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
-
Sectors
Industrial Goods & ManufacturingTechnology Transportation, Automotive & Logistics
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Nexar Inc.
- Date of Incorporation 08 Dec, 2017
- Jurisdiction Bengaluru, Karnataka, India
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$149.5 M (USD)
in 6 rounds
-
Latest Funding Round
$53 M (USD), Series D
Nov 17, 2021
-
Investors
Alibaba Group
& 19 more
-
Employee Count
Employee Count
- Investments & Acquisitions
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 Nexar
Nexar offers a comprehensive portfolio of products and services, including Nexar beam2 mini, Nexar One, and Nexar Rearview Camera. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Compact dash cam for recording driving footage daily.
Advanced dash cam with enhanced video recording features.
Rearview camera to complement main dash cam setup.
Unlock access to complete
Unlock access to complete
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.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series D — $53.0M
-
First Round
First Round
(27 May 2015)
- Investors Count 20
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2021 | Amount | Series D - Nexar | Valuation | Qumra Capital | |
| Apr, 2020 | Amount | Series C - Nexar | Valuation | Corner Ventures | |
| Jan, 2018 | Amount | Series B - Nexar | Valuation | Ibex Investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Late-stage tech investments in Israel are made by Qumra Capital.
|
Founded Year | Domain | Location | |
|
Private equity firm
|
Founded Year | Domain | Location | |
|
Venture capital firm investing in seed & series A startups
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Nexar
Nexar has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Veniam. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Wireless mesh networks for autonomous vehicles are developed.
|
2012 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Nexar
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Nexar Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of video telematics and fleet management solutions
|
|
| domain | founded_year | HQ Location |
Vehicle dashcam hardware and support services are provided.
|
|
| domain | founded_year | HQ Location |
AI-powered driver monitoring systems are developed for vehicles.
|
|
| domain | founded_year | HQ Location |
Dash cameras and automotive accessories are supplied by Nextbase.
|
|
| domain | founded_year | HQ Location |
AI and cloud-enabled video-security solutions are offered for fleet monitoring.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Nexar
Frequently Asked Questions about Nexar
When was Nexar founded?
Nexar was founded in 2015.
Where is Nexar located?
Nexar is headquartered in Tel Aviv, Israel.
Who is the current CEO of Nexar?
Zach Greenberger is the current CEO of Nexar.
Is Nexar a funded company?
Nexar is a funded company, having raised a total of $149.5M across 6 funding rounds to date. The company's 1st funding round was a Series B of $30M, raised on May 27, 2015.
What does Nexar do?
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.
What products or services does Nexar offer?
Nexar offers Nexar beam2 mini, Nexar One, and Nexar Rearview Camera.
How many acquisitions has Nexar made?
Nexar has made 1 acquisition, including Veniam.
Who are Nexar's investors?
Nexar has 20 investors. Key investors include Alibaba Group, Micron Technology, State Farm, Nationwide, and General Electric.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.