If you ever try to reserve a place for the company’s event, you will know how it could be a stressful task. You must contact multiple sellers, wait for quotations, evaluate them, and see if you can get a good deal, then get all that has been approved. So it is logical that based on the size of the group, companies may take the abbreviation to Airbnb or Booking.com, or work with an agency.
The French Naboo operation is trying to provide more vision in this fragmented market through the Airbnb-SQUE market for companies’ decline, as well as residence, and packages in other services such as food, activities and transportation.
The company also provides a file SAAS component This is a platform for all mice events (short for meetings, incentives, conferences and exhibitions, these are large -scale pools for people). The platform mainly allows its adult customers to identify their purchasing policies, create a workflow, and to manage bills and payments, and more.
It is possible that the presence of the whole company in the company will help by selling its platform to adult companies customers. The companies circulating publicly are constantly looking for platforms that focus all spending around a specific category so that they can put budgets and know if they are in excess spending.
It seems that the strategy is working: Nabo says that reservation volumes decreased to 60 million euros in 2024 from 15 million euros in the previous year. Now, this is a market, so most of this reservation value is captured by residence and catering partners, but the company told Techcrunch that its average price is 17 % -and it takes 10 % to 12 % of service providers and another 5 % -6 % of customers . Nabo achieved revenues of about 10 million euros in 2024.
The company said that 10 % of the French public companies listed in the CAC40 index have used its platform, and it has 10 contracts that generate more than a million euros in the size of the reservation per year. Some of its customers include Google, Société Générale, Veolia, Arkema, Thales and Qonto.
The startup recently raised a 20 million euros (about $ 21 million) tour led by Capital Capital. It is worth noting that the series of series A comes only 11 months after its seed round.
With new funds, you want to start automating some of the manual tasks currently being dealt with by project managers. She has 140 people on her list, including 20 independents.
The company also plans to expand in other countries, starting from the United Kingdom, where the product is already direct. The country is already represented by 10 % of Naboo revenues, and it appears that things are going well.
