If you have tried to book a company event venue, you can see how troublesome it is. You need to contact multiple vendors, wait for an estimate, evaluate them, to check if you can get a considerable transaction, and then get all the approved ones. Therefore, it makes sense for companies to take shortcuts on Airbnb or Booking.com, depending on the size of the group.
French startup NABOO is an Airbnb -style market for corporate retreat in addition to accommodation facilities, activities, and transportation, and to bring more visibility to this fragmented market. I am.
The company also offers a SaaS component that functions as a platform for all mouse events (abbreviation for conferences, incentives, conferences, and exhibitions, these are a group of large -scale people). With this platform, basically, clients of large companies define the procurement policy, create approval workflows, and manage invoices and payments.
Having an all -in -one marketplace can help the company sell platforms to large companies. Published companies are always looking for platforms that concentrate all spending over specific categories.
The strategy seems to be working. NABOO says that in 2024, it has been reserved to 60 million euros from 15 million euros in the previous year to 60 million euros. At present, this is a market, and most of its reservations are captured by the accommodation and catering partners, but the company has reported that TechCrunch has a 17 % average takeclate. 5 % to 6 % from the client. NABOO produced about 10 million euros in 2024.
The company stated that 10 % of the French public companies listed in the CAC40 index use platforms and have 10 contracts for more than 1 million euros per year. The client contains Google, Sociétégégénérale, Veolia, Arkema, Thales, and Qonto.
Startup has recently raised the 20 million euros (about $ 21 million) series A -round, led by conceptual capital. In particular, the Series A round will be held only 11 months after that kind of round.
With new money, startups want to automate some manual tasks currently being processed by project managers. 140 people, including 20 free lancers, are on the list.
The company plans to expand to other countries, starting from the United Kingdom, which has already been released. The country is already 10 % of Naboo's revenue, and things are clearly progressing steadily.