Companies · Other Technology

Nextnav Inc.

RESTON · Other Technology

Diligence memoA one-page analyst read on Nextnav Inc. — recommendation, valuation, rhythm, risks.
$205.0M
Total raised · real
2
Rounds
12.7×
Latest step-up
Top 2%
Sector rank · raised
Series D+
Latest stage · inferred · Thu Mar 27 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

Nextnav Inc. looks over-valued against its niche peers and is active on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the technology sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Over-valued
  • Modeled value is 1.74× the median modeled value of Series D+ Other Technology companies in 2025–2027 (60 peers) — value vs value, same stage and era.
Active
  • Last raise 15 mo ago; this sector typically re-raises about every 13 months.
  • Raising on or ahead of the sector's normal rhythm.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Other Technology

Nextnav Inc. is one of 21292 Other Technology companies tracked from RESTON. By capital raised it ranks among the largest (ahead of 99% of sector peers), and among the largest by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
15
Investors (latest)
2021
Year incorporated
2025-03-27
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$500M$1.0B$1.5B$2.0BSeries A · 2022-10-31 Raised $15M (real) Modeled valuation $162M (est)$15M$162MSeries A2022Series D+ · 2025-03-27 Raised $190M (real) Modeled valuation $1.8B (est)$190M$1.8BSeries D+2025+$190MCumulative $205M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Series A$15.0M · 2022
Series D+$190.0M · 2025no Series B / Series C on file

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series B, Series C — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 33%.

Modeled valuation trajectory
$1.8B
Base estimate est.
$1.1B
Conservative case
$2.3B
Upside case
$1.6B
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series D+a $100M–$400M round). Valuation is modeled from stage benchmarks scaled by the technology sector profile. Directional, not a quoted figure.

Series A · modeled $161.9M · 2022-10-312022Series D+ · modeled $1.8B · 2025-03-272025
Model inputs · modeled:benchmark-stage-stepup-v1
12%
Dilution assumption
Implied ownership sold in the financing.
83%
Survival probability
67% low · 92% high
1.29×/yr
Annual markup
1.44×/yr upside case
1.3 yr
Elapsed time used
1.3 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
29 mo
Avg between rounds
$85.3M/yr
Capital velocity
3.7 yr
On record since
2022
First round
2
Rounds on file
How it compares to the market

Benchmarked against 21292 companies in Other Technology. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 65× above median
This company$205.0M
Sector median$3.2M
Latest round — vs other Series D+ rounds in sector (real $, this stage) 1.7× above median
This company$190.0M
Sector median$115.0M
Modeled value — vs sector median (estimate, all stages) 49× above median
This company$1.8B
Sector median$37.3M

Raised more than 99% of sector peers (real $). Modeled value above 98% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series D+) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #14 of 60.

This companyCohort peer
$1.0B$10.0B$100.0M$1.0B$10.0BCapital raised (log)ServiceNow, Inc. · Series D+ Raised $459.3M · modeled $3.6B (est)Castelion Corp · Series D+ Raised $434.0M · modeled $3.1B (est)Cryptyde, Inc. · Series D+ Raised $350.9M · modeled $2.3B (est)Niantic Spatial, Inc. · Series D+ Raised $248.0M · modeled $2.3B (est)Robin Motor Ltd · Series D+ Raised $250.0M · modeled $2.2B (est)D-Wave Quantum Inc. · Series D+ Raised $275.0M · modeled $2.1B (est)Bending Spoons S.p.A. · Series D+ Raised $323.0M · modeled $2.0B (est)Signify Holdings, Inc. · Series D+ Raised $307.5M · modeled $2.0B (est)American Bitcoin Corp. · Series D+ Raised $220.1M · modeled $2.0B (est)Omatwt, Llc · Series D+ Raised $200.0M · modeled $2.0B (est)Covenantz Inc. · Series D+ Raised $400.0M · modeled $1.9B (est)Raintank Inc. · Series D+ Raised $913.7M · modeled $1.9B (est)Nextnav Inc. (this company) Raised $205.0M · modeled $1.8B (est)Nextnav Inc.
CompanyStageRaised · realValue · estvs peer med.
ServiceNow, Inc.Series D+$459.3M$3.6B3.41×
Castelion CorpSeries D+$434.0M$3.1B3.01×
Cryptyde, Inc.Series D+$350.9M$2.3B2.21×
Niantic Spatial, Inc.Series D+$248.0M$2.3B2.18×
Robin Motor LtdSeries D+$250.0M$2.2B2.11×
D-Wave Quantum Inc.Series D+$275.0M$2.1B2.05×
Bending Spoons S.p.A.Series D+$323.0M$2.0B1.92×
Signify Holdings, Inc.Series D+$307.5M$2.0B1.91×
American Bitcoin Corp.Series D+$220.1M$2.0B1.90×
Omatwt, LlcSeries D+$200.0M$2.0B1.89×
Covenantz Inc.Series D+$400.0M$1.9B1.86×
Raintank Inc.Series D+$913.7M$1.9B1.82×
Nextnav Inc. this companySeries D+$205.0M$1.8B1.74×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Series A$15.0M2022-10-31$68.2M$161.9M90%
Series D+$190.0M2025-03-27$1.6B$1.8B90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Series A$15.0M2022-10-31
    • First recorded raise — entered as Series A.
    • 32 investors on this round.
  2. Series D+$190.0M2025-03-27
    • Raised again after 29 mo — slower than the ~13 mo sector norm.
    • Round 12.7× larger than the prior — scaling up.
    • 15 investors on this round.
Intelligence
2027 ~Q3
Modeled next raise · ~29mo cadence
$570.0M
Modeled next size est.range $370.5M$912.0M
12.7×
Last step-up
$85.3M/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Bandel Carano16 other2025-03
Jonathan Marcus5 other2025-03
Alan B Howe4 other2022-10
Alan Howe4 other2025-03
Bandel L. Carano4 other2022-10
Neil Subin3 other2025-03
Ganesh Pattabiraman1 other2022-10
Gary Parsons1 other2022-10
Arun L. Raghupathy2022-10
CHRISTIAN GATES2025-03
Christian L. Gates2022-10
David L. Knutson2022-10
JAMES BLACK2025-03
Jim B. Fleming2022-10
JOHN MULETA2025-03
MARIAM SOROND2025-03
Neil L. Subin2022-10
NICOLA PALMER2025-03
Peter B. Aquino2022-10
Robert L. Lantz2022-10
SUSAN INSLEY2025-03
Registry & provenance

Nextnav Inc. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1865631
SEC CIK
2021
Incorporated
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
GOOD TECHNOLOGY CorpOther TechnologySeries D+$203.8M$195.7Mnetwork2 shared operators · same sector · same stage
NextNav Holdings, LLCOther TechnologySeries C$162.9M$140.6Mnetwork3 shared operators · same sector
Mobitv, Inc.Other TechnologySeries D+$124.8M$3.6Bnetwork1 shared operator · same sector · same stage
Solarflare Communications IncOther TechnologySeries B$198.2M$487.3Mnetwork1 shared operator · same sector
Swimlane, Inc.Other TechnologySeries D+$205.0M$1.3Bsame sector · same stage
Omatwt, LlcOther TechnologySeries D+$200.0M$2.0Bsame sector · same stage
Writer, Inc.Other TechnologySeries D+$200.0M$2.1Bsame sector · same stage
Lukka, Inc.Other TechnologySeries D+$199.2M$2.4Bsame sector · same stage
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
NextNav Holdings, LLCOther TechnologySeries C$140.6M97%
NextSense, Inc.Other TechnologySeries B$131.1M91%
Nextron Holdings LtdOther TechnologySeries A$33.6M90%
NextDroid, Inc.Other TechnologySeed$101.3M90%
NextCapital Group, IncOther TechnologySeries A$317.6M89%
Nextgen Avionics, Corp.Other TechnologyPre-Seed$21.3M89%
nextmv.io inc.Software / TechSeries A$262.6M89%
NextCapital Group, Inc.Other TechnologySeries B$913.7M89%
Frequently asked
How much funding has Nextnav Inc. raised?
Nextnav Inc. has raised approximately $205.0M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Nextnav Inc.'s estimated valuation?
Provath's modeled valuation for Nextnav Inc. is approximately $1.8B (modeled range $1.1B–$2.3B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Nextnav Inc. at?
Nextnav Inc.'s latest modeled financing stage is Series D+. Its most recent recorded round closed around Thu Mar 27.
What does Nextnav Inc. do and where is it based?
Nextnav Inc. operates in the Other Technology sector, based in RESTON.
Explore related

See where Nextnav Inc. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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