Nav Raises $38M Series B Round, Expanded From Previously Announced Total Of $25M
The round expansion was led by Goldman Sachs Principal Strategic Investments with participation from CreditEase Fintech Investment Fund, Point72 Ventures, and Clocktower Technology Ventures.
It’s playoff basketball time, so there’s no shame in throwing a good pump fake. One second we’re sitting here, reading about Nav announcing a $25 million funding round, and the next second…PUMP FAKE, it’s actually a $38 million Series B round with the expansion led by Goldman Sachs Principal Strategic Investments. Lebron James would be proud.
CreditEase Fintech Investment Fund, Point72 Ventures, and Clocktower Technology Ventures also participated in the round. This is in addition to the previously announced $25 million, which was led by Experian and featured Crosslink Capital, Tencent Holdings, and others.
“Nav’s access to unique data introduces a new level of ease and transparency to small business credit and finance,” Rana Yared, Managing Director of Goldman Sachs Principal Strategic Investments group, said in a statement. “We’re excited to support Nav’s efforts to empower small business owners and help them scale their platform.”
Nav concentrates on small business finance and credit, providing tools that business owners use to simplify both areas. As CEO Levi King puts it, “We’re using data to help business owners understand their financial health and dramatically simplify the process of borrowing money and getting credit.”