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.

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Learn more about Navan

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What is Navan's IPO price?

The IPO price for Navan will be known only if it becomes public. However, you may access the "Price At Last Round" and the "Implied EV" for publicly traded comparable companies with Forge Data.
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Can you invest in Navan?

Navan is a privately held company and is not publicly traded on NYSE or NASDAQ in the U.S. To buy pre-IPO shares of a private company, you need to be an accredited investor. Learn more about how to invest in the private market or register today to get started.

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Can you sell Navan shares pre-IPO?

If you own Navan pre-IPO shares and are considering selling, you can find what your shares could be worth on Forge’s secondary marketplace.

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Is Navan a publicly traded company?

Navan is a private company and not publicly traded.

If you are interested in buying or selling private company shares, you can register with Forge today for free to explore your options. Registering gives you access to one of our Private Market Specialists who can guide you through the process of buying or selling. Learn more about how Forge might help you buy pre-IPO shares or sell pre-IPO shares.

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What is Navan's funding to date?

Navan has raised $1.31B to date.
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When was Navan founded?

Navan was founded in 2015.

Who are Navan's major investors?

Greenoaks Capital
Premji Invest
Akkadian Ventures
Greenspring Associates
Coatue Management
Creandum
Addition
Zeev Ventures
Frontline Ventures
Group 11
Vista Equity Partners
Base Partners
Spur Capital Partners
Sixty Degree Capital
TeleSoft Partners
Summit Peak Investments
Discovery Ventures
CLF Partners
HighSage Ventures
i-Qu & Co
Lufthansa Group

Navan Funding Rounds and Last Known Valuation

Date Funding Round Funding Raised Price per Share Last Known Valuation
10/12/2022 Series G and G-1 $154MM raised $XXX.XX $XXX.XX
10/13/2021 Series F $275MM raised $XXX.XX $XXX.XX
1/21/2021 Series E $362MM raised $XXX.XX $XXX.XX
6/27/2019 Series D $279.92MM raised $XXX.XX $XXX.XX
11/8/2018 Series C and C-1 $162.45MM raised $XXX.XX $XXX.XX
3/7/2018 Series B $51.3MM raised $XXX.XX $XXX.XX
4/1/2017 Series A-1 $12.5MM raised $XXX.XX $XXX.XX
2/12/2016 Series A $10.12MM raised $XXX.XX $XXX.XX
5/7/2015 Series Seed $4.18MM raised $XXX.XX $XXX.XX
Based on primary financings
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Updated on: Nov 15, 2023

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