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Navan IPO

$9.2B

Series G Valuation, Oct 2022

Completed IPO

Learn More About Navan Stock

Navan IPO date and status

2015

Founded

Jun 2025

Confidentially Filed

The Information

Sep 2025

S-1 Filed

www.sec.gov

Oct 2025

IPO Announced

www.cnbc.com

Oct 2025

IPO Completed

www.barrons.com

Company details

Navan, formerly known as TripActions, was founded in 2015 by Ariel Cohen. In a February 2023 interview, Cohen said "the company is ready from a maturity perspective, business perspective [and a] numbers perspective to go public." CFO Thomas Tuscherer told reporters that the company expects the IPO market to reopen in Q3 or Q4 of 2023. Outlets report that Navan is engaged in talks with bankers about the possibility of a public offering.

Navan is a travel management platform for corporations that helps users manage travel plans and track expenses. As of February 2023, Navan's customers include Lyft, Yelp, Axios, Pinterest, and Toast. Between 2021 and 2022, the company acquired Reed & Mackay, Comtravo, and Resia. Navan has raised more than $1.3 billion in venture capital funding from investors including Group 11, Andreessen Horowitz, Lightspeed Venture Partners, and Zeev Ventures. The company announced a $9.2 billion valuation following a $300 million fundraising round in 2022.

These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.

navan.com

Sector

Enterprise Software

Subsector

Business Operations

Founded

2015

Headquarters

Palo Alto, CA, United States

Founders

Ariel Cohen, Ilan Twig

Forge Price ¹

Price not available

Market Activity ²

Low

Last Matched Price

Get Full Access

Post-Money Valuation ³

$9.2B

Total Funding

$1.3B

Last Funding Round

Series G

Learn more about Navan

To invest in Navan pre-IPO

Can you invest in Navan pre-IPO?

You may invest in Navan as it is a public company listed on the NASDAQ with ticker NAVN. But if you are an accredited investor interested in buying pre-IPO shares of a private company, you can learn more about how to invest in the private market or register today to get started.

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What is the pre-IPO value of my Navan shares?

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Is Navan a publicly traded company?

Navan became a public company following its IPO on 10/30/2025 and is now traded on the NASDAQ under the ticker NAVN.

To learn more about Navan potential IPO

Will Navan go IPO?

Navan became a public company following its IPO on 10/30/2025 and is now traded on the NASDAQ under the ticker NAVN.

What is Navan’s IPO price?

The IPO price of Navan is not currently available.

When was Navan founded?

Navan was founded in 2015.

What is Navan funding to date?

Navan has raised $1.3B to date.

Navan major investors

Addition

Akkadian Ventures

Andreessen Horowitz

Base Partners

Clf Partners

Coatue Management

Creandum

Discovery Ventures

Frontline Ventures

Greenoaks Capital

Greenspring Associates

Group 11

Highsage Ventures

I-Qu & Company

Lightspeed Venture Partners

Lufthansa Group

Premji Invest

Sixty Degree Capital

Spur Capital Partners

Summit Peak Investments

Telesoft Partners

Vista Equity Partners

Zeev Ventures

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Navan pre-IPO valuation and funding rounds

Funding history chart

Funding round and deals details

	Funding Date	Round	Amount Raised	Price per Share	Post-Money Valuation ³	Key Investors
	10/12/2022	Series G	$100MM	$37.45	$9.2B	Addition Ventures, Andreessen Horowitz, Base Partners, Elad Gil, Greenoaks Capital, Lightspeed Venture Partners, Premji Invest, Zeev Ventures
Price per Share $ xx.xx Shares Outstanding 2,670,319 Liquidation Pref Order 1 Liquidation Pref As Multiplier 1.0x Conversion Ratio 1.0x Dividend Rate 8.0% Cumulative Non-cumulative Participating Non-participating Participation Cap -- Key Investors Addition Ventures, Andreessen Horowitz, Base Partners, Elad Gil, Greenoaks Capital, Lightspeed Venture Partners, Premji Invest, Zeev Ventures
	10/12/2022	Series G-1	$54MM	$37.45	$9.2B	Addition Ventures, Andreessen Horowitz, Base Partners, Elad Gil, Greenoaks Capital, Lightspeed Venture Partners, Premji Invest, Zeev Ventures
Price per Share $ xx.xx Shares Outstanding 1,441,963 Liquidation Pref Order 1 Liquidation Pref As Multiplier 1.0x Conversion Ratio 1.0x Dividend Rate 8.0% Cumulative Non-cumulative Participating Non-participating Participation Cap -- Key Investors Addition Ventures, Andreessen Horowitz, Base Partners, Elad Gil, Greenoaks Capital, Lightspeed Venture Partners, Premji Invest, Zeev Ventures
	10/13/2021	Series F	$275MM	$32.35	$7.25B	Andreessen Horowitz, Base Partners, Elad Gil, Greenoaks Capital
Price per Share $ xx.xx Shares Outstanding 8,501,424 Liquidation Pref Order 1 Liquidation Pref As Multiplier 1.0x Conversion Ratio 1.0x Dividend Rate 8.0% Cumulative Non-cumulative Participating Non-participating Participation Cap -- Key Investors Andreessen Horowitz, Base Partners, Elad Gil, Greenoaks Capital
	01/21/2021	Series E	$362MM	$26.12	$5B	Addition, Andreessen Horowitz, Greenoaks Capital, Lightspeed Venture Partners, Zeev Ventures
Price per Share $ xx.xx Shares Outstanding 13,859,845 Liquidation Pref Order 1 Liquidation Pref As Multiplier 1.0x Conversion Ratio 1.0x Dividend Rate 8.0% Cumulative Non-cumulative Participating Non-participating Participation Cap -- Key Investors Addition, Andreessen Horowitz, Greenoaks Capital, Lightspeed Venture Partners, Zeev Ventures
	06/27/2019	Series D	$279.92MM	$22.23	$4B	Andreessen Horowitz, Lightspeed Venture Partners, Sgvc, Zeev Ventures
Price per Share $ xx.xx Shares Outstanding 12,592,720 Liquidation Pref Order 1 Liquidation Pref As Multiplier 1.0x Conversion Ratio 1.0x Dividend Rate 8.0% Cumulative Non-cumulative Participating Non-participating Participation Cap -- Key Investors Andreessen Horowitz, Lightspeed Venture Partners, Sgvc, Zeev Ventures
	11/08/2018	Series C	$142.45MM	$7.21	$1.15B	Andreessen Horowitz, Lightspeed Venture Partners, Sgvc, Zeev Ventures
Price per Share $ xx.xx Shares Outstanding 19,770,427 Liquidation Pref Order 1 Liquidation Pref As Multiplier 1.0x Conversion Ratio 1.0x Dividend Rate 8.0% Cumulative Non-cumulative Participating Non-participating Participation Cap -- Key Investors Andreessen Horowitz, Lightspeed Venture Partners, Sgvc, Zeev Ventures
	11/08/2018	Series C-1	$10MM	$7.21	$1.15B	Andreessen Horowitz, Lightspeed Venture Partners, Sgvc, Zeev Ventures
Price per Share $ xx.xx Shares Outstanding 1,387,848 Liquidation Pref Order 1 Liquidation Pref As Multiplier 1.0x Conversion Ratio 1.0x Dividend Rate 8.0% Cumulative Non-cumulative Participating Non-participating Participation Cap -- Key Investors Andreessen Horowitz, Lightspeed Venture Partners, Sgvc, Zeev Ventures
	03/07/2018	Series B	$51.22MM	$1.87	$267.75MM	Lightspeed Venture Partners, Zeev Ventures
Price per Share $ xx.xx Shares Outstanding 27,465,006 Liquidation Pref Order 1 Liquidation Pref As Multiplier 1.0x Conversion Ratio 1.0x Dividend Rate 8.0% Cumulative Non-cumulative Participating Non-participating Participation Cap -- Key Investors Lightspeed Venture Partners, Zeev Ventures
	04/01/2017	Series A-1	$12.5MM	$0.59	$68.69MM	Lightspeed Venture Partners, Zeev Ventures
Price per Share $ xx.xx Shares Outstanding 21,353,143 Liquidation Pref Order 1 Liquidation Pref As Multiplier 1.0x Conversion Ratio 1.0x Dividend Rate 8.0% Cumulative Non-cumulative Participating Non-participating Participation Cap -- Key Investors Lightspeed Venture Partners, Zeev Ventures
	02/12/2016	Series A	$10.19MM	$0.50	$46.34MM	Undisclosed Investors
Price per Share $ xx.xx Shares Outstanding 20,382,673 Liquidation Pref Order 1 Liquidation Pref As Multiplier 1.0x Conversion Ratio 1.0x Dividend Rate 8.0% Cumulative Non-cumulative Participating Non-participating Participation Cap -- Key Investors Undisclosed Investors
	05/05/2015	Series Seed	$4.18MM	$0.25	$13.94MM	Telesoft Partners
Price per Share $ xx.xx Shares Outstanding 16,934,839 Liquidation Pref Order 1 Liquidation Pref As Multiplier 1.0x Conversion Ratio 1.0x Dividend Rate 8.0% Cumulative Non-cumulative Participating Non-participating Participation Cap -- Key Investors Telesoft Partners

Navan IPO news and media highlights

Article

Navan Upcoming IPO: Traveling toward the public market

July 22, 2025

If at first you don't IPO, try, try again — that seems to be the motto of Navan, a corporate travel and expense management software company.

MSN 10/13/2025

Travel tech firm Navan eyes $6.45 billion valuation in US IPO

Corporate travel and expense company Navan said on Friday it is targeting a valuation of up to $6.45 billion in its US initial public offering, below the level it reached in a 2022 funding round, as it pushes ahead with listing plans despite the US government shutdown.

The Information 09/29/2025

Exclusive: Navan Plans to Raise $750 million in October IPO

Travel software company Navan is planning to raise $750 million in its October public offering, though the actual size of the offering could still change,...

The Information 09/16/2025

Exclusive: Travel Software Startup Navan Prepares Public Listing

Navan is planning to make public its initial public offering paperwork on Friday, two people with direct knowledge of the deal said, marking one of the...

Fast Company 06/30/2025

How a travel and expense platform is breaking ground on a zero-hallucinations AI workforce

On Wednesday, Navan revealed its new AI platform, Navan Cognition, which goes beyond single-purpose chatbots and basic AI tools to create an AI workforce capable of automating complex tasks.

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Private companies exploring an IPO

See which private companies are preparing for the public market. Register to get full access to the latest secondary market pricing data.

Sector: Enterprise Software

Subsector: Business Operations

Trade Metrics				Last Funding Round
Company		Forge Price	Last Matched	Round	Post-Money Valuation ³	Price Per Share	Amount Raised
	Cohesity	$15.67 +$0.01 (0.06%)	$ xx.xx	Series H-1	$4.69B	$15.66	$27.5MM
	Liftoff Mobile	Not available	$ xx.xx	Not available	--	--	--
	Deel	Not available	$ xx.xx	Series E	$17.3B	$38.92	$300MM
	Genesys	Not available	$ xx.xx	Not available	--	--	--
	Envoy	Not available	$ xx.xx	Series C	$1.4B	$3.14	$111MM
	4C	Not available	$ xx.xx	Not available	--	--	--

See Tech IPO Calendar

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Anthropic	$259.14 -$13.84 (5.07%)	High	$xxx.xx
OpenAI	$723.12 +$0.12 (0.02%)	High	$xxx.xx
Anduril	$105.00 -$0.53 (0.50%)	High	$xxx.xx
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SambaNova Systems	$14.74 -$1.36 (8.45%)	Medium	$xxx.xx

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