Nex Raises $150 Million In Series E Funding Led By Baillie Gifford And BAI Capital

Nex, the company behind controller-free family gaming console Nex Playground, raised more than $150 million in Series E equity and debt financing led by Baillie Gifford and BAI Capital, with participation from NBA Investments, Logitech, Medici Capital Partners and Raine Group, plus a JPMorgan credit facility. The funding, announced by co-founder and CEO David Lee, will support global expansion as Nex Playground surpasses 1 million units sold and approaches 1 million Play Pass subscribers. FOUNDERS: David Lee, Philip Lam, Reggie Chan & Tony Sung INVESTORS: Baillie Gifford, BAI Capital, NBA Investments, Logitech, Medici Capital Partners, Raine Group & JPMorgan ROUND: Series E AMOUNT: $150,000,000 HQ: San Jose, California #VentureCapital #Nex #DavidLee #BaillieGifford #TradedVC