News Summary

French startup Naboo has secured a $21 million Series A funding round, led by Notion Capital, to enhance its corporate event booking platform. The platform, which functions similarly to Airbnb, offers an all-in-one marketplace for corporate retreats, bundling services such as accommodation, catering, activities, and transport. Naboo also provides a SaaS component that helps corporate clients manage procurement policies, approbation workflows, invoices, and payments for MICE events. In 2024, Naboo’s booking volumes quadrupled to €60 million, with a 17% average take-rate. The startup plans to automate manual tasks and expand its operations, starting with the UK, which already accounts for 10% of its revenue.