NAVAN
#18 on Setter30 Most recent: Q3 2021Navan (formerly TripActions) is an all-in-one corporate travel, expense, and payments platform that lets employees book travel, manage expenses, and use corporate cards through a single interface, while giving finance and travel teams real-time visibility and policy controls. Founded in 2015 by Ariel Cohen and Ilan Twig, the company rebranded from TripActions to Navan in February 2023 and went public on Nasdaq in October 2025 under the ticker NAVN.
Public Company
NAVAN is publicly traded
IPO'd on Oct 30, 2025
This company is no longer available on our private secondary market. Shares can be traded publicly under NAVN.
Overview
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2015
Employees
3,000–3,500
Total Funding
$2.26B
11 rounds
Last Private Valuation
$9.2B
Oct 1, 2022
Funding
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Total raised $2.26B across 11 rounds
Last updated 08-12-2026
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| Oct 30, 2025 | IPO | $923.1M | $6.21B | Public |
| Oct 12, 2022 | Structured Capital — Coatue | $150M | — | Coatue Management |
| Oct 1, 2022 | Series G | $154M | $9.2B | Andreessen Horowitz |
Valuation Trajectory
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Entry · Series B
$2B
Mar 2018
NAVAN today
$6.2B
Oct 2025 · latest mark
NAVAN multiple
3.1x
valuation uplift since first round
Y-axis is logarithmic. Hollow dots = estimated valuations. Does not represent realized investor returns.
Leadership
Ariel Cohen
Co-Founder & CEO
Ilan Twig
Co-Founder & CTO
Amy Butte
Chief Financial Officer (departing January 9, 2026)
Anne Giviskos
Interim CFO (effective January 9, 2026); SVP, Strategic Finance & Chief Accounting Officer
Competitors
Competitor list is illustrative and may be incomplete, stale, or erroneous.
SAP Concur
Enterprise-grade travel and expense management platform owned by SAP; the long-standing incumbent for large global corporations.
Ramp
Spend management platform combining corporate cards, expense, bill pay, and travel; a key all-in-one competitor encroaching on Navan's segment.
Brex
Corporate card and spend management platform popular with venture-backed companies; travel powered by Spotnana.
Expensify
Expense management and corporate card software focused on SMB and mid-market; publicly traded.
Spotnana
Travel-as-a-Service infrastructure provider powering corporate travel programs, including for Brex; emerging modern competitor.
TravelPerk
Barcelona-based corporate travel management platform serving SMB and mid-market customers globally.
NAVAN Investment FAQ
NAVAN FAQ
Yes, NAVAN is publicly traded under the ticker symbol NAVN on the NASDAQ. The company went public in Oct 30, 2025.
NAVAN trades under the ticker symbol NAVN on the NASDAQ. It began trading in Oct 30, 2025.
NAVAN (NAVN on the NASDAQ) shares can be purchased through any standard brokerage account — including Fidelity, Charles Schwab, TD Ameritrade, and online platforms like Robinhood or E*TRADE. Search for the ticker NAVN to place an order.
NAVAN went public in Oct 30, 2025 via ipo, with an offering valuation of approximately $9.2B. Navan completed its IPO on the Nasdaq Global Select Market under ticker NAVN on October 30, 2025, raising approximately $923 million by selling ~36.9M Class A shares at $25.00 per share. The offering implied a valuation of roughly $6.2 billion; shares closed first day at $20 (down ~20%). The IPO closing was announced October 31, 2025.
NAVAN raised $2.26B across 11 disclosed funding rounds prior to its public listing.
NAVAN was co-founded by Ariel Cohen, and Ilan Twig in 2015.
NAVAN is headquartered in Palo Alto, CA.
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