Amount Raised
$50 Million
Round Type
Debt Financing
RestonInformation TechnologyMobileLocation Based ServicesNavigationInvestors
Description
NextNav Inc. (Nasdaq: NN), a leader in next generation GPS, today announced the closing of a private offering (the "Offering") of $50 million aggregate principal amount of 10.00% Senior Secured First Lien Notes (the "Notes") due December 2026 to a group of lenders (the "Lenders"), including Whitebox Advisors LLC, Susquehanna International Group, and Clutterbuck Capital Management, on May 9, 2023. The Lenders will also have the exclusive option to purchase an additional $20 million of Notes on the same terms for 30 days following the close. The facility provides the ability to issue up to a maximum $80 million aggregate principal amount of Notes.
Who else raised in Mobile and Location Based Services around the same time
Companies in the same sectors as NextNav that raised within 45 days of this round, from Fundz verified event records.
- Kafene, Inc. raised $13M on June 21, 2023.
- Blackbird.AI raised $20M (Series B) on June 15, 2023.
- Million Victories raised $6.5M (Funding Round) on June 14, 2023.
- Digibee raised $60M (Series B) on June 7, 2023.
- Brandefy raised an undisclosed amount (Funding Round) on June 7, 2023.
- Payemoji raised an undisclosed amount (Funding Round) on June 6, 2023.
Who to call at NextNav, and when
A new round usually means NextNav is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day NextNav raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at NextNav, from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at NextNav. With Fundz connected, it knows.
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Fundz sees it the moment NextNav raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
NextNav raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
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