Startup profile · funding coverage
TripActions funding, valuation and investors
Corporate travel and expense platform — rebranded Navan, IPO October 2025.
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Funding, valuation & investors
Answer-first snapshotLatest funding
Series G
$300M · October 2022
Latest known valuation
$9.2B
Series G · October 2022
Total disclosed equity funding
$300M
Excludes debt, grants, acquisitions, secondaries, and IPO proceeds.
Current status
public
public · Palo Alto, California, USA
Investors in latest funding
Other: Coatue , Lightspeed
Overview
TripActions (now Navan) provides corporate travel booking, expense management, and payment cards for businesses. Founded by Ariel Cohen and Ilan Twig, the company rebranded to Navan as it expanded beyond travel into full corporate spend. It raised a $300M Series G in October 2022 at $9.2B valuation with Coatue and Lightspeed among investors; Andreessen Horowitz participated in earlier rounds. Navan listed on Nasdaq in October 2025 under ticker NAVN, completing one of the notable enterprise SaaS IPOs of the period.
Why TripActions is interesting
TripActions merged travel, expense, and cards into one corporate spend OS — a16z, Coatue, and Lightspeed through $9B+ private rounds before Nasdaq listing as Navan.
Product & use cases
Navan (formerly TripActions) unifies corporate travel booking, expense reports, and corporate cards — giving finance teams real-time visibility into employee spend.
- Employees booking compliant business travel with policy enforcement
- Finance automating expense reconciliation and reporting
- Companies consolidating T&E and card spend on one platform
Key facts
- IPO (Oct 2025): Nasdaq listing as Navan (NAVN)
- Series G (Oct 2022): $300M at $9.2B valuation
- Rebranded from TripActions to Navan
- a16z, Coatue, Lightspeed among backers
Funding history (newest first)
Series G
2022-10 $300M Valuation: $9.2BInvestors in our directory
Funds linked from TripActions's profile — open a fund page for stage focus and related deal articles.
Competitive landscape
Edge: Integrated travel + expense + payments versus point solutions — consumer-grade UX for corporate users.
Corporate travel recovered post-COVID with higher software expectations. Navan's IPO tests public market appetite for integrated spend platforms versus incumbents.
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Concur (SAP) incumbent
Legacy T&E leader; slower UX innovation.
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Expensify adjacent
Expense-focused; less travel booking depth.
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Ramp / Brex adjacent
Corporate cards; expanding travel integrations.
Notable stories
- TripActions rebranded to Navan as it pushed beyond flights and hotels into corporate cards — the name change signaled ambition to own all employee spend (company press).
Industries
Market / IPO context
Ticker: NAVN (Nasdaq)
IPO status: public
IPO date: 2025-10
Editorial / static context — not a live quote.
Related funding articles
Venture Capital Tracker pieces that cover TripActions's financing or category context.
FAQs about TripActions
Practical answers founders, operators, and investors typically search for.
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