Summary:
Naboo simplifies corporate event booking with an Airbnb-like marketplace.
The platform includes catering, activities, and transport services.
Booking volumes have quadrupled to €60 million in 2024.
Naboo has an average take-rate of 17%, generating around €10 million in revenue.
Recently raised €20 million in a Series A funding round to expand operations.
Streamlining Corporate Event Booking
Booking a venue for a corporate event can be a daunting task. Naboo, a French startup, aims to simplify this process with an Airbnb-like marketplace designed specifically for corporate retreats. The platform not only provides accommodation but also bundles in essential services like catering, activities, and transport.
Innovative SaaS Component
In addition to its marketplace, Naboo offers a SaaS component that caters to MICE events (Meetings, Incentives, Conferences, and Exhibitions). This platform allows large corporate clients to define their procurement policies, create approval workflows, and manage invoices and payments effectively.
Impressive Growth Metrics
Naboo’s strategy appears to be paying off, with booking volumes quadrupling to €60 million in 2024, up from €15 million the previous year. The company retains an average take-rate of 17%, generating approximately €10 million in revenue for the same year. Notably, 10% of French public companies listed on the CAC40 index have utilized its services, including major players like Google and Société Générale.
Recent Funding and Future Plans
Recently, Naboo secured a €20 million (around $21 million) Series A round led by Notion Capital, just 11 months after its seed funding. The startup plans to use this funding to automate manual tasks currently managed by its 140-strong team and expand into new markets, starting with the U.K., which already contributes 10% of its revenue.
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