Navan (Nasdaq: NAVN), formerly TripActions, is the Israeli-founded corporate travel and expense platform that listed on Nasdaq in October 2025 at a $6…
Capital & Finance · 51 stories · Updated Sep 11, 2026
Venture & Exits
The money behind Israeli startups and the terms behind their exits. Inside funding rounds, acquisitions and the route to public markets.
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51 storiesNavan: Israeli-Founded Corporate Travel Platform
Navan (Nasdaq: NAVN), formerly TripActions, is the Israeli-founded corporate travel and expense platform that listed on Nasdaq in October 2025 at a $6.21 billion valuation.
Read →Israeli tech entered one of its most active capital cycles since 2021. Per Startup Nation Central, total fundraising hit $15.6 billion in 2025 — up 24% from 2024 and 68% from 2023. Total M&A reached $74.3 billion across 150 transactions, headlined by Google's $32 billion Wiz acquisition and Palo Alto Networks' $25 billion CyberArk acquisition; excluding those two deals, M&A still rose 12% year over year.
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The internal composition matters more than the headlines.
2025 saw the lowest deal volume in a decade — 717 funding rounds — with median deal size jumping to $10 million, a 67% year-over-year increase. Mega-rounds above $100 million captured roughly half of all capital raised; in 2024 they accounted for 41%, in 2023 just 22%. AI applications and cybersecurity together absorbed 70% of total capital — $4.5B and $4.1B respectively.
For the first time since 2021, Israel saw a return to large IPOs, with Navan, eToro, and Via going public; combined with convertible bond offerings from Wix and Check Point, an additional $10.3 billion flowed into Israeli companies.
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