Naboo has raised $70 million in Series B funding, led by Lightspeed Ventures Partners, with participation from Notion Capital, ISAI, and Ternel, as it accelerates its evolution from an events-focused platform into a broader AI-led procurement player. The funding marks a significant step in Naboo’s ambition to redefine how businesses manage tail-spend procurement at scale.The fresh capital will be used to scale Naboo’s procurement platform, roll out agentic #AI capabilities for automated bookings and payments, and support international expansion, including the launch of a New York hub to fuel U.S. growth. According to CEO and co-founder Maxime Eduardo, the company is targeting $1 billion in business volume by 2027, signalling aggressive expansion plans.
Strategically, Naboo’s move reflects a growing opportunity in tail-spend automation, an area often fragmented, manual, and underserved by traditional procurement systems. By applying agentic AI to complex workflows like vendor selection, booking coordination, and payments, Naboo aims to deliver efficiency, control, and scalability to enterprise procurement teams.Eduardo described the round as a milestone toward defining a global standard for AI-powered event procurement, positioning Naboo at the intersection of AI, finance, and enterprise operations. The expansion beyond events suggests a broader vision to own repeatable, high-frequency procurement use cases across industries.
Overall, the funding highlights rising investor confidence in AI-driven enterprise infrastructure, as platforms like Naboo seek to turn operational complexity into automated, intelligent systems built for global scale.
