Nex secures over $150m in Series E and credit financing
Baillie Gifford and BAI Capital led the equity round, alongside a new JPMorgan credit facility, for the family active-play console maker.
Motion-controlled games for the living room
Nex Playground uses a camera and motion tracking to turn players’ movements into controls for family games, sports, fitness and learning activities. Its Play Pass subscription adds a growing catalogue of more than 60 titles, including games featuring Bluey, Barbie, Kung Fu Panda and Peppa Pig.
The company says its console is sold through more than 7,000 U.S. retail locations and is expanding into Canada, the United Kingdom, Ireland and Germany. Nex plans to extend the content ecosystem and add Connected Play features for multiplayer between households.
Use of funds
Expand internationally
Broaden retail distribution
Grow the content ecosystem with gaming and entertainment partners
Introduce Connected Play features for cross-household multiplayer