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Navan, Inc.
IPONAVN.NASDAQPast

Navan, Inc.

Financial Services

Company website ↗
Foundation year: 2015
Market capitalization
$3400mil
IPO date
29/10/2025

About

NNavan offers travel, expense, and corporate card management solutions to automate manual processes and enhance spend visibility. By integrating cloud, mobile, and AI technologies, NNavan balances business requirements with modern standards, reinventing the traditional travel and expense management category.

In 2015, after years of firsthand experience with the shortcomings of legacy travel and expense solutions, Ariel Cohen and Ilan Twig created a technology-first corporate travel platform centered around the end user. Combining AI, data science, and a modern, user-friendly design, this platform evolved into the comprehensive business solution that Navan is today.

In April 2021, the Navan team expanded with the acquisition of Reed & Mackay, a premium corporate travel management solution with global offices.

Early 2022 saw the addition of Comtravo, a leading modern travel solution in Europe, and Resia, covering Northern Europe, into the Navan Group. Later in 2022, the group acquired its fourth addition, Atlanta Events & Corporate Travel Consultants, specialists in Spanish meetings and events. In April 2023, Navan expanded into the Indian market by acquiring Tripeur, a modern, people-centric corporate travel and expense management company.

Navan develops software that streamlines business travel and expense management. Its app enables travelers to manage hotel reservations, travel arrangements, and expenses in a single platform. As of January 31, 2025, Navan reported more than 10,000 active customers. According to the company’s website, its customers include Crate & Barrel, DataDog, Heineken, Lyft, Shopify, Snowflake, Thomson Reuters, and Zoom.

Headquarters

3045 Park BoulevardPalo Alto, California 94306

Financial information

Clients

Crate & Barrel, DataDog, Heineken, Lyft, Shopify, Snowflake, Thomson Reuters, Zoom

Underwriters

Goldman Sachs, Citigroup, Jefferies, Mizuho, Morgan Stanley, BNP Paribas, Citizens Capital Markets, Oppenheimer & Co., MUFG, Needham & Co., BTIG

Prospectus ↗
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