Pivot, a New York-based AI operating system for procurement, has raised $40 million in Series B funding, bringing its total funding to $70 million.
Investors
The oversubscribed round was led by Forestay Capital and Notion Capital, with participation from Greyhound Capital, procurement industry veterans, and existing investors including Hedosophia, Visionaries Club, and Emblem.
Founded in 2018, Forestay Capital is an early‑growth technology investment firm that is part of B‑FLEXION, a private entrepreneurial investment firm. Based in London and Geneva, Forestay partners with Enterprise AI technology companies at key growth inflection points, working closely with founders as they scale into category leaders. The firm combines growth capital with hands‑on operational support and access to an extensive network of experienced operators, advisors, and industry experts.
Notion Capital is Europe’s early-stage business software investor, with more than $1B assets under management and more than 100 investments to date. Founded in 2009, Notion specializes in investing in European B2B SaaS, cloud computing, and enterprise software startups from seed through growth stages.
Pivot Use of Funds
The company will use the funding to accelerate development of its agentic AI capabilities, expand into additional enterprise markets, and deepen integrations with ERP and financial systems across complex enterprise environments.
About Pivot
Founded in 2023, Romain Libeau, Marc-Antoine Lacroix, and Estelle Giuly Pivot is an enterprise AI operating system built for procurement and finance teams. The company provides a unified platform that manages sourcing, approvals, purchasing, invoicing, payments, budgeting, expenses, and reporting through AI-driven workflows and deep ERP integrations. Currently operating across more than 25 countries, Pivot serves customers including DoorDash, Lemonade, and Flix.
Funding Details
Company: Pivot SAS
Raised: $40.0M
Round: Series B
Funding Date: May 2026
Lead Investor: Forestay Capital, Notion Capital
Additional Investors: Greyhound Capital, Hedosophia, Visionaries Club, Emblem
Company Website: https://www.pivotapp.ai/
Software Category: ProcurementTech / Enterprise AI / FinOps
Source: https://www.pivotapp.ai/news/pivot-raises-40m-series-b-to-replace-legacy-procurement-software-with-an-enterprise-ai-operating-system