About Navix
Navix is a company based in Santa Rosa Beach (United States) founded in 2021 by Eric Krueger. It operates as a SaaS (Software-as-a-Service). 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 as of December 31, 2024. Navix offers products and services including Freight Audit Automation, Document Ingestion & Classification, and Dispute Handling & Resolution. Navix operates in a competitive market with competitors including AuditBoard, Ocrolus, Auditoria.AI, Caseware and FISCAL Technologies, among others.
- Headquarter Santa Rosa Beach, United States
- Employees 22 as on 31 Dec, 2024
- Founders Eric Krueger
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Navix.Io Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$9.73 M (USD)
in 2 rounds
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Latest Funding Round
$4.73 M (USD), Series A
Apr 25, 2024
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Investors
Venture 53
& 2 more
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Employee Count
22
as on Dec 31, 2024
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Products & Services of Navix
Navix offers a comprehensive portfolio of products and services, including Freight Audit Automation, Document Ingestion & Classification, and Dispute Handling & Resolution. 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.
Automated freight audit system for logistics providers offered.
Document scanning and classification using AI technology provided.
Automated dispute resolution for faster invoice approvals offered.
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Software Development Team
4 people
Leadership Team
2 people
Product Management Team
2 people
Co Team
1 people
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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 Total Funding
- Total Rounds 2
- Last Round Series A — $4.7M
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First Round
First Round
(15 Feb 2023)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2024 | Amount | Series A - Navix | Valuation |
investors |
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| Feb, 2023 | Amount | Seed - Navix | Valuation | Venture 53 |
| 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 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. 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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Venture 53 is focused on supply chain and logistics investments.
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Founded Year | Domain | Location | |
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TB
Tommy Barnes |
Angel investor focusing on Indian startups, background in tech and entrepreneurship.
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Founded Year | Domain | Location |
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RE
Rob Estes |
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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 Navix
| 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 - Navix
| 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 |
Navix Comparisons
Competitors of Navix
Navix 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 AuditBoard, Ocrolus, Auditoria.AI, Caseware and FISCAL Technologies, 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 |
Cloud-based GRC and audit management solutions are provided.
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| domain | founded_year | HQ Location |
Provider of bank accounts auditing solutions for businesses
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| domain | founded_year | HQ Location |
AI-driven audit automation solutions for enterprises are provided.
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| domain | founded_year | HQ Location |
Accounting and auditing software solutions are supplied worldwide.
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| domain | founded_year | HQ Location |
Cloud-based audit and risk management solutions are provided for businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Latest news on Navix
Frequently Asked Questions about Navix
When was Navix founded?
Navix was founded in 2021 and raised its 1st funding round 2 years after it was founded.
Where is Navix located?
Navix is headquartered in Santa Rosa Beach, United States. It is registered at Santa Rosa Beach, Florida, United States.
Who is the current CEO of Navix?
Eric Krueger is the current CEO of Navix. They have also founded this company.
Is Navix a funded 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 15, 2023.
How many employees does Navix have?
As of Dec 31, 2024, the latest employee count at Navix is 22.
What does Navix do?
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.
Who are the top competitors of Navix?
Navix's top competitors include AuditBoard, Ocrolus and Auditoria.AI.
What products or services does Navix offer?
Navix offers Freight Audit Automation, Document Ingestion & Classification, and Dispute Handling & Resolution.
Who are Navix's investors?
Navix has 3 investors. Key investors include Venture 53, Tommy Barnes, and Rob Estes.