About Navix
Navix is a Technology company based in Santa Rosa Beach (United States) founded in 2021 by Eric Krueger. Navix is recognized for providing automated freight audit solutions. It operates on a SaaS (Software-as-a-Service) model. Navix has raised $9.73 million across 2 funding rounds from investors including Venture 53, Tommy Barnes and Rob Estes. The company has 22 employees. Its chief executive, as recorded, is Eric Krueger. Navix offers products and services including Freight Audit Automation, Document Ingestion & Classification, and Dispute Handling & Resolution. Its focus areas include Software and Logistics Software. Its legal entity is NAVIX.IO INC. Its competitors include AuditBoard, Ocrolus and Auditoria.AI; 3 of its 3 listed competitors have raised funding.
Company details
Navix is engaged in delivering automated freight audit and invoicing solutions tailored for logistics service providers, including 3PLs and freight brokers. The company operates within the technology sector, focusing on software that streamlines document ingestion, dispute resolution, and invoice approvals. Solutions offered by Navix are designed to reduce Days Sales Outstanding (DSO) by 3-10 days, improve operational efficiency, and enable scalability without increasing headcount. Partnerships with industry leaders like Tai Software and Cleo are established to enhance integration and accelerate cash flow for clients.
- Total Equity Funding$9.73M (USD)
in 2 rounds
- Latest Funding Round$4.73M (USD), Series A
Apr 2024
- InvestorsVenture 53
& 2 more
- Employee Count22
Products & Services of Navix
Navix offers a comprehensive portfolio of products and services, including Freight Audit Automation, Document Ingestion & Classification, and Dispute Handling & Resolution.
Automated freight audit system for logistics providers offered.
Document scanning and classification using AI technology provided.
Automated dispute resolution for faster invoice approvals offered.
Funding Insights of Navix
Navix has successfully raised a total of $9.73M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $4.73 million completed in April 2024. 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 $9.73M
- Total Rounds 2
- Last Round Series A — $4.73M
- First Round $5M
(Feb 2023)
- Investors Count 3
All 2 funding rounds of Navix with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2024 | $4.73M | Series A | – | – | – |
| Feb 2023 | $5M | Seed | – | Venture 53 |
3 investors in total: 1 institutional and 2 angel.
Investors in Navix
Navix has secured backing from 3 investors, including venture fund and angel investors. Prominent investors backing the company include Venture 53, Tommy Barnes and Rob Estes.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture 53 is focused on supply chain and logistics investments. | venture53.com | Midlothian, United States | ||
TB Tommy Barnes | Angel investor focusing on Indian startups, background in tech and entrepreneurship. | unknown_2a65171e6af64769b | ||
RE Rob Estes | unknown_17f42c56d7674655b |
Investor details for Navix
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People of Navix
9 people are tracked at Navix (7 in leadership, 2 in team); the tracked headcount is 22.
| Name | Role | Group |
|---|---|---|
Eric Krueger | Co-Founder & CEO | Leadership |
Jason Mansur | Co-founder | Leadership |
Wil Kratz, CTL | VP Of Solution Architecture And Implementation | Leadership |
Jeffrey Eul | Chief Operating And Technology Officer | Leadership |
Peter J. | Director Of Engineering | Leadership |
Kyle Wegman | Vice President Of Product Management | Leadership |
Ashley Smith | Director Of Customer Solutions | Leadership |
Drew Meyer | Product Manager | Team |
Brendan Kirchner | Technical Support Specialist | Team |
Complete people profiles for Navix
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Timeline of Navix
3 dated milestones of Navix across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Navix is founded.
- Funding First funding round of $5.0M.
- Funding Latest funding round, Series A, of $4.7M.
Competitors of Navix
Navix has 3 listed competitors in our database, 3 of them funded. They include AuditBoard, Ocrolus and Auditoria.AI.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| auditboard.com | 2014 | Cerritos, United States | $43.61M | 642 | Cloud-based GRC and audit management solutions are provided. | |
| ocrolus.com | 2014 | New York, United States | $122.31M | 145 | Provider of bank accounts auditing solutions for businesses | |
| auditoria.ai | 2019 | Menlo Park, United States | $60.52M | 26 | AI-driven audit automation solutions for enterprises are provided. |
Detailed competitors of Navix
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Web traffic of Navix
The website of Navix (navix.io) receives about 3.3K visits a month.
- Monthly visits3.3K
▲ 98% vs previous month
Websites whose visitors overlap most with Navix. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| navixhealth.com | 100% | #8,171,692 | View details | ||
| tcitransportation.com | 77% | #1,700,195 | View details | ||
| sobelnet.com | 73% | 7.3K | #2,984,352 | View details |
Top companies in Finance & Accounting Applications
3 companies that operate in the same segment as Navix (Finance & Accounting Applications) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 3,108 | |
Corporate travel and expense management are facilitated through SaaS platform. | 2015 | Palo Alto, California, United States | USD 1.58 B | USD 3.52 M | 847 | |
Financial and accounting software is developed for businesses and individuals. | 1983 | Mountain View, California, United States | USD 49.62 M | USD 21.45 B | 18,200 |
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Related news about Navix
Complete news archive for Navix
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Frequently Asked Questions about Navix
Navix was founded in 2021 and raised its 1st funding round 2 years after it was founded.
Navix is headquartered in Santa Rosa Beach, United States. It is registered at Santa Rosa Beach, Florida, United States.
Eric Krueger is the CEO of Navix, as recorded in our data. They have also founded this company.
Navix is a funded company, having raised a total of $9.73M across 2 funding rounds to date. The company's 1st funding round was a Seed of $5M, raised on Feb 2023.
Navix has 22 employees.
Navix is engaged in delivering automated freight audit and invoicing solutions tailored for logistics service providers, including 3PLs and freight brokers. The company operates within the technology sector, focusing on software that streamlines document ingestion, dispute resolution, and invoice approvals. Solutions offered by Navix are designed to reduce Days Sales Outstanding (DSO) by 3-10 days, improve operational efficiency, and enable scalability without increasing headcount. Partnerships with industry leaders like Tai Software and Cleo are established to enhance integration and accelerate cash flow for clients.
Navix's top competitors include AuditBoard, Ocrolus and Auditoria.AI.
Navix offers Freight Audit Automation, Document Ingestion & Classification, and Dispute Handling & Resolution.
Navix has 3 investors. Key investors include Venture 53, Tommy Barnes, and Rob Estes.
Navix operates through Navix.Io Inc..