Nav

Deal Snapshot

Company: Nav Technologies, Inc.

Website: nav.com

Sector / Category: Small business fintech / credit monitoring + financing marketplace

Headquarters: San Mateo, California, USA (also has had offices in Salt Lake City)

Founded: 2012

Former Name: Creditera (rebranded to Nav in 2015)

Investor: Frazier VC

Investment Vehicles: Fund III, Fund IV

Deal Type: Primary + Secondary

Round Types: Convertible note, Series A, plus secondaries

Company Overview

Nav is a financial health platform for small business owners, focused on helping businesses understand and improve their credit profile and access financing options that fit their qualifications. The platform combines credit visibility with a marketplace approach to match businesses to lending products and tools.

Public Funding / Capital Events

Series A (2014, $6.5M reported) — led by Kleiner Perkins 

Series B (2016–2017, increased to $38M total)Experian led a previously announced $25M Series B, and the round later increased to $38M with an additional $13M led by Goldman Sachs Principal Strategic Investments (with participation from CreditEase FinTech Investment Fund, Point72 Ventures, and Clocktower).

Series C (Feb 2019, $44.8M) — led by Goldman Sachs Principal Strategic InvestmentsParticipation included Point72 Ventures, Experian Ventures, Aries, and CreditEase FinTech Investment Fund.

Investment Summary

Frazier VC began investing in Nav in 2014 through a mix of primary and secondary purchases, including participation through convertible notes and Series A exposure. Fund III made purchases from 2020 to 2022, and Fund IV made the most recent purchase in April 2024.

Why We Invested

We invest in businesses with scalable growth potential and products that can become embedded in recurring workflows. Nav operates in a durable market where access to credit data and financing options is a persistent need for small businesses, and platform depth can strengthen over time through partnerships, data, and distribution. We also look for differentiated offerings and execution strength in competitive fintech categories, where trust, underwriting alignment, and network effects can create meaningful barriers to entry.

Other Investors

Kleiner Perkins Caufield & Byers

Experian

Goldman Sachs Principal Strategic Investments

Point72 Ventures

CreditEase FinTech Investment Fund

Clocktower Technology Ventures

Tencent (participation referenced in Series B context)

Aries

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