About Navarik
Navarik is a company based in Vancouver (Canada) founded in 2000 was acquired by Vela Software in September 2020.. Navarik has raised $1 million across 1 funding round from investors including Vela Software and BC Discovery Fund. The company has 38 employees as of December 31, 2024. Navarik offers products and services including Navarik Inspection and Navarik VEF. Navarik operates in a competitive market with competitors including SkyBitz, Kpler, Vortexa, BunkerTrace and Minerva Bunkering, among others.
- Headquarter Vancouver, Canada
- Employees 38 as on 31 Dec, 2024
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Sectors
Energy & Utilities
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Email
***********
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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 M (USD)
in 1 rounds
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Latest Funding Round
$1 M (USD), Seed
May 13, 2008
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Investors
Vela Software
& 1 more
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Employee Count
38
as on Dec 31, 2024
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Acquired by
Vela Software
(Sep 04, 2020)
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Products & Services of Navarik
Navarik offers a comprehensive portfolio of products and services, including Navarik Inspection and Navarik VEF. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Software to manage cargo inspection lifecycle and reduce risks.
Tool for estimating cargo volumes using historical data ratios.
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Funding Insights of Navarik
Navarik has successfully raised a total of $1M through 1 strategic funding round. The most recent funding activity was a Seed round of $1 million completed in May 2008. 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 1
- Last Round Seed — $1.0M
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First Round
First Round
(13 May 2008)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2008 | Amount | Seed - Navarik | 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 Navarik
Navarik has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Vela Software and BC Discovery Fund. 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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Investments are focused on Canadian tech and energy companies.
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Founded Year | Domain | Location | |
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Software development services are provided to clients by Vela Software.
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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 Navarik
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Navarik
| 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 |
Navarik Comparisons
Competitors of Navarik
Navarik 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 SkyBitz, Kpler, Vortexa, BunkerTrace and Minerva Bunkering, 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.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Remote asset tracking and management solutions are provided globally.
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| domain | founded_year | HQ Location |
Offers a marine data intelligence tracking platform
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| domain | founded_year | HQ Location |
AI-based data processing for global hydrocarbon flows is offered.
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| domain | founded_year | HQ Location |
Provider of blockchain-based cargo tracking solutions for the oil and gas industry
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| domain | founded_year | HQ Location |
Provides marine fuel supply, bunker trading, and cargo services to vessels worldwide.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
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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Frequently Asked Questions about Navarik
When was Navarik founded?
Navarik was founded in 2000 and raised its 1st funding round 8 years after it was founded.
Where is Navarik located?
Navarik is headquartered in Vancouver, Canada. It is registered at Vancouver, British Columbia, Canada.
Is Navarik a funded company?
Navarik is a funded company, having raised a total of $1M across 1 funding round to date. The company's 1st funding round was a Seed of $1M, raised on May 13, 2008.
How many employees does Navarik have?
As of Dec 31, 2024, the latest employee count at Navarik is 38.
What does Navarik do?
Navarik was founded in 2000 in Vancouver, Canada, within the energy sector. A digital platform is provided for managing trade execution of oil and oil products. Data capture and structured workflows are supported throughout the process. Inspection scheduling is enabled, along with documentation from inspections and loss control measures focused on essential activities. Operations center on streamlining trade documentation and compliance in the global oil market.
Who are the top competitors of Navarik?
What products or services does Navarik offer?
Navarik offers Navarik Inspection and Navarik VEF.
Who are Navarik's investors?
Navarik has 2 investors. Key investors include Vela Software, and BC Discovery Fund.