EU-Startups’ Post

Pivot, a Paris-based startup building an AI operating system for procurement, today announced it has raised €34.4 million in a Series B funding round, bringing the company’s total funding to €60.2 million. 🇫🇷📊🤖 The oversubscribed round was led by Forestay Capital and Notion Capital, with participation from @Greyhound and procurement industry veterans, including the former Global VP Sales at Ariba and the founder of EcoVadis, as well as existing investors including Hedosophia, Visionaries Club, and Emblem. “Finance and procurement leaders tell us the same thing: they don’t need another workflow layer. They need to know what the business is committing to spend before it becomes a problem at close. Pivot gives enterprises that visibility, reinforced by agentic AI that shifts the manual grind from a human burden to a machine burden. This funding lets us bring that approach to more customers, more markets, and more complex enterprise environments,” said Marc-Antoine Lacroix, co-founder, Pivot. Estelle Giuly, Romain Libeau, Jessica Thomas https://lnkd.in/gtP33rYb