Navigine
2024 Revenue
$1.5M
Customers
1K
Funding
$0
YOY
108.6%
Avg ACV
$1.5K
Team
19
Founded
2011
How Navigine CEO Alexey Panyov grew to $1.5M revenue and 1K customers in 2024.
Developer of an indoor navigation and tracking platform designed to precisely track indoor positioning. The company's indoor navigation and tracking platform is based on Bluetooth LE/Wi-Fi/UWB infrastructure using integrated positioning technologies, enabling developers and system integrators to create mobile applications and integrated enterprise systems for people navigation as well as asset and vehicles tracking.
Last updated
Navigine Revenue
In 2024, Navigine's revenue reached $1.5M. The company previously reported $695.3K in 2023. Since its launch in 2011, Navigine has shown consistent revenue growth.
| Year | Milestone | Quote |
|---|---|---|
| 2024 | Navigine Hit $1.5m revenue in October 2024 | |
| 2023 | Navigine Hit $695.3k revenue in November 2023 | |
| 2022 | Navigine Hit $612k revenue in November 2022 | |
| 2021 | Navigine Hit $540k revenue in November 2021 | |
| 2020 | Navigine Hit $240k revenue in December 2020 | |
| 2011 | Launched with $0 revenue |
Navigine Valuation, Funding Rounds
Navigine is a bootstrapped IoT Platforms startup. Founded in 2011, Navigine has grown to $1.5M in revenue without raising any venture capital or outside funding.
As a self-funded IoT Platforms SaaS company, Navigine has built its business with no outside investment.
| Year | Round | Amount | Valuation | % Sold | Quote |
|---|
Founder / CEO
Alexey Panyov
CEO
Cofounder and Chief Executive Officer at Navigine.com. Enterprise Indoor Positioning Platform that transforms your navigation&security systems from expensive headache to a source of income. Inside our platform we are using stack of hardware technologies to provide our clients with best services. I was engaged in various navigation projects in defense area - development of navigation systems for aircrafts, underwater,underground moving objects and vehicles. PhD in Physics and Mathematics, Senior researcher at Laboratory of Control and Navigation. More than 10 publications and reports on specialized conferences More than 5 years of working experience in software development for mobile complexes navigation.
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
Navigine serves 1K customers.
Navigine Employees & Team Size
Navigine employs approximately 19 people as of 2026, including 1 sales reps that carry a quota. It serves 1K customers that rely on its solutions.
| Year | Milestone |
|---|---|
| 2024 | Reached 19 employees (October 2024) |
| 2023 | Reached 19 employees (November 2023) |
| 2022 | Reached 17 employees (November 2022) |
| 2021 | Reached 15 employees (November 2021) |
| 2021 | Reached 15 employees (April 2021) |
| 2020 | Reached 14 employees (November 2020) |
Frequently Asked Questions about Navigine
What is Navigine's revenue?
Navigine generates an estimated $1.5M in annual revenue.
Who founded Navigine?
Navigine was founded by Alexey Panyov.
Who is the CEO of Navigine?
The CEO of Navigine is Alexey Panyov.
How much funding does Navigine have?
Navigine is bootstrapped and has not raised outside funding.
How many employees does Navigine have?
Navigine has 19 employees.
Where is Navigine headquarters?
Navigine is headquartered in Germany.
Compare Navigine to the industry
Navigine operates across multiple industries. Browse revenue, funding, and growth data for Navigine in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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