Pivot banked €34.4 million ($40 million) Series B funding to scale its AI-native procurement platform. The oversubscribed round was led by Forestay Capital and Notion Capital, with participation from Greyhound and several industry veterans, including the founder of EcoVadis. This latest raise brings the Paris-based startup’s total funding to €60.2 million since its inception in 2023.
The company provides an operating system designed to automate the entire procurement lifecycle, from sourcing and approvals to invoicing and payments. Unlike legacy tools that often act as simple workflow layers, Pivot integrates directly with ERP systems to give finance teams real-time visibility into committed spend before it is finalised. Its "agentic" AI approach uses autonomous agents to handle manual data entry and reconciliation tasks that typically burden back-office teams.
Pivot currently operates in over 25 countries and processes approximately €2.5 billion in annual invoices for a client base that includes DoorDash, Lemonade, and Flix. The new capital is earmarked for deepening ERP integrations and expanding the platform’s capabilities to support more complex, multi-entity enterprise environments.
As European enterprises look to consolidate fragmented software stacks, Pivot’s success suggests a clear appetite for full-stack AI solutions that replace, rather than merely supplement, legacy systems of record.
Originally reported by EU-Startups Daily.