Deals

Naverus raises $10 million round

naverus.jpgNaverus has raised $10 million in a Series C preferred stock round to expand its business of providing navigation services for airlines and fleet operators.

The company’s web site says it re-architects airline routes so that the fleets can fly with better energy efficiency, increased payload, better access to airports with limited gates, and overall better safety. 

Dan Gerrity, former CEO of Coinstar, has been CEO of the Kent, Wash.,-based company for the past five years. Investor include East Peak Partners of San Francisco and Foundation Capital in Menlo Park. Customers include major airlines from Air China to Southwest Airlines. Partners include Boeing and Airbus.