Lightspeed Venture Partners has led a $70 million Series B funding round for Naboo, a rapidly growing corporate events platform, to support its international expansion and technological enhancements in the evolving AI-driven market.

Information on the target

Naboo, founded in 2022 by Maxime Eduardo, Antoine Servant, Lucien Bredin, and Jean-Louis Villeminot, is a leading platform for booking, managing, and overseeing corporate events (MICE). In just three years, Naboo has established itself as a dominant player in the European market, collaborating with a quarter of the CAC 40 on exclusive contracts and partnering with global giants such as Google, Siemens, Meta, and Microsoft. The company has experienced exponential growth, tripling its revenue each year since inception, and has raised a total of $100 million over the past three years, including a recent Series B funding round of $70 million led by Lightspeed Venture Partners.

Industry overview in the target’s specific country

The global corporate events market is valued at approximately $400 billion and is undergoing a significant transformation driven by advancements in artificial intelligence (AI). This transformation is particularly evident in the rise of client and partner-focused events, such as conferences and product launches, which are considered strategic expenditures for corporations worldwide. As companies increasingly prioritize these events, the demand for innovative solutions that streamline event management and procurement processes has surged.

In France, the corporate events sector has been rapidly evolving, with a growing emphasis on technology-driven solutions that enhance efficiency and reduce costs. Companies are seeking to leverage AI to optimize their event planning and e