TripActions

Business travel and expense management platform.

tripactions.com

HQ: San Francisco, CA, USA

Enterprise Software

Company research

Public company, workplace, funding, and market signals

Updated Aug 2, 2026

Overview

Navan, formerly TripActions, is a public, AI-powered business-travel, payments and expense-management company. It combines travel booking, corporate payments, automated expense reconciliation, policy/approval workflows, reporting and 24/7 support in one platform, serving businesses globally. It began trading on Nasdaq as NAVN in October 2025.

Primary product

Navan all-in-one business travel and expense platform, including Navan Travel, Navan Expense, Navan Payments/virtual cards, Navan Connect and the Ava AI assistant.

Founded

2015

Headquarters

3045 Park Blvd, Palo Alto, California 94306, United States

Team size

Approximately 3,000+; third-party workforce estimates range from about 2,100 to 3,844, depending on methodology and date.

Work style

Hybrid

Industry

Software / information technology

Sub-industry

B2B SaaS for corporate travel, payments, expense management and fintech

Offices

Palo Alto, California (HQ)

Austin, Texas

Boston, Massachusetts

Dallas, Texas

San Francisco, California

New York, New York

Bengaluru, India

Delhi, India

Gurugram, India

Berlin, Germany

Business model

B2B SaaS subscription

Travel-management and booking services

Enterprise travel and expense platform fees

Payments and corporate-card economics

Per-user expense pricing

Custom enterprise implementation and support

Funding

Stage

Public company; IPO completed October 2025

Total raised

$1.6B

Latest round

Initial public offering · Oct 2025

Latest amount

$923.1M

Initial public offering

Oct 2025 · Public investors

$923.1M

IPO (public offering)

Oct 2025 · Public offering (Nasdaq: NAVN) [Reuters coverage of IPO proceeds and filing](https://www.reuters.com/business/travel-tech-firm-navan-aims-raise-up-960-million-us-ipo-2025-10-10)

$923M

Credit facilities (non-equity)

Dec 2022 · Goldman Sachs Bank USA and Silicon Valley Bank (warehouse and asset-backed facilities) [Crunchbase News](https://news.crunchbase.com/travel-tourism/tripactions-credit-goldman-sachs)

$400M

Line of credit

Dec 2022 · Goldman Sachs and Silicon Valley Bank

$300M

Series G (equity + structured capital)

Oct 2022 · Coatue (structured capital lead); equity participation from Andreessen Horowitz, Premji Invest and others [Reuters / TechCrunch coverage](https://www.reuters.com/markets/us/tripaction-raises-equity-92-bln-valuation-gets-coatues-structured-financing-2022-10-12)

$304M

Series G

Oct 2022 · Andreessen Horowitz and Premji Invest

$300M

Debt financing II

Oct 2022 · Coatue

$150M

Series F

Oct 2021 · Greenoaks

$275M

Series E

Jan 2021 · Addition Ventures / Andreessen Horowitz

$155M

Debt financing

Jun 2020 · Greenoaks

$125M

Debt facility for TripActions Liquid (non-equity)

Feb 2020 · Silicon Valley Bank, Goldman Sachs, Comerica Bank (debt facility reported alongside product launch) [Navan press release / press coverage](https://investors.navan.com/news-releases/news-release-details/tripactions-launches-tripactions-liquid-revolutionize-global)

$500M

Series D

Jun 2019 · Andreessen Horowitz

$250M

Series C

Nov 2018 · Andreessen Horowitz

$154M

Series B

Mar 2018 · Lightspeed Venture Partners and Zeev Ventures

$51M

Series A-1

Apr 2017 · Lightspeed Venture Partners

$12.5M

Series A

Jan 2016 · Zeev Ventures and Lightspeed Venture Partners

$14.6M

Seed

Apr 2015 · Group 11 / SGVC

$4.2M

People & investors

Leadership

Ariel Cohen

Co-Founder & CEO

Ilan Twig

Co-Founder & CTO

Aurélien Nolf

Chief Financial Officer

Michael Sindicich

President

Ofer Ben-David

Chief Operating Officer

Hilary Phillips

Chief of Staff to CEO

Grant McGrail

Chief Revenue Officer

Howard Baik

General Counsel

Yoad Shraybom

CEO, Growth

Yuval Refua

Chief Product Officer, Payments & Expense

Michael Riegel

Chief Customer Officer

Erika White

Chief Marketing Officer

Nina Herold

CEO, Reed & Mackay, a Navan company

Investors

Work & culture

The company describes an AI-first, high-ownership, mission-driven and collaborative culture focused on making travel easy. Careers materials emphasize forward-thinking teams, customer focus and in-person connection; third-party careers evidence describes a hybrid model generally requiring four days per week in the office.

Work style

Hybrid

Visa sponsorship

Limited

Compensation

Public signals include equity, an ESPP and relocation assistance. H-1B filing databases show historical Navan sponsorship and reported U.S. salary bands, but sponsorship is role- and location-dependent; no universal promise was found.

Benefits

Flexible vacation

Medical, dental and vision healthcare

401(k)

16 weeks paid parental leave for birthing parents and 10 weeks for non-birthing parents

Commuter benefits

Connectivity allowance/stipend

Headspace mental-health resources

Employee Stock Purchase Plan

Pet insurance and dog-friendly offices

IATAN travel discounts

Discounted personal travel through Navan

Product & market

Pricing

Navan Business is advertised as free for companies with up to 300 employees; expense is free for the first five users and then $15 per user/month. Navan Enterprise uses customized pricing with implementation, dedicated support and negotiated corporate rates.

Differentiators

—Unified travel, payments and expense workflow
—AI-powered search, servicing and automation
—Ava virtual assistant reportedly handling about half of user interactions
—Navan Connect links existing cards across 250+ banks
—Broad GDS/NDC inventory plus 24/7 human travel support
—Real-time reporting and policy controls
—Land-and-expand model across travel, payments and expense

Technology

Navan Cognition AI framework

Ava AI virtual assistant

AI-integrated search and customer service

Navan Connect card-linking technology supporting 250+ banks

GDS and NDC airline inventory integrations

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Customers

Amplitude

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Okta

Box

Thomson Reuters

Snowflake

Datadog

MongoDB

Primark

Crate & Barrel

Toast

Wayfair

Glassdoor

Zoom

Shopify

Competitors

SAP Concur

TravelPerk

Expensify

Brex

Ramp

Egencia

American Express Global Business Travel

CWT

BCD Travel

Emburse

Scale & contact

Estimated revenue

Approximately $500M-$750M annual revenue; SEC reported $537M fiscal-2025 revenue and CNBC reported $613M trailing-twelve-month revenue around the IPO.

Estimated monthly visits

1.6M

press@navan.com +1-844-718-7773

Signals & risks

Layoff

Dec 2023

Navan confirmed a 5% workforce reduction, approximately 145 employees, as it pursued profitability and a delayed IPO.

Source

Acquisition

Jun 2026

Navan announced a definitive agreement to acquire Brazilian travel-management company Smartrips; closing was expected in fiscal Q2 2027 and terms were undisclosed.

Source

Acquisition

Navan expanded internationally through acquisitions including Comtravo in Germany, Tripeur in India and Reed & Mackay in the UK; integration and local-operator execution remain operational considerations.

Source

Other

Oct 2025

Navan completed its IPO at a $6.2 billion valuation and raised $923 million, but shares fell about 20% on the first trading day; the IPO valuation was below the $9.2 billion 2022 private valuation.

Source

Other

Oct 2025

The IPO registration filing reported continuing GAAP losses, including $181 million in fiscal 2025, alongside material debt and financing obligations.

Source

Latest news

Navan Expands in Latin America with Acquisition of Smartrips

Business Wire via Morningstar · Jun 2026

Navan announced an agreement to acquire Brazilian travel-management company Smartrips, its first acquisition as a public company, with expected closing in fiscal Q2 2027.

Travel tech firm Navan shares sink in first trade after $6 billion IPO

CNBC · Oct 2025

Navan raised $923 million in its IPO at a $6.2 billion valuation; shares fell about 20% on the first trading day. The report cited $613 million trailing revenue, $7.6 billion gross bookings and major customers including OpenAI and Anthropic.

Navan Seeks $6.45 Billion IPO Valuation — a 30% Haircut From 2022

Skift · Oct 2025

Ahead of the IPO, Navan reported $329.4 million revenue for the first six months of 2025, improving gross margin and narrowing operating losses, while still reporting a large GAAP loss.

Expense management startup Navan cuts staff to find profitability ahead of delayed IPO

TechCrunch · Dec 2023

Navan confirmed a 5% workforce reduction, approximately 145 people, during a profitability effort and delayed IPO process.

TripActions raises $300M at a $9.2B valuation

TechCrunch · Oct 2022

The former TripActions raised a $300 million Series G at a $9.2 billion valuation, its last major private equity round.

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