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 | $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-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
|
||||||
| 10/13/2021 | 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 | $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
|
||||||
| 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
|
||||||
| 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 | |
 | OpenAI | $469.47 | -0.01% | $xx.xx | Funding Round | -- | -- | -- |
 | Anduril | $40.88 | -3.86% | $xx.xx | Series G | $30.5B | $xx.xx | $2.5B |
 | Figma | $38.00 | +0.03% | $xx.xx | Series E | $10B | $xx.xx | $200MM |
 | Cerebras | $31.35 | -0.16% | $xx.xx | Series F-1 | $2.87B | $xx.xx | $420MM |
 | Kraken | $32.68 | +9.15% | $xx.xx | Series B | $5.52B | $xx.xx | $52.5MM |
 | HeartFlow | -- | -- | $xx.xx | Series E | $1.65B | $xx.xx | $305MM |
 | Firefly Aerospace | -- | -- | $xx.xx | Series D-4 | $3.49B | $xx.xx | $100MM |
 | Netskope | $14.50 | +8.45% | $xx.xx | Series H | $7.5B | $xx.xx | $300MM |
 | Discord | $239.72 | +6.61% | $xx.xx | Series I | $15B | $xx.xx | $500MM |
 | Klarna | $37.31 | +21.02% | $xx.xx | Unknown | -- | -- | -- |
Updated on: Jul 15, 2025
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