# TeleNav

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

- Industry: Software
- Headquarters: Santa Clara, US
- Website: www.telenav.com
- Total disclosed funding: $30M
- Latest round: Series E (Mar 1, 2006)
- Investors on record: 4

## About

TeleNav, Inc. is a specialized provider of connected car solutions, enhancing driving experiences through innovative navigation, entertainment, and commerce functionalities.Founded in 1999 in Santa Clara, US, TeleNav, Inc. focuses on delivering advanced navigation systems for connected vehicles. The firm had its most recent funding round as an IPO in May 2010, raising USD 56 mn. Hp Jin and Sal Dhanani are the founders, with Franz Morawetz serving as the CEO. TeleNav was involved in three funding deals, and it plans to transition to a private entity after being acquired by V99, Inc. in November 2020 for approximately USD 241 mn.TeleNav specializes in connected car solutions designed to improve driving experiences through state-of-the-art navigation, entertainment, and commerce functionalities. Its products include advanced navigation systems that seamlessly integrate location-based services. Their flagship product, VIVID Commerce, offers a voice-assisted interface that works with in-car navigation systems and infotainment solutions. TeleNav's offerings are utilized in various markets, including Europe, Australia, and New Zealand, in collaboration with automotive manufacturers such as Mazda and SAIC.In 2020, TeleNav reported a revenue of USD 240.35 mn and an EBITDA of USD 3.99 mn. The company predominantly generates revenue through collaborations with automotive manufacturers, providing integrated navigation and commerce solutions. This business-to-business (B2B) model includes subscription agreements for software updates and initial integration fees, establishing ongoing partnerships that align with the needs of drivers.TeleNav's strategy for future growth includes developing new products and expanding into additional markets. The recent IPO provides necessary capital to support these initiatives. Following its acquisition by V99, Inc., TeleNav aims to enhance its product offerings and strengthen partnerships with global automotive manufacturers while targeting increased market presence in regions beyond its existing footprint.

## Funding rounds

- Series E, Mar 1, 2006, $30M — Menlo Ventures, iGlobe Partners, Sycamore Ventures, Lehman Brothers

## Investors

- Menlo Ventures (https://capitalatlas.ai/funds/menlo-ventures) — Series E
- iGlobe Partners (https://capitalatlas.ai/funds/iglobe-partners) — Series E
- Sycamore Ventures (https://capitalatlas.ai/funds/sycamore-ventures) — Series E
- Lehman Brothers (https://capitalatlas.ai/funds/lehman-brothers) — Series E