About CarteNav
CarteNav is a company based in Halifax (Canada) founded in 2002 was acquired by Exchange Income Corporation in August 2016.. CarteNav has raised $1.4 million across 2 funding rounds from investors including Lockheed Martin, Exchange Income Corporation and PAL Aerospace. The company has 55 employees as of December 31, 2024. CarteNav operates in a competitive market with competitors including Anduril, Hensoldt, Serco, Cubic and ST Engineering, among others.
- Headquarter Halifax, Canada
- Employees 55 as on 31 Dec, 2024
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Sectors
Aerospace, Defense & Maritime
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.4 M (USD)
in 2 rounds
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Latest Funding Round
$1.4 M (USD), Series A
Nov 02, 2016
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Investors
Lockheed Martin
& 3 more
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Employee Count
55
as on Dec 31, 2024
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Acquired by
Exchange Income Corporation
(Aug 08, 2016)
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Funding Insights of CarteNav
CarteNav has successfully raised a total of $1.4M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $1.4 million completed in November 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $1.4M
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First Round
First Round
(04 Jun 2012)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2016 | Amount | Series A - CarteNav | Valuation |
investors |
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| Jun, 2012 | Amount | Grant - CarteNav | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in CarteNav
CarteNav has secured backing from 4 investors, including institutional investors. Prominent investors backing the company include Lockheed Martin, Exchange Income Corporation and PAL Aerospace. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Manufacturer of global security and defense airplanes
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Founded Year | Domain | Location | |
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Economic development in Atlantic Canada is supported by federal initiatives.
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Founded Year | Domain | Location | |
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Diversified acquisition-oriented dividend company in aerospace and manufacturing
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by CarteNav
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - CarteNav
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Cartenav Comparisons
Competitors of CarteNav
CarteNav operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Anduril, Hensoldt, Serco, Cubic and ST Engineering, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
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Integrated solutions are provided for transportation and defense sectors.
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SaaS-based solutions for rail fleet operations management are developed.
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Diversified non-combat systems for defense industries are developed.
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Cartenav
Frequently Asked Questions about CarteNav
When was CarteNav founded?
CarteNav was founded in 2002 and raised its 1st funding round 10 years after it was founded.
Where is CarteNav located?
CarteNav is headquartered in Halifax, Canada. It is registered at Halifax, Nova Scotia, Canada.
Is CarteNav a funded company?
CarteNav is a funded company, having raised a total of $1.4M across 2 funding rounds to date. The company's 1st funding round was a Grant of $2.09M, raised on Jun 04, 2012.
How many employees does CarteNav have?
As of Dec 31, 2024, the latest employee count at CarteNav is 55.
What does CarteNav do?
CarteNav was founded in 2002 in Halifax, Canada, within the defense and aerospace sector. ISR mission software is developed to address varied operational requirements across platforms and sensors. Adaptable, multi-role solutions are provided for integration, sensor interfacing, and data management. Global support is offered through a network that handles assistance and training. Operations are focused on situational awareness and process efficiency in mission environments.
Who are the top competitors of CarteNav?
CarteNav's top competitors include Anduril, Hensoldt and ST Engineering.
Who are CarteNav's investors?
CarteNav has 4 investors. Key investors include Lockheed Martin, Exchange Income Corporation, PAL Aerospace, and Atlantic Canada Opportunities Agency.