Navan is a global AI-powered business travel and expense management platform. It combines booking, expense, and corporate payments software for companies, including frequent-traveler programs.
Access to pre-IPO shares is available to accredited investors through UpMarket.
Latest Price
$9.2B
Series G, Oct 2022, Perplexity
UpMarket Estimate
$7.8B
Based on UpMarket valuation model
How to Invest in Navan Through UpMarket
Navan shares are not on public exchanges. UpMarket provides accredited investors access through secondary market transactions.
Step 01
Verify accredited investor status
Confirm eligibility under SEC Rule 501 of Regulation D. Income or net worth threshold applies.
Step 02
Create an UpMarket account
Complete KYC/AML onboarding. Typically 1–2 business days. Licensed rep assigned on signup.
Step 03
Review available Navan offerings
Full offering memoranda and risk disclosures provided before any commitment is required.
Step 04
Complete subscription documents
Review and sign subscription agreement. All documents handled digitally through the platform.
Step 05
Fund your investment
Wire transfer or ACH. $50K minimum. Funds held in custodial account until close.
Pre-IPO investments are illiquid, speculative, and involve risk of total loss of capital.
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Valuation Growth Over Time
Post-money valuation by round
Previous roundsMost recent
Date
Round
PPS (split-adj.)
Valuation
Oct 2022
Series G
$9.2B
Navan Revenue and Growth
Annual revenue
Why Investors Are Watching Navan
Growth Signal
Navan raised $2.2B and targeted a $6.45B IPO valuation
As of April 2023, Navan had raised $2.2 billion from investors including Andreessen Horowitz, Lightspeed, Greenoaks, Zeev Ventures, and Elad Gil. Forge reported that Navan later targeted a US IPO valuation of up to $6.45 billion, after a 2022 round valued it at $9.2 billion.
Product Milestone
Navan bundles travel booking, expenses, and corporate cards
Contrary describes Navan as an end-to-end corporate travel management platform with booking, tracking, reporting, and expensing tools. The company also pairs mobile and web booking with automatic expense report generation, 24/7 support, and incentives such as Amazon gift cards and flight upgrades.
Market Opportunity
Navan targets a huge corporate travel and expense market
MicroVentures says Navan serves startups through multinational corporations with integrated business travel and expense management. Its software is designed to streamline booking, automate expense workflows, and provide real-time financial oversight, indicating a broad enterprise use case.
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No. As of March 2026, Navan is a private company and does not trade on any public stock exchange. Accredited investors can access Navan shares through UpMarket, a FINRA-registered broker-dealer that specializes in pre-IPO investments.
Navan does not have a public stock price because it is privately held. The most recent known share price comes from its last funding round. Pre-IPO share prices on the secondary market may differ from the last round price depending on supply, demand, and market conditions.
Yes. Accredited investors can indicate interest in Navan shares through UpMarket by filling out the form on this page or creating an account at upmarket.co. All pre-IPO offerings are subject to availability and require a $50,000 minimum investment. UpMarket is a FINRA-registered broker-dealer and has brokered alternative investments since 2019.
Pre-IPO investments carry significant risks. Navan shares are illiquid, meaning there is no public market to sell them quickly. There is no guaranteed exit timeline or return. The investment is speculative in nature, and investors should be prepared for the possibility of total loss. Valuations of private companies can fluctuate substantially between funding rounds. Investors should consult their financial advisor and review all offering documents before investing.
In a pre-IPO transaction, accredited investors purchase shares from existing shareholders (such as employees, early investors, or other holders) through secondary market platforms. The company itself does not issue new shares in these transactions. UpMarket facilitates these trades as a FINRA-registered broker-dealer, handling compliance, documentation, and settlement on behalf of both parties.
There are two primary exit paths for pre-IPO holdings: selling your shares on the secondary market to another buyer, or holding until the company completes an IPO or is acquired. Both paths are subject to transfer restrictions, company approval (right of first refusal), and market conditions. The timing of any exit is unpredictable, and investors should plan for a multi-year holding period.
The minimum investment for most pre-IPO offerings on UpMarket is $50,000. This amount may vary depending on the specific offering and share availability. There are no fees to create an UpMarket account or browse available investments. Investors only pay transaction-related fees when they complete an investment.
UpMarket's valuation estimate of is derived from a proprietary model that incorporates multiple data sources: funding round data (Caplight), revenue estimates (Sacra), secondary market pricing, and public company comparables. The model applies a private company discount to the public comp multiple to account for illiquidity and information asymmetry. This estimate is not investment advice and may differ substantially from the price at which shares actually trade.
Navan runs a global AI-powered business travel and expense management platform with $613M in 2024 revenue, and after raising $2.2B at a targeted $6.45B IPO valuation, it is positioned for public-market scrutiny — accredited investors can access Navan stock through UpMarket.