AI for event sourcing
Lightspeed Venture Partners highlighted Naboo, an AI‑driven platform that streamlines corporate event sourcing and management and that is pitching enterprise wins on a podcast. The platform model points to faster RFP responses and tighter vendor discovery—useful context for selling team‑building packages to corporate buyers. (x.com)
Corporate event buying is still weirdly manual in 2026. A company can book cloud software in minutes, then spend days emailing hotels, caterers, and activity vendors just to plan a 40-person offsite. (naboo.app) That bottleneck is what Naboo is selling against. On February 10, 2026, the Paris-based startup said it raised a $70 million Series B led by Lightspeed Venture Partners to build what it calls an artificial intelligence-powered event procurement platform. (naboo.app) Naboo is not pitching itself as a prettier travel website. Its pitch is that corporate events are a procurement problem, which means approvals, policy checks, supplier comparisons, payments, and reporting all have to work together. (naboo.app) That distinction matters because event spend is usually scattered across teams. Naboo says large companies struggle to standardize events because requirements change fast, multiple vendors have to coordinate, compliance rules are strict, and payments are fragmented. (naboo.app) The product bundles venue sourcing, vendor sourcing, concierge support, event planning, corporate cards, accounts payable, and procurement controls into one system. On its site, Naboo says it has optimized more than $500 million in event procurement. (naboo.app) The company is also leaning hard on speed. Tech.eu reported that Naboo combines software with operational support to offer transparent pricing, instant quotes, and coordinated execution instead of the slower agency model many companies still use. (tech.eu) Lightspeed’s bet is landing at a moment when companies are treating events less like office perks and more like revenue tools. Naboo said the global corporate events market is about $400 billion, with more spending flowing to conferences, product launches, and partner events. (naboo.app) Naboo’s numbers are the kind venture firms like to quote out loud. The company said it has handled $150 million in transaction volume, grown three times year over year for three straight years, kept churn at 0 percent among corporate customers, and won more than 90 percent of large enterprise requests for proposal. (naboo.app) Its customer list shows where it wants to live in the market. Naboo has named Meta, Google, Microsoft, Amazon, HubSpot, Figma, BCG, and Capgemini as users, and its public case blurbs include team events ranging from 10 attendees to 100 attendees. (naboo.app) (businesstravelnews.com) (naboo.app) The United States is the next test. Naboo said the funding coincided with a New York office opening after Montreal, and Business Travel News reported that more than 10 percent of its revenue came from the United States within five months. (naboo.app) (businesstravelnews.com) The longer-term plan goes past offsites and conferences. Tech.eu and Business Travel News both reported that Naboo wants to expand into adjacent “tail spend” categories, which is corporate shorthand for the messy pile of smaller purchases that are too frequent to ignore and too fragmented to manage by hand. (tech.eu) (businesstravelnews.com) So the story is bigger than one startup raising one round. If Naboo can turn event sourcing into something that feels more like booking freight or buying software licenses, then team-building vendors, venues, and planners will be selling into a faster, more centralized buying machine. (naboo.app) (tech.eu)
