The Paris and New York-based start-up, founded in 2023, will use the new capital to deepen ERP integrations and push its agentic procurement platform into more enterprise environments. DoorDash, Lemonade and Flix are already on the customer list; $3bn in invoices already run through the system annually.
Pivot, the Paris and New York-based procurement-software start-up, has raised $40m in a Series B led by Forestay Capital and Notion Capital, taking the company’s total funding since its 2023 founding to $70m.
The oversubscribed round drew participation from Greyhound and a slate of procurement-industry operators, including Ariba’s former Global VP of Sales and the founder of EcoVadis, alongside existing backers Hedosophia, Visionaries Club and Emblem.
The European reporting carries the round in local currency at €34.4m, with cumulative funding at €60.2m.
The 💜 of EU techThe latest rumblings from the EU tech scene, a story from our wise ol' founder Boris, and some questionable AI art. It's free, every week, in your inbox. Sign up now!Pivot operates in more than 25 countries and processes $3bn (about €2.5bn) in invoices annually, with enterprise customers including DoorDash, Lemonade and Flix. DoorDash adopted Pivot for its European entity and is also using the platform to upgrade intake and vendor-onboarding workflows in parts of its existing stack.
