Navan Files for IPO: The Opening of B2B IPO Floodgates?
SaaStr
JUNE 22, 2025
Navan represents something different: a mainstream B2B software company with enterprise clients and subscription revenue models that institutional investors understand. Q3-Q4 2025 Discord 2015 Humam Sakhnini* Communication ~$600M $15B 2025 Figma 2012 Dylan Field Design Software $600M $12.5B volume $91.5B
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