Tech Company Financing Transactions

NextNav Holdings Funding Round

On 7/24/2014, NextNav Holdings received $70 million in Series D financing from New Enterprise Associates, Oak Investment Partners and Columbia Capital.

Transaction Overview

Company Name
NextNav Holdings
Announced On
7/24/2014
Transaction Type
Venture Equity
Amount
$70,000,000
Round
Series D
Investors

New Enterprise Associates (Lead Investor) (Peter Barris)

Oak Investment Partners (Lead Investor) (Bandel Carano)

Columbia Capital (Monish Kundra)

Goldman Sachs

Telcom Ventures

Proceeds Purpose
The financing will be used to extend the commercialization of NextNav's revolutionary Metropolitan Beacon System ("MBS") positioning network. MBS provides reliable, accurate horizontal and vertical location services inside buildings and in urban areas where satellite-based GPS signals aren't available or reliable. The Company is deploying its MBS network much like a cellular network, resulting in wide-area coverage that delivers its location services to every building within its network footprint.

Company Information

Company Status
Private & Independent
Industry
Wireless
Mailing Address
7926 Jones Branch Dr. 500
McLean, VA 22102
USA
Phone
800-775-0982
Website
www.nextnav.com
Email Address
[email protected]
Overview
NextNav, LLC was founded in 2007 to solve the indoor positioning problem, taking into account ecosystem issues, high-precision performance requirements and the economics of the location market.
Profile
NextNav Holdings LinkedIn Company Profile
Social Media
NextNav Holdings Company Twitter Account
Company News
NextNav Holdings News
Facebook
NextNav Holdings on Facebook
YouTube
NextNav Holdings on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Ganesh Pattabiraman
  Ganesh Pattabiraman LinkedIn Profile  Ganesh Pattabiraman Twitter Account  Ganesh Pattabiraman News  Ganesh Pattabiraman on Facebook
Chief Financial Officer
Eric Swank
  Eric Swank LinkedIn Profile  Eric Swank Twitter Account  Eric Swank News  Eric Swank on Facebook
VP - Bus. Development
Christian Gates
  Christian Gates LinkedIn Profile  Christian Gates Twitter Account  Christian Gates News  Christian Gates on Facebook
VP - Bus. Development
Thomas Wrappe
  Thomas Wrappe LinkedIn Profile  Thomas Wrappe Twitter Account  Thomas Wrappe News  Thomas Wrappe on Facebook
VP - Engineering
Subbu Meiyappan
  Subbu Meiyappan LinkedIn Profile  Subbu Meiyappan Twitter Account  Subbu Meiyappan News  Subbu Meiyappan on Facebook
VP - Engineering
Arun Raghupathy
  Arun Raghupathy LinkedIn Profile  Arun Raghupathy Twitter Account  Arun Raghupathy News  Arun Raghupathy on Facebook
VP - Operations
David Knutson
  David Knutson LinkedIn Profile  David Knutson Twitter Account  David Knutson News  David Knutson on Facebook

 

 

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