# NAVENTIK

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/naventik

- Industry: Software
- Headquarters: Chemnitz, Germany
- Website: www.naventik.de
- Total disclosed funding: $2.5M
- Latest round: Seed (Feb 15, 2018)
- Investors on record: 2

## About

NAVENTIK GmbH specializes in providing precise positioning solutions, leveraging innovative technologies for automotive and industrial applications. The company's offerings enhance navigation accuracy and reliability across various sectors.Founded in 2017, NAVENTIK GmbH operates out of Chemnitz, Germany, focusing on high-precision positioning solutions. The company raised EUR 2 million in Seed funding on February 15, 2018, from investors including CFH Management and GPS Ventures. NAVENTIK GmbH currently has a total raised amount of EUR 2 million, with a valuation of EUR 6.824 million.NAVENTIK GmbH develops advanced positioning technologies aimed at automotive and industrial markets. Its core offerings include cloud-based GNSS correction services and positioning chips, providing centimeter-level accuracy for applications in autonomous vehicles and industrial automation.NAVENTIK GmbH generates revenue through direct sales and service agreements, focusing on high-precision positioning services integrated into larger systems, such as ADAS in vehicles. Their pricing model accommodates individual module purchases as well as comprehensive service packages tailored to various operational needs.With the recent Seed funding of EUR 2 million, NAVENTIK GmbH plans to enhance its product lineup by launching new positioning technologies in the automotive sector within the next year. The company is also looking to expand its presence in European and North American markets by 2024, utilizing the funds to support product development and market entry initiatives.

## Funding rounds

- Seed, Feb 15, 2018, $2.5M — CFH Management, GPS Ventures

## Investors

- CFH Management (https://capitalatlas.ai/funds/cfh-management) — Seed
- GPS Ventures (https://capitalatlas.ai/funds/gps-ventures) — Seed