Total amount raised
$7.2 Millions
Latest funding date
06/01/2024
Location
Navier has successfully raised funds through a Series A round, attracting a total of nine investors, including Leblon Capital and NextView Ventures. The company is focused on revolutionizing water travel with its advanced, zero-emission marine vessels.
Navier's flagship product, the N30 Pioneer edition, is an all-electric hydrofoiling vessel designed to offer a smooth, quiet ride with zero emissions. Keep reading to explore the intricacies of Navier's fundraising journey and the investors backing this innovative platform.
What Is Navier?
Navier, founded in 2020 by Reo Baird and Sampriti Bhattacharyya, is a pioneering company in the marine technology and maritime transportation industry. Headquartered in San Francisco, California, Navier is dedicated to creating zero-emission marine vessels that significantly reduce operational costs and enable scalable, clean waterborne transportation.
With an employee count ranging from 11 to 50, Navier's flagship product, the N30 Pioneer edition, exemplifies their commitment to innovation. This all-electric hydrofoiling vessel offers a smooth, quiet, and environmentally friendly ride, positioning Navier as a leader in next-generation maritime solutions.
How Much Funding Has Navier Raised?
- Seed Round
- Amount Raised: $7.2M
- Date: February 7, 2022
- Lead Investors: Global Founders Capital, Treble
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop next-generation marine vessels that significantly reduce operational costs and enable new categories of waterborne transportation.
- Series A
- Amount Raised: Undisclosed
- Date: June 20, 2024
- Lead Investors: Leblon Capital, NextView Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To advance Navier's mission to build zero-emission marine vessels and expand their scalable waterborne transportation services.
Total Amount Raised: $7.2M
Current Valuation: Not publicly disclosed
Key Investors
- Global Founders Capital
- Details: Global Founders Capital is a global venture capital firm that invests in technology companies. They have a broad portfolio and a strong presence in the tech industry.
- Investment Focus Areas: Technology companies, various sectors.
- Notable Investments: Facebook, LinkedIn, Slack.
- Treble
- Details: Treble is a new fund run by Daniel Gulati, the former Managing Director of Comcast Ventures. The fund focuses on early-stage technology startups.
- Investment Focus Areas: Early-stage technology startups.
- Notable Investments: Specific notable investments are not mentioned.
- NextView Ventures
- Details: NextView Ventures is a venture capital firm focused on seed-stage investments. They aim to support companies that are transforming the way people live, work, and play.
- Investment Focus Areas: Seed-stage technology companies.
- Notable Investments: Attentive, Whoop, Grove Collaborative.
- Liquid2 Ventures
- Details: Liquid2 Ventures is a venture capital firm co-founded by Joe Montana. They focus on early-stage technology companies and have a diverse investment portfolio.
- Investment Focus Areas: Early-stage technology startups.
- Notable Investments: GitLab, Anduril, Grin.
- Soma Capital
- Details: Soma Capital is a venture capital firm that invests in early-stage startups. They have a strong focus on technology and innovation.
- Investment Focus Areas: Early-stage startups, various sectors.
- Notable Investments: Rappi, Ironclad, Razorpay.
What's Next for Navier?
Navier is poised to capitalize on the burgeoning market for electric hydrofoiling watercraft, with plans to expand into waterborne robotaxis for congested coastal cities. The company aims to democratize waterways by making marine transportation more affordable and scalable, addressing a significant market need.
Future fundraising opportunities appear promising, with strong interest from venture capitalists and angel investors. This financial backing will be crucial as Navier scales production and explores new markets. However, the company may face challenges such as perfecting hydrofoil control systems and navigating regulatory hurdles for autonomous waterborne transportation.
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