France-based Naboo raises €7.5M for European expansion of its corporate booking platform

Paris-based Naboo, a corporate offsite booking platform, announced that it has secured €7.5M to shake up the corporate seminar market. The funding came from investors including ISAI, Kima Ventures, Better Angle, and its historical partners CapHorn and Maif Avenir.

Since 2022, the company claims to have transformed the industry with its one-stop-shop platform, offering instant bookings for all corporate offsite needs. Accommodations, workspaces, catering, activities, transportation, and finer details are all covered, propelling Naboo’s profitable growth.

A platform dedicated to businesses

Founded in 2022 by Maxime Eduardo, Antoine Servant, Lucien Bredin and Jean-Louis Villeminot, Naboo challenges the traditional B2B event market with technological innovation, addressing the growing demand for simplicity and transparency.

In contrast to the prevalent quoting system in the B2B event industry, Naboo introduces an approach akin to Booking and Airbnb in B2C travel. Their platform enables companies to book a comprehensive seminar with a fixed, “no-surprise price”.

With a selection from over 2500 locations and 500 partners, encompassing venues, catering, activities, and transportation, Naboo offers a streamlined solution to the corporate events landscape.

Naboo focuses on the quality and uniqueness of its seminars, offering a curated selection of audited and certified locations and services. This curation ensures an optimal balance of quality and value, simplifying the comparison and booking process for organisers. 

By harnessing the capabilities of Data and Artificial Intelligence, Naboo enables scalable customisation and instantaneity for time and cost efficiency. 

This approach has already attracted major French and international companies, along with scale-ups, such as EDF, Payfit, Google, Chanel, Ikea, KPMG, Airbus, BCG, and more, who have experienced tailor-made stays through Naboo.

Funds to support growth

Founded in 2022, Naboo claims to have achieved a milestone, surpassing €1M in revenue in Q2 2023, just under a year after its official launch. 

With an Annualised Gross Booking Value exceeding €18M, Naboo, having initially secured €2M in early 2022, now received an additional €7.5M in funding to fuel ambitious growth and technological advancements.

The company will use the funds to focus on advancing its platform by integrating artificial intelligence components for a streamlined and efficient user experience and expanding its presence across Europe.

Maxime Eduardo, co-founder and CEO of Naboo, says, “We’re thrilled about the journey we’ve had since Naboo’s inception: over half of the CAC 40 companies have already turned to us for their seminars. What astonishes us the most is how quickly Naboo catches on among its clients once a team books a seminar.”

“What draws them in is the combination of ultra-customisation and the immediacy of booking, an experience we alone offer today. They’ve never encountered anything like it, turning them into our most vocal advocates.”

“This significant edge is made possible by AI and data, areas where we’ve decided to invest heavily with this funding round,” adds Eduardo.