The market shifted. The world shut down. @Navan kept building. This team has always stood out for their focus, determination, and vision. We had the privilege of partnering with Navan early on and saw firsthand the discipline that fueled their growth. They built with purpose, scaled with intent, and reached one of the biggest milestones for any founder: an IPO. Congrats to Co-Founders @arielcoco & @itwig and the whole team at Navan. We are proud to have backed this team from seed and into their next chapter as a public company. Cc: Lightspeed Partners @Ravi_lsvp and @arifj, and Navan CFO Amy Butte #NavanIPO #NAVN