# Navmatic

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

- Industry: Software
- Headquarters: Palo Alto, US
- Website: www.navmatic.io
- Total disclosed funding: $4M
- Latest round: Seed (Jun 9, 2020)
- Investors on record: 3

## About

Navmatic Inc, based in the US, specializes in developing innovative digital solutions such as website development tools and e-commerce platforms, aimed at enhancing online experiences for businesses and individuals.Founded in 2019 and headquartered in Palo Alto, US, Navmatic Inc focuses on providing advanced digital tools. The company has undergone a strategic shift, becoming a subsidiary of Superpedestrian, Inc. in July 2021. Boaz Mamo, the CEO and founder, leads the company following its acquisition, which was facilitated by various investors including Lear Innovation Ventures and Next Gear Ventures. To date, Navmatic has completed a total of 2 deals, raising USD 4.00 mn in their Seed funding round.Navmatic Inc offers a comprehensive suite of products designed to empower users in the digital space. Their core offerings include website development tools, e-commerce solutions, and digital marketing services, which provide users with intuitive interfaces for building and managing websites, integrating payment processing, and implementing targeted marketing strategies. The company primarily targets small to medium-sized enterprises (SMEs), freelancers, and entrepreneurs seeking to enhance their online presence. Their services are marketed in North America, Europe, and parts of Asia, catering to a diverse user base.Navmatic Inc operates on a subscription-based revenue model, allowing clients to access their suite of tools and services through tiered pricing plans. Customers subscribe to monthly or annual plans that offer different levels of access to features such as website templates, e-commerce functionalities, and marketing analytics. The company generates revenue through both direct-to-consumer and B2B transactions, partnering with retailers and wholesalers to broaden the distribution of their services.Looking ahead, Navmatic Inc plans to enhance its product lineup by developing new digital tools that cater to emerging market needs. The company targets expansion into additional geographic regions, particularly in Asia, by the end of 2023. The recent funding from the Seed round will be leveraged to support these initiatives, enhancing their capabilities and market reach. The acquisition by Superpedestrian, Inc. will also enable Navmatic to contribute to the development of advanced vehicle safety systems through its innovative technologies.

## Funding rounds

- Seed, Jun 9, 2020, $4M — UpWest, Next Gear Ventures, Lear Innovation Ventures

## Investors

- UpWest (https://capitalatlas.ai/funds/upwest) — Seed
- Next Gear Ventures (https://capitalatlas.ai/funds/next-gear-ventures) — Seed
- Lear Innovation Ventures (https://capitalatlas.ai/funds/lear-innovation-ventures) — Seed