Navable Company Profile
Background
Overview
Navable is a financial technology company specializing in providing software solutions for alternative asset managers, including private equity, venture capital, real estate, and hedge funds. The company offers a suite of products designed to streamline administrative processes, enhance employee engagement, and improve reporting efficiency within these firms.
Mission and Vision
Navable's mission is to empower alternative asset managers by delivering cutting-edge technology tools and services that adapt to the evolving investor landscape. The company's vision is to expand investment opportunities and access for various categories of investors, from traditional limited partners (LPs) to retail investors and employees.
Primary Area of Focus
Navable focuses on automating carry calculations, managing vesting schedules, and providing total compensation dashboards. These solutions aim to eliminate the complexities associated with traditional spreadsheet-based systems, offering a centralized, audit-ready platform for carry and co-investment programs.
Industry Significance
In the alternative asset management industry, efficient carry management and transparent compensation structures are crucial for attracting and retaining talent. Navable's solutions address these needs by providing clarity and operational efficiency, thereby enhancing the overall effectiveness of asset management firms.
Key Strategic Focus
Core Objectives
- Automation of Carry Management: Streamlining carry calculations and vesting schedules to reduce manual errors and administrative burden.
- Enhanced Transparency: Providing clear visibility into employee incentives and compensation plans to foster trust and alignment within the firm.
- Operational Efficiency: Reducing the time and resources spent on managing complex compensation structures through intuitive software solutions.
Specific Areas of Specialization
- Carry Management: Automating the management of carry waterfalls, reallocation, vesting schedules, and forfeitures.
- Total Compensation Dashboard: Offering real-time access to carry, GP commitments, and co-investment performance to strengthen employee retention.
- GP Commit Management: Digitizing GP commit processes, including onboarding, performance tracking, and employee co-investment programs.
Key Technologies Utilized
Navable leverages modern software engineering practices, including cloud-based infrastructure and data analytics, to deliver scalable and secure solutions. The platform is designed to integrate seamlessly with existing systems, ensuring minimal disruption during implementation.
Primary Markets Targeted
Navable primarily serves alternative asset managers, including private equity, venture capital, real estate, and hedge funds. The company's solutions are tailored to meet the specific needs of these firms, addressing the complexities inherent in managing diverse compensation structures and investor relations.
Financials and Funding
Funding History
Navable has raised a total of $2 million in funding. The most recent funding round was a pre-seed round completed on April 15, 2022.
Notable Investors
Specific details about individual investors are not publicly disclosed.
Intended Utilization of Capital
The capital raised is intended to support the development and enhancement of Navable's software platform, expand its market reach, and strengthen customer support services.
Pipeline Development
As a privately held company, Navable does not publicly disclose detailed information about its product development pipeline. However, the company's focus remains on enhancing its existing suite of solutions to better serve the evolving needs of alternative asset managers.
Technological Platform and Innovation
Proprietary Technologies
Navable's platform is built on a proprietary software architecture that integrates various functionalities, including carry management, compensation planning, and investor onboarding, into a unified system.
Significant Scientific Methods
The platform employs advanced data analytics and algorithmic models to automate complex calculations and provide real-time insights into compensation structures and investment performance.
Leadership Team
Jen Anderson – Co-Founder & CEO
Jen has over 20 years of experience in financial services, having worked at institutions such as Morgan Stanley and Bank of America Securities. She has also led product teams and business development at fintech companies like Lending Club and Yapstone. Jen holds an MBA from the University of Michigan and a BS from Wake Forest University.
Daniel O'Shea – Co-Founder & Advisor
Daniel has extensive experience in building technology and teams to deliver disruptive technology across various sectors. Navable is his fifth startup and third platform. He holds a BS in Computer Engineering from UC San Diego.
Ethan Kennedy – Advisor
Ethan has more than two decades of experience in the financial services industry, focusing on private equity co-investment and carried interest plan management. He established FaunceHammond LLC in 2019, a boutique financial advisory firm catering to ultra-high-net-worth individuals and their family offices. Ethan is a graduate of Virginia Polytechnic Institute and State University with a degree in Accounting and Information Systems.
Josh Anbil – Advisor
Josh is the founder and CEO of Anbil Consulting, a compensation consulting firm focused exclusively on the real estate industry. He has over 20 years of experience and has completed over 1,200 compensation consulting projects for real estate companies. Josh holds a B.S. in Finance from the University of Illinois.
Michelle Brown – Advisor
Michelle is the CFO of Contrary Capital and has nearly 15 years of experience in financial services. She has worked to scale finance and operations at venture capital and private equity firms, including Astira Capital Partners and General Catalyst. Michelle holds a BS in Finance and MS in Accountancy from Wake Forest University.
