With new funding, Pivot plans to expand its AI-powered procurement and finance platform, accelerate development of agentic AI capabilities and deepen integrations with ERP and financial systems.
Paris-based Pivot, an AI-powered procurement and finance operations platform, has raised $40 million in an oversubscribed Series B funding round led by Forestay Capital and Notion Capital, with participation from Greyhound, procurement industry executives and existing investors including Hedosophia, Visionaries Club and Emblem. The latest financing brings the company’s total funding raised since its founding in 2023 to $70 million.
Pivot develops an AI operating system designed to help enterprises manage procurement and financial workflows across sourcing, approvals, purchasing, invoicing, payments, budgets, expenses and reporting. The company aims to address inefficiencies in enterprise procurement, where spending commitments are often managed across fragmented systems, spreadsheets, email chains and manual approval processes.
Pivot positions its platform as an enterprise-grade system designed to give procurement and finance teams real-time visibility into committed spending before it creates reconciliation and reporting challenges during financial close processes. The platform integrates with enterprise resource planning (ERP) and financial systems while supporting complex multi-entity environments.
The company says its AI-driven workflow automation and real-time integrations are designed to improve operational efficiency while maintaining financial controls and reporting accuracy.
According to Marc-Antoine Lacroix, co-founder of Pivot, finance and procurement teams are increasingly looking for greater visibility into company spending commitments earlier in the procurement process.
Pivot gives enterprises that visibility, reinforced by agentic AI that shifts the manual grind from a human burden to a machine burden,
said Lacroix.
Since launching, Pivot has expanded operations to more than 25 countries and currently processes approximately $3 billion in invoices annually. Customers include DoorDash, Lemonade and Flix.
The new funding will be used to accelerate development of Pivot’s agentic AI capabilities, expand into additional enterprise markets and deepen integrations with ERP and financial systems across complex enterprise environments.