NextNav Finds $70M

Sunnyvale-based NextNav, a provider of location services aimed at the indoor and urban environment, has raised $70M in a Series D funding, the company said Thursday. The funding was led by New Enterprise Associates and Oak Investment Partners, and also included Columbia Capital, Telcom Ventures and Goldman Sachs Investment Partners. NextNav is led by Gary Parsons. As part of the funding, NEA's Peter Barris and Oak's Bandel Carano join the company's board. More information »