About Nex
Nex is a Healthcare company based in San Jose (United States) founded in 2017 by Tony Sung, Reggie Chan, and David Lee. Game-based fitness training solutions are offered to consumers via app. It operates on a Direct-to-Consumer (D2C) and Subscription Services model in Healthcare, Technology, and Media & Entertainment sectors. Nex has raised $37.5 million across 3 funding rounds from investors including NBA, Samsung Venture Investment and Susquehanna. Its chief executive, as recorded, is David Lee. Its website nex.inc draws about 79 thousand monthly visits. Nex offers products and services including Nex Playground and Play Pass. Its focus areas include Consumer Electronics and Gaming Hardware. Its legal entity is NEX Team Inc. Its competitors include Zwift, WayBetter and Augment Therapy; 3 of its 3 listed competitors have raised funding.
Company details
Nex is engaged in developing innovative gaming solutions that transform living spaces into active playgrounds. The company is dedicated to promoting physical play through devices like Nex Playground, which integrates proprietary technology for real-time movement tracking. Operating in the consumer electronics and gaming sector, Nex offers products and subscription services aimed at families and individuals seeking interactive entertainment. Their solutions encourage social interaction and physical activity through a variety of games and experiences.
- Total Equity Funding$37.5M (USD)
in 3 rounds
- Latest Funding Round$25M (USD), Series B
Sep 2021
- InvestorsNBA
& 16 more
Products & Services of Nex
Nex offers a comprehensive portfolio of products and services, including Nex Playground and Play Pass.
A device transforming living rooms into play spaces.
Subscription for accessing full catalog of games monthly.
Apps and channels of Nex
Nex publishes 1 mobile app; its YouTube channel Nex has 4.67K subscribers and 30 videos.
Videos from Nex
The most watched videos on Nex's YouTube channel, Nex (4.67K subscribers). Click a video to play it here.
More on Nex.
Funding Insights of Nex
Nex has successfully raised a total of $37.5M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $25 million completed in September 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $37.5M
- Total Rounds 3
- Last Round Series B — $25M
- First Round $4M
(Jun 2018)
- Investors Count 17
All 3 funding rounds of Nex with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2021 | $25M | Series B | – | Blue Pool Capital | |
| Jun 2019 | $8.5M | Series A | – | – | |
| Jun 2018 | $4M | Seed | – | Charmides Capital, Mandra Capital |
17 investors in total: 10 institutional and 7 angel.
Investors in Nex
Nex has secured backing from 17 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include NBA, Samsung Venture Investment and Susquehanna.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
US focused seed-stage VC firm | sparklabsglobal.com | Palo Alto, United States | ||
Venture capital investments are made in promising startups. | 1999 | samsungventure.co.kr | Seocho, South Korea | |
Diversified investment management is handled by SIG across multiple assets. | 1987 | sig.com | Bala Cynwyd, United States | |
Capital and guidance are provided to startups for growth. | ent-fund.org | Hong Kong, China | ||
Venture capital firm focused on early-stage companies | dreamers.vc | Calabasas, United States | ||
Early-stage US startups are invested in by Charmides Capital. | charmidescapital.com | Carmel, United States | ||
| mandracapital.com | ||||
HBSE Ventures is focused on sports tech venture investments. | hbse.vc | |||
Functions as an investment advisory firm providing expert guidance. | 2004 | bluepoolcapital.com | Hong Kong, China | |
Provider of sports media services | 1946 | nba.com | New York, United States |
Investor details for Nex
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Nex
3 people are tracked at Nex (3 in leadership).
| Name | Role | Group |
|---|---|---|
Tony Sung | Co-Founder | Leadership |
Reggie Chan | Co-Founder | Leadership |
David Lee | Co-Founder & CEO | Leadership |
Complete people profiles for Nex
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Nex
3 dated milestones of Nex across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Nex is founded.
- Funding First funding round of $4.0M.
- Funding Latest funding round, Series B, of $25.0M.
Competitors of Nex
Nex has 3 listed competitors in our database, 3 of them funded. They include Zwift, WayBetter and Augment Therapy.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| zwift.com | 2014 | Long Beach, United States | $620M | 316 | Gamified indoor cycling training is delivered via an app-based platform. | |
| waybetter.app | 2011 | New York, United States | $9.61M | Provider of gamified health and wellness programs | ||
| augmenttherapy.com | 2017 | Chagrin Falls, United States | $2.7M | 5 | Online platform offering paediatric physical therapy |
Detailed competitors of Nex
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Web traffic of Nex
The website of Nex (nex.inc) receives about 79.1K visits a month.
- Monthly visits79.1K
▲ 57.6% vs previous month
Websites whose visitors overlap most with Nex. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| google.com | 100% | 85.8B | #1 | View details | |
nexplayground.com | nexplayground.com | 49% | #55,071 | – |
Top companies in Fitness & Wellness Platforms
3 companies that operate in the same segment as Nex (Fitness & Wellness Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Smart fitness equipment and streaming platforms are provided. | 2011 | New York, New York, United States | USD 995.53 M | USD 2.45 B | 2,894 | |
Fitness class memberships are offered across various gyms and studios. | 2013 | New York, New York, United States | USD 550 M | 969 | ||
Subscription-based social networking platform for runners and cyclists | 2009 | San Francisco, California, United States | USD 180 M | 999 |
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Related news about Nex
Complete news archive for Nex
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Frequently Asked Questions about Nex
Nex was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Nex is headquartered in San Jose, United States. It is registered at San Jose, California, United States.
David Lee is the CEO of Nex, as recorded in our data. They have also founded this company.
Nex is a funded company, having raised a total of $37.5M across 3 funding rounds to date. The company's 1st funding round was a Seed of $4M, raised on Jun 2018.
Nex is engaged in developing innovative gaming solutions that transform living spaces into active playgrounds. The company is dedicated to promoting physical play through devices like Nex Playground, which integrates proprietary technology for real-time movement tracking. Operating in the consumer electronics and gaming sector, Nex offers products and subscription services aimed at families and individuals seeking interactive entertainment. Their solutions encourage social interaction and physical activity through a variety of games and experiences.
Nex's top competitors include Zwift, WayBetter and Augment Therapy.
Nex offers Nex Playground and Play Pass.
Nex has 17 investors. Key investors include NBA, Samsung Venture Investment, Susquehanna, SparkLabs Global Ventures, and Blue Pool Capital.
Nex operates through Nex Team Inc..
Yes. Nex publishes Peppa Pig: Jump and Giggle.