Naboo Secures $21M to Revolutionize Corporate Event Booking
Corporate Event Planning Just Got a Major Upgrade
Ever tried booking a venue for a company event? If you have, you know it’s a nightmare. Endless emails, back-and-forth quotes, approvals, and the constant fear of overspending. It’s enough to make you want to throw in the towel and just book on Airbnb. But French startup Naboo is here to change the game.
Naboo is shaking up the corporate event space with its Airbnb-esque marketplace, designed specifically for corporate retreats. But it’s not just about booking a venue—Naboo bundles everything you need: accommodation, catering, activities, and transport. Think of it as your one-stop shop for corporate event planning.
“Naboo is transforming the way companies approach event planning. Their platform is a game-changer for large-scale corporate gatherings.”
TechCrunch
Why Naboo is a Corporate Event Planner’s Dream
Naboo isn’t just a marketplace—it’s a full-blown SaaS platform for managing MICE events (Meetings, Incentives, Conferences, and Exhibitions). Here’s what makes it stand out:
- Centralized Procurement: Define budgets, set approval workflows, and track spending in one place.
- Seamless Payments: Manage invoices and payments effortlessly.
- Transparency: See exactly where your money is going and avoid overspending.
And the results speak for themselves. In 2024, Naboo’s booking volumes quadrupled to €60 million, up from €15 million the year before. With an average take-rate of 17%, the company generated around €10 million in revenue last year.
Big Names, Big Impact
Naboo isn’t just for small businesses. It’s already trusted by 10% of French public companies listed on the CAC40 index, including giants like Google, Société Générale, Veolia, Arkema, Thales, and Qonto. With 10 contracts generating over €1 million in booking volume annually, Naboo is clearly making waves.
What’s Next for Naboo?
Fresh off a €20 million Series A round led by Notion Capital, Naboo is ready to take things to the next level. Here’s what’s on the horizon:
- Automation: Streamlining manual tasks currently handled by project managers.
- Global Expansion: Starting with the U.K., where the platform is already live and accounts for 10% of revenue.
With 140 employees (including 20 freelancers) and a product that’s already winning over major corporations, Naboo is poised to dominate the corporate event planning space. The future of corporate retreats? It’s looking bright.