Navix

Based in Minnetonka, US, and founded in 2021, Navix operates as a software company that provides logistics SaaS solution that automates document retrieval and freight auditing. In February 2023, Navix raised USD 4. 46 million in seed funding from Venture 53. Navix is a creator of a payment invoices platform for document retrieval and freight auditing.

The company provides tools to automate processes that increase the cash conversion cycle and avoid variations, create profitability through configurable automation triggers, API integrations, and auditing services, and assist businesses in reducing human error from repetitive, time-consuming tasks. Furthermore, the company enables 3PLs and brokers to scale up their process automation, increasing their cash conversion cycle and providing better insights into their freight spend and discrepancies. The company plans to use the March 2023 funding to develop its product, including new features and functions, and expand its customer success and onboarding teams.