Navan Raises $300 Million at a $9.2 Billion Valuation

Navan is an all-in-one corporate travel and expense management platform that simplifies business processes by integrating travel booking, corporate card issuance, and expense reporting into a single, seamless solution. The company focuses on providing a unified platform that automates the entire travel and expense workflow—from real-time booking and policy enforcement to automated reconciliation—with the goal of providing an efficient, consumer-grade experience for employees and centralized control for finance teams globally.

Navan has raised $300 million in Series G funding, achieving a $9.2 billion post-money valuation. The round includes $154 million in equity from new and existing investors and a $150 million structured capital transaction led by Coatue.

Navan, headquartered in Palo Alto, California, United States, was founded in 2015 by Ariel Cohen and Ilan Twig. In 2018, the company joined the unicorn club. “Navan is building the best travel and expense management solution in the world. The recent funding round shows not only the strength of its business model but also the value to companies looking to increase savings and enable responsible spending. Navan is proof that empowering users through relentless innovation and automation is the future of travel,” said Navan CEO and co-founder Ariel Cohen.