Near Raises $100 Million in Funding  

by Kay Aloha Villamor November 11th, 2022

Near, a Pasadena, CA-based full-stack data intelligence software-as-a-service (“SaaS”) platform that stitches and enriches data on people and places announced that it raised $100 million in funding.

The investment was from Blue Torch Capital as it prepares for its next phase of growth by becoming a publicly traded company.

“The additional funding from Blue Torch Capital fortifies our balance sheet and enables us to position Near as a leading data intelligence platform on the market,” said Anil Mathews, Founder and CEO of Near. “The financing, combined with our upcoming business combination with KludeIn, provides liquidity to continue to execute on our winning flywheel for enhanced business outcomes.”

In May, Near announced it had entered into a definitive business combination agreement with KludeIn I Acquisition Corp. KludeIn will file a current report on Form 8-K today, providing further information about the financing agreement.

Near’s platform patented technology analyzes data on approximately 1.6 billion unique user IDs and 70 million points of interest in more than 44+ countries.

Company: Near Intelligence Holdings Inc.

Raised: $100.0M

Round: Unknown

Funding Month: November 2022

Lead Investors: Blue Torch Capital

Additional Investors: 

Company Website: https://near.com/

Software Category: Data Intelligence SaaS platform

About the Company: Founded in 2012, Near is a global, full-stack data intelligence software-as-a-service (“SaaS”) platform, a source of intelligence on people, places, and products. Near’s data and insights empower marketing and operations teams to understand consumers’ online and offline behaviors, affinities, and attributes to engage them and grow their businesses. With a presence in Pasadena, Campbell, Paris, Bangalore, Singapore, Sydney, and Tokyo, Near serves scaled enterprises in retail, real estate, restaurant/QSR, travel/tourism, telecom, and financial services.

Source: https://blog.near.com/news/near-raises-100-million-from-blue-torch-capital-as-it-prepares-for-its-next-phase-of-growth/



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