Pivot

Pivot provides a business-to-business, software-as-a-service (SaaS) procurement automation platform that assists companies in managing spending, reducing vendor risk, and empowering business teams. The company was founded in May 2023 by Romain Libeau, Marc-Antoine Lacroix, and Estelle Giuly (formerly Estelle Botbol). The founding team has prior experience at prominent French tech companies; Libeau served as an executive at Swile and Deliveroo, Lacroix was a director at Qonto, and Giuly is an engineer specializing in workflow automation.

The Paris-based startup aims to modernize the procurement software market by offering an intuitive, AI-fueled platform that simplifies purchasing processes. The software is designed for rapid implementation and high employee adoption, integrating with a company's existing tools and ERPs to centralize and automate procurement workflows. Key features of the full-suite source-to-pay (S2P) platform include strategic sourcing, vendor management, AP automation, global vendor payments, third-party risk management, and spend insights. This allows finance, legal, compliance, and security teams to reduce manual tasks and improve collaboration and data-driven decision-making.

Pivot targets mid-market and enterprise companies, and by December 2023, it had onboarded 80 clients across more than 20 countries. The company operates on a subscription-based business model. In its first year, Pivot secured two rounds of funding, starting with a €5 million pre-seed round in October 2023 from investors including Visionaries Club, Emblem, Cocoa, and Anamcara. This was quickly followed by a €20 million ($21.7M) Series A round in December 2023, with backing from its existing investors.

Keywords: procurement automation, source-to-pay, S2P platform, spend management, vendor risk management, AP automation, strategic sourcing, spend control, contract management, procurement software, B2B SaaS, financial software, AI procurement, spend analysis, third-party risk, invoice automation, vendor onboarding, purchase order management, procurement reporting, financial technology