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.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
10/12/2022 | Series G-1 | $77MM | $xx.xx | $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
6,168,438
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 | $77MM | $xx.xx | $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
6,168,438
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 | $xx.xx | $7.25B | Andreessen Horowitz, Base Partners, Elad Gil, Greenoaks Capital | |
Price per Share
$xx.xx
Shares Outstanding
25,504,285
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 | $xx.xx | $4.97B | Addition, Andreessen Horowitz, Greenoaks Capital, Lightspeed Venture Partners, Zeev Ventures | |
Price per Share
$xx.xx
Shares Outstanding
41,579,555
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 | $xx.xx | $4.08B | Andreessen Horowitz, Lightspeed Venture Partners, Sgvc, Zeev Ventures | |
Price per Share
$xx.xx
Shares Outstanding
37,778,170
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 | $xx.xx | $1.21B | Andreessen Horowitz, Lightspeed Venture Partners, Sgvc, Zeev Ventures | |
Price per Share
$xx.xx
Shares Outstanding
4,163,544
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 | $152.45MM | $xx.xx | $1.21B | Andreessen Horowitz, Lightspeed Venture Partners, Sgvc, Zeev Ventures | |
Price per Share
$xx.xx
Shares Outstanding
63,474,833
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 | $51.3MM | $xx.xx | $267.88MM | Lightspeed Venture Partners, Zeev Ventures | |
Price per Share
$xx.xx
Shares Outstanding
82,515,508
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 | $xx.xx | $68.69MM | Lightspeed Venture Partners, Sgvc, Zeev Ventures | |
Price per Share
$xx.xx
Shares Outstanding
64,059,440
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, Sgvc, Zeev Ventures
|
||||||
02/12/2016 | Series A | $10.12MM | $xx.xx | $46.34MM | Lightspeed Venture Partners, Sgvc | |
Price per Share
$xx.xx
Shares Outstanding
61,148,064
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, Sgvc
|
||||||
05/07/2015 | Series Seed | $4.18MM | $xx.xx | $13.94MM | Lightspeed Venture Partners, Sgvc, Zeev Ventures | |
Price per Share
$xx.xx
Shares Outstanding
50,804,566
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, Sgvc, Zeev Ventures
|
Last Funding Round | ||||||||
---|---|---|---|---|---|---|---|---|
Company | Forge Price | Forge Price Change 5 | Last Closed Trade | Share Class | Post-Money Valuation | Price per Share | Amount Raised | |
Cerebras | $40.08 | +9.9% | $xx.xx | Series F-1 | $2.84B | $xx.xx | $85MM | |
CoreWeave | $1,149.84 | +18.78% | $xx.xx | Series C | $19B | $xx.xx | $1.15B | |
Chime | $24.86 | -0.04% | $xx.xx | Series G | $24.93B | $xx.xx | $1.1B | |
Klarna | $370.00 | -1.33% | $xx.xx | Unknown | $6.7B | $xx.xx | -- | |
Turo | $12.96 | -4.07% | $xx.xx | Series E | $1.24B | $xx.xx | $240.52MM | |
Circle | $24.71 | +2.49% | $xx.xx | Series F | $8.05B | $xx.xx | $401MM | |
Netskope | $11.07 | +2.98% | $xx.xx | Series H | $7.5B | $xx.xx | $300MM | |
Liquid Death | $9.47 | -0.11% | $xx.xx | Series F-1 | $1.4B | $xx.xx | $67.61MM | |
Cohesity | $15.66 | -18.31% | $xx.xx | Series H-1 | $4.69B | $xx.xx | $27.5MM | |
MNTN | -- | -- | $xx.xx | Series D | $2.21B | $xx.xx | $119MM |
Updated on: Jan 20, 2025
PLEASE READ THESE IMPORTANT LEGAL NOTICES & DISCLOSURES
‘Stock Price’ or other private company metrics (‘PC Data’) may rely on a very limited number of trade and/or IOI inputs in their calculation. PC Data is prepared and disseminated solely for informational purposes. While Forge has obtained information from sources it believes to be reliable, Forge does not perform an audit or undertake any duty of due diligence or independent verification of any information it receives. Forge does not guarantee the accuracy, completeness, timeliness, or availability of PC Data, and are not responsible for any errors or omissions, regardless of the cause, or any results obtained from the use of PC Data. PC Data is derived from the performance and pricing of secondary activity on the Forge platform and other private market trading platforms. PC Data is not intended to, and does not necessarily, represent the market price of any securities (I.e., the price at which you could buy or sell such securities). Reference to company names does not imply any affiliation between Forge and that company, any endorsement or sponsorship by Forge of any company or vice versa, or any partnership, joint venture or other commercial relationship between Forge and any company. Rights with respect to any company marks referred to herein are owned by the company.
Public news articles listed on this page have been curated by Forge based on several factors including, but not limited to, product updates, changes in organization structure, funding rounds, third-party valuations, and key personnel changes. Changes to this list of articles can be made at any time without notice and should not be relied upon for investment purposes. Forge does not verify the accuracy of the information contained in public news articles.
Investing in private company securities is not suitable for all investors, is highly speculative, is high risk, and investors should be prepared to withstand a total loss of their investment. Private company securities are highly illiquid and there is no guarantee that a market will develop for such securities. Each investment carries its own risks, and investors should conduct their own due diligence regarding the investment, including obtaining independent professional advice. Past performance is not indicative of future results. This is not a recommendation, offer, solicitation of an offer, or advice to buy or sell securities by Forge, nor an offer of brokerage services in any jurisdiction where Forge is not permitted to offer brokerage services. Brokerage products and services are offered by Forge Securities LLC, a registered broker-dealer and member FINRA/SIPC. Please see other important disclaimers, disclosures and restrictions you acknowledge by using this website and to which you are subject.