Tech Company Financing Transactions
Navix Funding Round
Private investors participated in a $5 million Seed capital raise for Navix. This venture round was announced on 3/28/2023.
Transaction Overview
Company Name
Announced On
3/28/2023
Transaction Type
Venture Equity
Amount
$5,000,000
Round
Seed
Investors
private investors (Rob Estes)
private investors (Tommy Barnes)
Proceeds Purpose
The new capital will be used to accelerate growth through investments in its product development and expansion of its customer success and onboarding teams. The increases in overall efficiencies will allow Navix to deliver an even better customer experience, greater value for its customers, and expand its product features and functionality in the future.
Company Information
Company Status
Private & Independent
Industry
Software
Mailing Address
601 Carlson Parkway 1050
Minnetonka, MN 55305
USA
Minnetonka, MN 55305
USA
Phone
Website
Email Address
Overview
Navix was founded on the idea that freight audit and payment is broken. This stuff is hard. In fact, we've felt the pain of doing it ourselves. Those back-office processes are outdated, clunky, and costly. So, in 2020, we set out to solve them in a more modern way. As freight industry experts, we knew which tasks we should outsource to people, and which ones we could just automate.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Technical Officer
Kevin Ziegler
Co-Founder
Eric Krueger
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