Navan

About The Fund

Navan is a business travel and expense management solutions provider that caters to the needs of companies of various sizes, from small businesses to large enterprises. Its core offerings are geared towards simplifying and solving the complexities associated with corporate travel and expenses. Navan offers a comprehensive platform that encompasses a range of products including Business Travel Management and Expense Management solutions. Their investment in technology and software lends them a competitive edge, specifically targeting the industries of energy and utilities, industrial and manufacturing, professional services, real estate and construction, retail and e-commerce, and technology and software. Navan's platform empowers employees to book travel from an extensive inventory while ensuring adherence to spending limits, thus providing companies with unparalleled visibility, control over costs, and potential savings. They automate expense categorization, reporting, and reimbursements, and integrate expense data with enterprise resource planning systems, while flagging out-of-policy transactions. Their solution, Navan Connect, allows companies to link their existing Visa, Mastercard, or Amex cards to enjoy built-in approval flows with automatic reconciliation, without foregoing the benefits and rewards of their card programs. Navan stands out in the market by providing special rates, policy-based spend guardrails, and rewards programs that incentivize employees to make cost-saving decisions. Additionally, Navan offers a personal touch with its 24/7 expert travel support and the possibility of premium service for VIPs through Reed & Mackay agents. They promote their commitment to sustainability and offer resources like guides, blog posts, and technology insights to assist companies in optimizing their travel and expense management processes.