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FT Partners Advises Nav on its $38,000,000 Minority Series B Financing

Overview of Transaction

  • On May 3, 2017, Nav announced it has raised $13 million in additional Series B financing, increasing the round to $38 million
  • The round expansion was led by Goldman Sachs Principal Strategic Investments group with participation from CreditEase FinTech Investment Fund, Point72 Ventures and Clocktower Technology Ventures
  • On September 21, 2016 Nav initially raised $25 million in Series B equity financing led by Experian with participation from existing investors including Kleiner Perkins Caufield & Byers and Crosslink Capital
  • Nav and Experian also announced a strategic partnership to provide SMBs greater transparency into their business and personal credit data, along with instant access to their most-qualified financing options
  • Nav enables SMBs to manage their entire credit and financial profile and provides access to financing and business services through its marketplace offerings
  • Experian is a leading global information services company, providing data and analytical tools to help businesses manage credit risk, prevent fraud and automate decision making

Significance of Transaction

  • The transaction capitalizes on Nav's strong growth and traction and firmly positions the Company to expand its marketplace offerings and continue to disrupt the credit and financing space
  • The strategic partnership allows Nav to combine Experian's deep levels of data on consumers and businesses with its industry leading platform, empowering SMBs with technology to improve their credit and streamline access to funding

FT Partners' Role

  • FT Partners served as exclusive strategic and financial advisor to Nav and its Board of Directors
  • Transaction demonstrates FT Partners' continued success advising on financings for leading, world class Financial Technology companies