Navan: The Israeli-Founded Corporate Travel Platform That Listed on Nasdaq at $6.21 Billion
Navan (Nasdaq: NAVN) — Israeli-founded corporate travel and expense management platform; 2025 listing at $6.21B valuation.
Nasdaq: NAVN (formerly TripActions) · Israeli-founded corporate travel and expense management platform; the largest Israeli SaaS travel-tech listing
Navan is the Israeli-founded corporate travel and expense management platform that listed publicly in 2025 — the largest Israeli SaaS travel-tech listing and a structural example of post-2024 Israeli IPO pipeline.
Founded in 2015 by Ariel Cohen and Ilan Twig as TripActions and rebranded as Navan in 2023, the company completed its Nasdaq IPO on October 30, 2025 at a $6.21 billion implied valuation. The platform integrates corporate travel booking, expense management, and payments into a unified SaaS architecture.
Company Snapshot
| Company | Navan, Inc. (formerly TripActions) |
| Ticker | Nasdaq: NAVN |
| Sector | Corporate travel management, expense management SaaS |
| Founded | 2015, by Ariel Cohen and Ilan Twig |
| Headquarters | Palo Alto, California (US); Tel Aviv (Israeli operations) |
| IPO year | 2025 (October 30, Nasdaq: NAVN, $6.21B implied valuation) |
| CEO | Ariel Cohen, co-founder |
| Product line | Corporate travel booking, expense management, integrated payments |
Why it matters
Navan is one of the structural Israeli SaaS listings of the post-2024 IPO cycle and the listed Israeli position in corporate travel-and-expense management.
Olam coverage
See the Olam topical pieces The Israeli IPO Return, Navan's $6.21 Billion Nasdaq Listing, and the flagship Olam Nasdaq 20.
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