# Nav Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/nav-technologies

- Industry: Financial Services
- Headquarters: Draper, US
- Website: www.nav.com/
- Total disclosed funding: $88M
- Latest round: Series C (Feb 11, 2019)
- Investors on record: 14

## About

Nav Technologies, Inc. is a financial technology firm based in the US that provides small businesses with essential tools to enhance their credit health and access tailored financing options.Nav Technologies, Inc. was founded in 2012 in Draper, US. The company specializes in offering financial technology solutions that help small businesses improve their credit profiles. In February 2019, Nav raised USD 44.8 mn in Series C funding, led by Goldman Sachs Merchant Banking Division, with contributions from other investors including CreditEase Corp., Point72 Ventures, and Tencent Holdings Limited. The CEO of Nav is Greg Ott.Nav Technologies, Inc. specializes in providing a suite of financial tools aimed at enhancing the credit health of small businesses. Central to its offerings is the Nav Prime membership, which allows users to monitor and build their business credit profiles across all three major credit bureaus. Through real-time alerts and detailed credit reports, businesses can identify factors impacting their credit scores, thus enabling informed financial decisions. Additionally, Nav facilitates access to financing options, including loans and credit cards, tailored to the specific needs of small business owners. The company caters primarily to small and medium-sized enterprises across the United States, with a focus on enhancing financial literacy and credit understanding among its clientele.Nav Technologies generates revenue primarily through its subscription-based Nav Prime service, which provides users with ongoing access to business credit monitoring tools and resources. The revenue model is structured around monthly or annual subscription fees paid by its customers, who include small business owners and entrepreneurs seeking to improve their financial health. As users engage with the platform, they may also leverage additional financial services, such as loan matching or credit card offerings, which further contribute to the company's revenue streams. The pricing structure for Nav Prime and other services is designed to provide value by consolidating multiple credit monitoring features at a cost-effective rate compared to purchasing individual memberships from credit bureaus. This model positions Nav as a comprehensive resource for small businesses navigating the complexities of credit and financing in the U.S. market.In February 2019, Nav Technologies, Inc. raised USD 44.8 mn in Series C funding to support its growth strategy, focusing on expanding enterprise partnerships and improving customer experience. The company plans to introduce new products aimed at enhancing credit monitoring and financial services for small businesses, with a goal of launching these innovations within the next year. Additionally, Nav is targeting expansion into new markets throughout the U.S., aiming to broaden its customer base and reach more small business owners.

## Funding rounds

- Series C, Feb 11, 2019, $45M — Kleiner Perkins, Goldman Sachs Asset Management, CreditEase Corp., Tencent Holdings Limited, Point72 Asset Management, Aries Capital Partners, Experian Ventures
- Series B, Apr 19, 2017, $14M — Goldman Sachs Asset Management, Album VC, CreditEase Corp., Point72 Asset Management, Clocktower Technology Ventures
- Series B, Aug 19, 2016, $21M — Kleiner Perkins, Crosslink Capital, Tencent Holdings Limited, Experian Ventures
- Series A, Jul 15, 2014 — Album VC
- Series A, Feb 1, 2014, $6.5M — Kleiner Perkins, Album VC
- Seed, Nov 13, 2013, $0.8M — Kleiner Perkins, Crosslink Capital, Experian Plc, Goldman Sachs Asset Management, Tencent Investment, Point72 Asset Management, Clocktower Technology Ventures, Hack VC
- Seed, May 14, 2013, $0.5M — Kickstart

## Investors

- Kickstart (https://capitalatlas.ai/funds/kickstart) — Seed
- Kleiner Perkins (https://capitalatlas.ai/funds/kleiner-perkins) — Seed, Series A, Series B, Series C
- Crosslink Capital (https://capitalatlas.ai/funds/crosslink-capital) — Seed, Series B
- Experian Plc — Seed
- Goldman Sachs Asset Management (https://capitalatlas.ai/funds/goldman-sachs-asset-management) — Seed, Series B, Series C
- Tencent Investment — Seed
- Point72 Asset Management — Seed, Series B, Series C
- Clocktower Technology Ventures (https://capitalatlas.ai/funds/clocktower-technology-ventures) — Seed, Series B
- Hack VC (https://capitalatlas.ai/funds/hack-vc) — Seed
- Album VC (https://capitalatlas.ai/funds/album-vc) — Series A, Series B
- Tencent Holdings Limited — Series B, Series C
- Experian Ventures (https://capitalatlas.ai/funds/experian-ventures) — Series B, Series C
- CreditEase Corp. — Series B, Series C
- Aries Capital Partners (https://capitalatlas.ai/funds/aries-capital-partners) — Series C