TripActions, now Navan, is a corporate travel and expense management platform for businesses. It combines travel booking, payment cards, expense reporting, and analytics in one system. The company was founded in 2015 and is based in Palo Alto, US.
Access to pre-IPO shares is available to accredited investors through UpMarket.
TripActions shares are not on public exchanges. UpMarket provides accredited investors access through secondary market transactions.
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TripActions announced a $275 million Series F growth round on October 13, 2021, at a post-money valuation of $7.25 billion. The company said it had raised nearly $1.3 billion to date, signaling sustained investor demand.
TripActions described itself as a travel and spend management platform, with its $275 million round framed around demand for unified travel, expense, and spend management solutions. That positioning suggests expansion beyond booking into broader corporate finance workflows.
Calcalist reported TripActions had filed confidentially for an IPO and was still aiming for a public listing despite a dramatic downturn in the economy and stock market. The same report noted its prior $7.25 billion valuation and hinted at a tougher public-market backdrop.
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No. As of March 2026, TripActions is a private company and does not trade on any public stock exchange. Accredited investors can access TripActions shares through UpMarket, a FINRA-registered broker-dealer that specializes in pre-IPO investments.
TripActions 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 TripActions 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. TripActions 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.
TripActions, now Navan, runs a corporate travel and expense management platform with $613M in 2024 revenue, and its 2021 $275M raise at a $7.25B valuation underscores durable private-market demand — accredited investors can access TripActions stock through UpMarket.