Entertainment Startup NEX Raises $25 Million in Series B  

by Kay Aloha Villamor in September 24th, 2021

NEX, a San Jose and Hongkong motion-based entertainment startup, raised $25 million in Series B funding to coincide with the launch of Active Arcade, its new mobile AI interactive motion-tracking game.

The new funding was led by Blue Pool Capital, with participation from Samsung Ventures, SparkLabs, and Susquehanna.

This round also attracted influencers in sports, entertainment industries, and business executives including Simu Liu (Shang-Chi), Albert Pujols (LA Dodgers), Thierry Henry (Arsenal Legend), Sabrina Ionescu (WNBA), tech CEOs and founders from YouTube, Dapper Labs, Alchemy, OpenDoor, WordPress and executives from Zendesk, Uber, MasterClass and Facebook.

Company: Nex Inc.

Raised: $25.0M

Round: Series B

Funding Month: September 2021

Lead Investors: Blue Pool Capital

Additional Investors: Samsung Ventures, SparkLabs, Susquehanna, Simu Liu, Albert Pujols, Thierry Henry, Sabrina Ionescu, tech CEOs and founders from YouTube, Dapper Labs, Alchemy, OpenDoor, WordPress, and executives from Zendesk, Uber, MasterClass, and Facebook.

Company Website: https://www.nex.inc/

Software Category: Revolutionizing play

About the Company: NEX was founded in 2018 by David Lee, Philip Lam, Reggie Chan, and Tony Sung with a mission to transform passive activity into active play through apps like Active Arcade. Its first app, HomeCourt, has been played in more than 200 countries. With a proprietary combination of AI using mobile and vision technology, NEX merges the digital and physical worlds into a phone application that can create games like Active Arcade. NEX launched its first AI-based basketball training app HomeCourt in 2018, which was demoed on stage alongside Steve Nash at an Apple iPhone special event. Nex is revolutionizing play with motion-based entertainment that empowers kids and adults to play more, move more, and have fun together using the devices they already have. With apps like Active Arcade and HomeCourt used in more than 200 countries across the world, Nex is making motion-based entertainment universally accessible and helping the world get moving more every day.

Source: https://techcrunch.com/2021/09/21/nex-a-motion-based-entertainment-company-announces-25b-series-b-round-and-its-motion-game-app-active-arcade-launch/

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