Paris-based SaaS startup Pivot has raised $40 million in an oversubscribed Series B round. The company develops an AI-based operating system for enterprise procurement and finance operations. The platform covers the entire procurement lifecycle — from sourcing and approvals through purchasing and invoicing to payment processing and reporting.

Pivot is now active in more than 25 countries and counts enterprise clients such as DoorDash, Lemonade, and Flix. In total, the company processes invoices worth around $3 billion annually. The newly raised capital is set to flow into the further development of agentic AI capabilities, expansion into new enterprise markets, and deeper integrations with ERP and financial systems.

The current funding round was led by Forestay Capital and Notion Capital. Greyhound as well as existing investors including Hedosophia, Visionaries Club, and Emblem also participated. In total, the company — founded in 2023 — has now raised $70 million in funding.

Challenges in Enterprise Procurement

In many organizations, procurement remains one of the least automated functions. Spending commitments are frequently managed through fragmented systems, email threads, spreadsheets, and manual approval processes. For finance teams, visibility often only emerges once commitments have already been made.

This can affect month-end and year-end closes as well as forecasting, and frequently results in additional reconciliation effort. Established procurement platforms have been addressing these challenges for years, but are often associated with complex implementations, administrative overhead, and inflexible system architectures. Newer intake and orchestration tools primarily improve the user interface, while questions around data architecture and ERP integration partly remain unresolved.

Pivot positions itself as the central enterprise platform for procurement, ensuring that companies can see in real time at any moment which expenditures have already been committed — before they show up in the financial close.

Platform Architecture and System Integration

Pivot’s platform combines agent-based workflow configurations with real-time integrations to numerous ERP systems and supports complex multi-entity structures. The architecture complements existing ERP systems without altering their integrity, while simultaneously giving procurement and finance teams real-time visibility into committed spend before it becomes a financial risk.

“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,” says Marc-Antoine Lacroix, Co-Founder of Pivot.

Investors are betting that Pivot will redefine a category that legacy vendors have failed to modernize. “Procurement is one of the last major enterprise functions still waiting to be rebuilt for the AI era. The category is dominated by legacy solutions that rely on cumbersome manual processes. Pivot is the only player reimagining it from the system-of-record up to serve agentic workflows. Owning the data layer end-to-end is what lets agentic AI operate inside the flow of procurement work with complete context. What Pivot is doing is game-changing,” says Jessica Thomas, Partner at Notion Capital. With the Series B, the startup aims to strengthen its position in complex enterprise environments and establish the next generation of procurement software for the AI era.