Turning a corner: Private market posts best month in yearsCore private market metrics suggest positive momentum is brewing and investor sentiment is improving
Turning a corner: Private market posts best month in years
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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 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.
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.
Our Private Market Specialists are available to answer any questions you might have and can help connect you with a buyer from our network of 125,000 accredited investors and institutions. You can also learn more about how to sell your private shares before getting started.
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.
| 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 |
