About Nex
Nex is a company based in San Jose (United States) founded in 2017 by Tony Sung, Reggie Chan, and David Lee. It operates as a Direct-to-Consumer (D2C) and Subscription Services. Nex has raised $37.5 million across 3 funding rounds from investors including NBA, Samsung Venture Investment and Susquehanna. Nex offers products and services including Nex Playground and Play Pass. Nex operates in a competitive market with competitors including Zwift, WayBetter, Rouvy, Augment Therapy and Bkool, among others.
- Headquarter San Jose, United States
- Founders Tony Sung, Reggie Chan, David Lee
-
Sectors
HealthcareTechnology Media & Entertainment
-
Email
Locked
-
Phone
Locked
-
Website
Locked
-
Social
Locked
- Legal Name Nex Team Inc.
-
Annual Revenue
Not available
-
Net Profit
Not available
-
EBITDA
Not available
-
Total Equity Funding
$37.5 M (USD)
in 3 rounds
-
Latest Funding Round
$25 M (USD), Series B
Sep 21, 2021
-
Investors
NBA
& 16 more
-
Employee Count
Not available
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
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.
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.
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
|
Locked | Locked | Locked | |
|
Venture capital investments are made in promising startups.
|
Locked | Locked | Locked | |
|
Diversified investment management is handled by SIG across multiple assets.
|
Locked | Locked | Locked |
Investor details for Nex
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
- Funding rounds
- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Nex
Investment portfolio details for Nex
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
Financial Statements - Nex
Detailed financials for Nex
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
Verified entity values are shown only after access is granted.
Nex Comparisons
Peer comparison for Nex
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
- Funding comparison
- Operating benchmarks
Verified entity values are shown only after access is granted.
Competitors of Nex
Nex operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Zwift, WayBetter, Rouvy, Augment Therapy and Bkool, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| Locked | Locked | Locked |
Gamified indoor cycling training is delivered via an app-based platform.
|
|
| Locked | Locked | Locked |
Provider of gamified health and wellness programs
|
|
| Locked | Locked | Locked |
Indoor cycling simulations are offered via web-based application for training.
|
|
| Locked | Locked | Locked |
Online platform offering paediatric physical therapy
|
|
| Locked | Locked | Locked |
Interactive bicycle trainers and cycling simulators are provided by Bkool.
|
Detailed competitors of Nex
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
- Operating metrics
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Nex
Complete news archive for Nex
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
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 current CEO of Nex. They have also founded this company.
Nex is a funded company, having raised a total of $37.5M across 3 funding rounds to date.
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 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.