Joffe & Associés advised the new investors Forestay Capital and Notion Capital in connection with the $40 million fundraising completed by Pivot.
Joffe & Associés advised the new investors Forestay Capital and Notion Capital in connection with the $40 million fundraising completed by Pivot, a French startup leveraging agentic AI to automate corporate procurement and financial management.
This series B round was co-led by Forestay Capital and Notion Capital, with participation from the British fund Greyhound and early investors Hedosophia, Visionaries Club and Emblem.
Two years after a €20 million Series A round, this new financing round aims to strengthen Pivot’s presence among large enterprises.
Founded in spring 2023 by Marc-Antoine Lacroix, Romain Libeau and Estelle Giuly, Pivot has developed an AI-powered procurement platform designed to simplify and automate corporate financial processes. Through intuitive interfaces, the startup aims to modernise a function still largely managed through outdated tools and manual approvals, which slow down financial closings and reduce forecasting accuracy.
Pivot currently operates in more than 25 countries and supports numerous companies such as DoorDash, Doctolib, Deezer, Pennylane and Wolt. Each year, Pivot manages more than $3 billion in invoices. This Series B round will enable Pivot to further enhance its platform and accelerate its growth by expanding its approach into new markets.
In connection with this transaction, the team at Joffe & Associés consisted of Thomas Saltiel, partner, Charlotte Viandaz, counsel, and Océanne Lewden, associate.
