Marc Andreessen’s a16z Invests $465 Million in Navan’s Corporate Spending Platform, According to Recent SEC Filing

What happened According to its SEC filing dated February 17, 2026, a16z Capital Management, L.L.C. established a new position in Navan (NASDAQ:NAVN) by acquiring roughly 27 million shares during the fourth quarter. The estimated transaction value is $464.50 million, calculated using the average share price over the quarter. The quarter-end value of the stake also stood at $464.50 million, reflecting the addition of the new position. What else to know This is a new position for the fund, representing 29. ...