepen partnerships. It also flagged product work on AI agents to automate booking steps, as well as payment centralization, allowing companies to pay suppliers in a more consistent, trackable way. For background, the company raised a €20 million ($24 million) Series A led by Notion Capital in January 2025.

Photo by Jaime Lopes on Unsplash