Naboo, a French startup aiming to streamline the planning of corporate events, has raised a $70m Series B round led by US-based VC firm Lightspeed Venture Partners.
It comes one year after the company secured a €20m ($24m) Series A, in which time Naboo says it has seen fast growth, particularly in the UK and the US.
The Series B was entirely constituted of equity funding, with “a few million dollars” of secondary funding for the company’s early employees, says cofounder Maxime Eduardo. Investors included existing backers Notion Capital, ISAI and Ternel.
Eduardo declined to provide the company’s valuation but says less than 20% of shares were sold.
What does Naboo do?
Launched in 2022, Naboo has built a platform for enterprises to book, manage and run corporate events ranging from team-building gatherings to conferences and product launches.
Users can search and contract caterers, ticketing, hotels, venues and transportation. Eduardo says the company took inspiration from B2C platforms like Airbnb and Amazon.
“We allow our B2B clients to book in a few clicks any corporate event, with instant pricing,” he says. “We brought all the standards of the consumer experience into the corporate events world.”
According to Eduardo, thousands of businesses currently book their events through the platform. The company has also inked multi-year contracts with 30 large corporates, securing exclusive rights to organise events for these businesses.
For these long-term contracts, Naboo’s platform is mostly intended to help procurement teams.
“At corporates, the problem is scattered expenses across the organisation,” says Eduardo. “We give them visibility, centralisation and control of the spend.”
Naboo’s growth
According to Eduardo in 2025 Naboo secured just under $20m in revenues from both contracts and commission fees on the booking platform. Revenues have tripled every year for the past three years, he says.
The startup is present in eight countries including the UK, its second-biggest market representing up to 30% of revenues. Last year Naboo also launched in the US, where Eduardo says the company has seen “spectacular growth”.
The business is nearly profitable, he adds, with most costs incurred by research and development (R&D) functions. “Operations are highly profitable,” says Eduardo. “We still have €15m on our accounts from the €20m we raised last year.”
The Series C funding will enable the startup to double down on R&D, with a focus on developing AI tools such as agents to independently make bookings and optimisation of cost savings thanks to AI-powered data analytics.
Naboo currently has a team of 200 and plans to recruit another 100 employees this year across all geographies.
