Nava Secures $1 Million Pre-seed Investment From Barbara USA Corp In Miami Beach

Nava, a Miami Beach-based on-demand water rideshare startup, has raised $1 million in pre-seed funding from Barbara USA Corp. The investment will support the development of their app-based private water taxi service that allows users to book boat rides from various locations including residential buildings, home docks, waterfront restaurants, hotels, and event venues.

Summary of transaction details:

• Deal Type: Pre-seed
• Transaction Amount: $1,000,000
• Company: Nava
• Founders: Michael Lewis & Theo Arranz
• Headquarters: Miami Beach, Florida
• Investor: Barbara USA Corp

Nava was founded by Michael Lewis and Theo Arranz, who recognized a gap in the market for on-demand water rideshare services in a city like Miami. The idea emerged when Michael discovered Theo's work on Instagram, leading to a collaborative effort that quickly progressed from concept to funding. The company's approach targets the significant number of waterfront properties in Miami, aiming to alleviate traffic congestion through boating options.