Navan confirmed a 5% workforce reduction, approximately 145 employees, as it pursued profitability and a delayed IPO.
SourceBusiness travel and expense management platform.
Public company, workplace, funding, and market signals
Updated Aug 2, 2026
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
199 jobs at TripActions
Sub-industry
B2B SaaS for corporate travel, payments, expense management and fintech
Offices
Business model
Stage
Public company; IPO completed October 2025
Total raised
$1.6B
Latest round
Initial public offering · Oct 2025
Latest amount
$923.1M
Oct 2025 · Public investors
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)
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)
Dec 2022 · Goldman Sachs and Silicon Valley Bank
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)
Oct 2022 · Andreessen Horowitz and Premji Invest
Oct 2022 · Coatue
Oct 2021 · Greenoaks
Jan 2021 · Addition Ventures / Andreessen Horowitz
Jun 2020 · Greenoaks
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)
Jun 2019 · Andreessen Horowitz
Nov 2018 · Andreessen Horowitz
Mar 2018 · Lightspeed Venture Partners and Zeev Ventures
Apr 2017 · Lightspeed Venture Partners
Jan 2016 · Zeev Ventures and Lightspeed Venture Partners
Apr 2015 · Group 11 / SGVC
Leadership
Co-Founder & CEO
Ilan Twig
Co-Founder & CTO
Aurélien Nolf
Chief Financial Officer
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
Chief Marketing Officer
CEO, Reed & Mackay, a Navan company
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
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
Technology
Customers
Competitors
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
Navan confirmed a 5% workforce reduction, approximately 145 employees, as it pursued profitability and a delayed IPO.
SourceNavan announced a definitive agreement to acquire Brazilian travel-management company Smartrips; closing was expected in fiscal Q2 2027 and terms were undisclosed.
SourceNavan 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.
SourceNavan 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.
SourceThe IPO registration filing reported continuing GAAP losses, including $181 million in fiscal 2025, alongside material debt and financing obligations.
SourceBusiness 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.
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.
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.
TechCrunch · Dec 2023
Navan confirmed a 5% workforce reduction, approximately 145 people, during a profitability effort and delayed IPO process.
TechCrunch · Oct 2022
The former TripActions raised a $300 million Series G at a $9.2 billion valuation, its last major private equity round.