Navan (TripActions)
Enterprise Software
Founded: 2015
Last Round Valuation: $9.2B
Navan, previously known as TripActions, is an integrated platform that offers comprehensive travel, corporate card, and expense management solutions. It empowers customers worldwide by providing them with unparalleled oversight and authority over their expenditures. Trusted by travel managers and finance teams alike, Navan harnesses real-time data to assist companies in ensuring the safety of their traveling employees, curbing expenses, and fostering productivity. Founded in 2015 and headquartered in Palo Alto, CA, Navan has emerged as a prominent player in the industry, offering a holistic approach to travel and expense management.
Navan (TripActions) Overview:
Navan, formerly known as TripActions, is a comprehensive travel, corporate card, and expense management solution designed to provide customers with enhanced visibility and control over their spending. The company was founded in 2015 with its headquarters located in Palo Alto, California.
Navan aims to streamline the travel and expense management process by offering an all-in-one platform that combines various functionalities into a single integrated solution. By consolidating travel booking, corporate card management, and expense tracking, Navan simplifies the workflow for both travelers and finance teams.
One of Navan's key features is its focus on visibility and control. The platform provides customers with real-time data and insights, allowing them to have a clear understanding of their travel expenses and financial activities. This data-driven approach enables businesses to make informed decisions, optimize their travel budgets, and identify areas for cost savings.
Navan's platform is trusted by travel managers and finance teams, who rely on its capabilities to manage corporate travel efficiently. The platform leverages advanced technologies and automation to streamline the booking process, ensuring that employees have access to a wide range of travel options while adhering to company policies and preferences.
In addition to travel management, Navan also offers corporate card functionality, providing businesses with a centralized system for managing employee spending. The corporate card feature allows for seamless expense tracking, automatic categorization, and simplified reconciliation, reducing the administrative burden for finance teams.
Navan emphasizes the importance of traveler safety and duty of care. The platform offers features that enable companies to monitor the whereabouts of their employees during travel, provide real-time travel alerts and emergency assistance, and ensure compliance with corporate travel policies.
Overall, Navan strives to be a comprehensive solution that empowers companies to gain unprecedented visibility and control over their travel and expense management processes. By combining travel booking, corporate card management, and expense tracking into a single platform, Navan aims to optimize spend, increase productivity, and enhance the overall travel experience for businesses worldwide.
Founders:
Ariel Cohen
Ilan Twig
Joost Wels
Top Investors:
Andreessen Horowitz
Premji Invest
Base Partners
Elad Gil
Addition
Zeev Ventures
Lightspeed Venture Partners
SGVC
Funding History:
Date | Share Type | Amount Raised | Raised to Date | Issue Price | Post Money Valuation | Key Investors |
---|---|---|---|---|---|---|
Oct 2022 | Series G | $77MM | $1.23B | $12.48 | $9.2B | Andreessen Horowitz, Premji Invest, Base Partners |
Oct 2022 | Series G-1 | $77MM | $1.23B | $12.48 | $9.2B | Andreessen Horowitz, Premji Invest, Base Partners |
Oct 2021 | Series F | $275MM | $1.16B | $10.78 | $7.25B | Andreessen Horowitz, Base Partners, Elad Gil |
Jan 2021 | Series E | $362MM | $882.48MM | $8.71 | $4.97B | Andreessen Horowitz, Addition, Zeev Ventures |
Jun 2019 | Series D | $279.92MM | $520.48MM | $7.41 | $4.08B | Andreessen Horowitz, Zeev Ventures, Lightspeed Venture Partners |
Nov 2018 | Series C | $152.45MM | $230.56MM | $2.40 | $1.21B | Andreessen Horowitz, Lightspeed Venture Partners, Zeev Ventures |
Nov 2018 | Series C-1 | $10MM | $88.11MM | $2.40 | $1.21B | Andreessen Horowitz, Lightspeed Venture Partners, Zeev Ventures |
Mar 2018 | Series B | $51.3MM | $78.11MM | $0.62 | $267.88MM | Lightspeed Venture Partners, Zeev Ventures |
Apr 2017 | Series A-1 | $12.5MM | $26.81MM | $0.20 | $68.69MM | SGVC, Lightspeed Venture Partners, Zeev Ventures |
Feb 2016 | Series A | $10.12MM | $14.31MM | $0.17 | $46.34MM | Lightspeed Venture Partners, SGVC |
May 2015 | Series Seed | $4.18MM | $4.18MM | $0.08 | $13.94MM | SGVC, Lightspeed Venture Partners, Zeev Ventures |
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