# NextNav

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

- Industry: Software
- Headquarters: Sunnyvale, US
- Website: www.nextnav.com
- Total disclosed funding: $70M
- Latest round: Series D (Jul 24, 2014)
- Investors on record: 5

## About

Founded in 2007 and based in California, US, NextNav LLC develops 3D (three-dimensional) geolocation technologies for indoor and urban locations.  CEO Ganesh Pattabiraman, Subbu Meiyappan, and Arun Raghupathy co-founded the company and have raised venture capital funding from private equity investors including, Goldman Sachs, New Enterprise Associates, and Oak Investment Partners. In June 2021, NextNav LLC agreed to merge with Spartacus Acquisition Corporation, a SPAC (special purpose acquisition company), at an enterprise value of USD 1200 million. 

The company's developers develop the Metropolitan Beacon System (MBS), a geolocation platform that uses the TerraPoiNT system, a solution that utilizes GPS and cell networks for more accurate and consistent trilateration. The company enables users to use location services where satellite-based GPS signals can’t reach and also provide a backup to GPS for critical infrastructure, mobile phones, Internet of Things (IoT) devices, and autonomous systems. The platform also covers ninety percent of buildings in the US for various applications including, public safety, enhanced 911, commercial apps, location-based gaming, and critical infrastructures.

NextNav LLC plans to list on the Nasdaq under the ticker symbol NNW upon completing the merger agreement.

## Funding rounds

- Series D, Jul 24, 2014, $70M — Columbia Capital, New Enterprise Associates, Oak Investment Partners, Goldman Sachs Asset Management, Telcom Ventures

## Investors

- Columbia Capital (https://capitalatlas.ai/funds/columbia-capital) — Series D
- New Enterprise Associates (https://capitalatlas.ai/funds/new-enterprise-associates) — Series D
- Oak Investment Partners (https://capitalatlas.ai/funds/oak-investment-partners) — Series D
- Goldman Sachs Asset Management (https://capitalatlas.ai/funds/goldman-sachs-asset-management) — Series D
- Telcom Ventures — Series D