About Nexar
Nexar is a company based in Tel Aviv (Israel) founded in 2015 by Bruno Fernandez-Ruiz and Eran Shir. It operates as a Direct-to-Consumer (D2C) and Subscription Services. Nexar has raised $149.5 million across 6 funding rounds from investors including Alibaba Group, Micron Technology and State Farm. Nexar has completed 1 acquisition, including Veniam. Nexar offers products and services including Nexar beam2 mini, Nexar One, and Nexar Rearview Camera. Nexar operates in a competitive market with competitors including Lytx, Owl Cameras, Smart Eye, Nextbase and Waylens, among others.
- Headquarter Tel Aviv, Israel
- Founders Bruno Fernandez-Ruiz, Eran Shir
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Sectors
Industrial Goods & ManufacturingTechnology Transportation, Automotive & Logistics
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Email
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Phone
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Website
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Social
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- Legal Name Nexar Inc.
- Date of Incorporation 08 Dec, 2017
- Jurisdiction Bengaluru, Karnataka, India
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$149.5 M (USD)
in 6 rounds
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Latest Funding Round
$53 M (USD), Series D
Nov 17, 2021
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Investors
Alibaba Group
& 19 more
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Employee Count
Not available
- Investments & Acquisitions
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Products & Services of Nexar
Nexar offers a comprehensive portfolio of products and services, including Nexar beam2 mini, Nexar One, and Nexar Rearview Camera.
Compact dash cam for recording driving footage daily.
Advanced dash cam with enhanced video recording features.
Rearview camera to complement main dash cam setup.
People of Nexar
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Funding Insights of Nexar
Nexar has successfully raised a total of $149.5M across 6 strategic funding rounds. The most recent funding activity was a Series D round of $53 million completed in November 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 Nexar
Nexar has secured backing from 20 investors, including venture fund and institutional investors. Prominent investors backing the company include Alibaba Group, Micron Technology and State Farm.
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Late-stage tech investments in Israel are made by Qumra Capital.
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Private equity firm
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Venture capital firm investing in seed & series A startups
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Investor details for Nexar
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Investments & Acquisitions by Nexar
Nexar has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Veniam.
Investment portfolio details for Nexar
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Wireless mesh networks for autonomous vehicles are developed.
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Complete acquisition details for Nexar
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Financial Statements - Nexar
Detailed financials for Nexar
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Nexar Comparisons
Peer comparison for Nexar
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Competitors of Nexar
Nexar 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 Lytx, Owl Cameras, Smart Eye, Nextbase and Waylens, among others.
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Provider of video telematics and fleet management solutions
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Vehicle dashcam hardware and support services are provided.
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AI-powered driver monitoring systems are developed for vehicles.
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Dash cameras and automotive accessories are supplied by Nextbase.
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AI and cloud-enabled video-security solutions are offered for fleet monitoring.
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Detailed competitors of Nexar
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Latest news on Nexar
Complete news archive for Nexar
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Frequently Asked Questions about Nexar
Nexar was founded in 2015.
Nexar is headquartered in Tel Aviv, Israel.
Zach Greenberger is the current CEO of Nexar.
Nexar is a funded company, having raised a total of $149.5M across 6 funding rounds to date.
Nexar is engaged in developing AI-driven road safety solutions for drivers. The company offers smart dash cams with features like 4K video, live GPS tracking, and real-time emergency alerts. Solutions are provided for individual drivers, fleets, enterprises, public sector, and insurance sectors. Innovation in automotive safety technology is prioritized to enhance driver security and experience.
Nexar offers Nexar beam2 mini, Nexar One, and Nexar Rearview Camera.
Nexar has made 1 acquisition, including Veniam.
Nexar has 20 investors. Key investors include Alibaba Group, Micron Technology, State Farm, Nationwide, and General Electric.