Navan, Inc.
| Company type | Public |
|---|---|
| Industry | Corporate travel and expense management |
| Founded | May 2015 |
| Founder | Ariel Cohen, Ilan Twig |
| Headquarters | Palo Alto , United States |
Area served | Worldwide |
Key people | Amy Butte (CFO) |
| Products | Travel reservation platform, corporate payment cards, expense tracking, business analytics |
Number of employees | 1500 (2021) |
| Website | www |
Navan, Inc. (previously known as TripActions) is a U.S.-based company specializing in corporate travel and expense management, with its main office located in Palo Alto, California. Established in May 2015 by Ariel Cohen and Ilan Twig, Navan provides a comprehensive platform that integrates travel reservation, corporate payment cards, expense tracking, and business analytics for clients around the globe.
History
Ariel Cohen and Ilan Twig, who had earlier founded StreamOnce, launched TripActions in May 2015. After securing $14.6 million in Series A funding in January 2016 from Oren Zeev Ventures and Lightspeed Venture Partners, the company introduced its corporate travel booking solution. The startup disclosed its funding publicly in January 2017 and subsequently raised an additional $12.5 million by October of the same year.
In June 2017, the company relocated its headquarters to Palo Alto. By March 2018, TripActions completed a $51 million Series B round from existing backers to fuel its growth. The firm expanded internationally in July 2018 by opening offices in London and Amsterdam, focusing on European markets and planning further expansion into the Asia-Pacific region.
The firm secured $154 million in Series C funding during November 2018, led by Andreessen Horowitz, which pushed its valuation beyond $1 billion. Ben Horowitz joined the board as the company upgraded its flight booking platform in February 2019, partnering with major airlines and adhering to industry standards to enhance user experience.
TripActions raised $250 million through a Series D round in June 2019, achieving a valuation of $4 billion. Later that year, it forged an NDC-enabled direct connection with Lufthansa Group to improve flight options.
In February 2020, the company introduced TripActions Liquid—a platform combining payment processing, expense management, and reconciliation—backed by a $500 million credit facility. Despite challenges from the COVID-19 pandemic, TripActions secured another $125 million in June 2020 to maintain growth and product innovation.
By October 2020, TripActions broadened TripActions Liquid's capabilities to include more extensive expense management features. The company raised $155 million during a Series E round in January 2021 and followed with a $275 million Series F round in October 2021, reaching an approximate valuation of $7.25 billion and employing roughly 1,500 people.
In February 2022, TripActions acquired Comtravo, a German corporate travel provider serving 2,500 customers with a workforce of 250 employees. The following year saw the company rebrand as Navan to consolidate its travel and expense solutions within a single application. In April 2023, Navan expanded further into India by acquiring Tripeur—its fifth acquisition over two years.
Navan completed a $300 million Series G funding round in October 2022 at a valuation of $9.2 billion but reduced its workforce by 5% by December 2023. In June 2024, during preparations for an initial public offering (IPO), Navan appointed Amy Butte—formerly an executive at NYSE—as chief financial officer.
On October 21, 2025, Navan revealed plans for its IPO involving nearly 37 million shares and officially went public on October 30 on Nasdaq under the ticker symbol NAVN. Although the company reported a 30% increase in revenue year-over-year, it remained unprofitable following the public offering.
Partnerships
Travelers have the option to connect Uber and Lyft mobile apps with their trip plans, significantly improving ease and efficiency during corporate journeys.