Total amount raised
$2.2 Billions
Latest funding date
12/01/2022
Location
Navan has successfully raised significant funding over multiple rounds, establishing itself as a leading corporate travel and expense management platform. The platform offers comprehensive solutions for business travel, expense management, and seamless integration with existing financial systems.
Keep reading to explore the intricacies of Navan's fundraising journey and the investors backing this innovative platform.
What Is Navan?
Navan is a prominent player in the corporate travel and expense management industry. The platform is designed to simplify and optimize business travel and expense processes, offering comprehensive solutions for booking travel, managing expenses, and integrating with existing corporate cards.
Operating in multiple regions, including the United States, France, Germany, the United Kingdom, and Spain, Navan caters to various roles within a company. The platform emphasizes ease of use, visibility, control, and savings, with features like automated expense categorization, real-time visibility, and AI-powered insights.
How Much Funding Has Navan Raised?
- Series D
- Amount Raised: $250M
- Date: June 2019
- Lead Investors: Andreessen Horowitz, Group 11, Lightspeed Venture Partners, Zeev Ventures
- Series D
- Date: January 2020
- Debt Financing
- Amount Raised: $500M
- Date: February 2020
- Lead Investors: Silicon Valley Bank
- Debt Financing
- Amount Raised: $125M
- Date: June 2020
- Lead Investors: Greenoaks
- Secondary Market
- Date: July 2020
- Lead Investors: Akkadian Ventures
- Series E
- Amount Raised: $155M
- Date: January 2021
- Lead Investors: Addition, Andreessen Horowitz, Elad Gil
- Series F
- Amount Raised: $275M
- Date: October 2021
- Lead Investors: Greenoaks
- Debt Financing
- Amount Raised: $150M
- Date: October 2022
- Lead Investors: Coatue
- Series G
- Amount Raised: $154M
- Date: October 2022
- Debt Financing
- Amount Raised: $400M
- Date: December 2022
- Lead Investors: Goldman Sachs Bank USA
Navan has raised a total of $2.259 billion across its funding rounds.
Key Investors
- Andreessen Horowitz
- Details: Andreessen Horowitz, also known as a16z, is a private venture capital firm based in Silicon Valley. It was founded by Marc Andreessen and Ben Horowitz in 2009.
- Investment Focus Areas: Technology, healthcare, fintech
- Notable Investments: Facebook, Airbnb, Slack
- Goldman Sachs Bank USA
- Details: Goldman Sachs Bank USA is a leading global investment banking, securities, and investment management firm. It provides a wide range of financial services to a substantial and diversified client base.
- Investment Focus Areas: Financial services, technology, real estate
- Notable Investments: Uber, WeWork, Spotify
- Greenoaks
- Details: Greenoaks is a global investment firm that focuses on long-term investments in technology companies. It was founded by Neil Mehta in 2012.
- Investment Focus Areas: Technology, consumer internet, software
- Notable Investments: Robinhood, Stripe, Brex
- Lightspeed Venture Partners
- Details: Lightspeed Venture Partners is a multi-stage venture capital firm focused on accelerating disruptive innovations and trends in the enterprise and consumer sectors. It was founded in 2000.
- Investment Focus Areas: Enterprise, consumer, health
- Notable Investments: Snapchat, Nest, GrubHub
- Silicon Valley Bank
- Details: Silicon Valley Bank is a high-tech commercial bank that primarily serves technology, life sciences, and venture capital clients. It was founded in 1983 and is headquartered in Santa Clara, California.
- Investment Focus Areas: Technology, life sciences, venture capital
- Notable Investments: Pinterest, DocuSign, Fitbit
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