Naboo secures $21M for its concierge-style corporate event booking platform

If you ever try to book a venue for an organization’s event you will find out how hard it can be. You have to contact multiple vendors, wait for quotes, evaluate them, see if you can get a good deal and then all are approved. So it realizes that companies can take shortcuts to AirBNB or Booking.com, depending on the size of the group, or working with an agency.

French Startup Nabu Corporate is trying to bring more visibility to this fragmented market with AirBNB-SK Marketplace for retreat, which are bundles in other services such as catering, activities and transportation in addition to housing.

The agency also offers Sauce It serves as a platform for all rat events (minimal for meetings, incentives, conferences and exhibitions, these are large -sized assembly of human beings). The platform basically allows its large corporate clients to define their collection principles, create approval work, to manage, manage and pay payment, and to define more.

Having an all-one-marketplace probably helps the company sell its platform to large corporate clients. Public business organizations constantly look for platforms that focus on all expenditure around certain categories so they can set the budget and see if they spend extra money.

The strategy seems to be working: Nabu says its booking fragments stood up to $ 15 million from $ 60 million to $ 60 million a year ago. Now, it is a marketplace, so most of those bookings are being captured by its accommodation and catering partners, but the company tells TechCrunch that its average is 17% -12% from the suppliers and 5% more from clients. -6%. Nabu earned about 10 million dollars in 2024.

The agency says that 10% of French public companies listed on the CAC 40 index have used its platform and have 10 agreements that produce more than $ 1 million in the volume of booking every year. Some of these clients include Google, Society Ganer, Bholia, Rkema, Thales and Kunto.

Startup recently extended the round in a € 20 million (about $ 21 million) series led by concept capital. Significantly, the round at the series comes just 11 months after it SeedThe

With the new money, startup wants to automatically automatically automatically done some manual tasks conducted by its project managers. It has 140 people with 20 freelancers with its roster.

The company starts with the UK, where the product is already live, starts to expand in other countries. The country already represents 10% of the revenue of the Nabu and obviously things are going well.