What is Nexar?
Founded in 2015 and headquartered in Tel Aviv, Israel, Nexar develops an AI-powered mobile application designed to detect and alert drivers to various road hazards. The platform identifies critical events such as collisions, congestion, closed lanes, and dangerous road conditions, proactively informing other drivers in the vicinity. This innovative approach aims to create a safer driving environment by fostering a community of alerted motorists, thereby reducing accidents and improving traffic flow. The company's technology is pivotal in the evolving landscape of automotive safety and the development of smarter transportation systems.
How much funding has Nexar raised?
Nexar has raised a total of $149.5M across 5 funding rounds:
Unspecified
$4M
Series A
$10.5M
Series B
$30M
Series C
$52M
Series D
$53M
Unspecified (2015): $4M with participation from Aleph Venture Capital and Slow Ventures
Series A (2016): $10.5M led by Slow Ventures, Aleph Venture Capital, True Ventures, and Mosaic Ventures
Series B (2018): $30M supported by Slow Ventures, Aleph, Ibex Investors, Mosaic Ventures, Nationwide, Tusk Ventures, and True Ventures
Series C (2020): $52M featuring La Maison, Aleph, Ibex Investors, Mosaic Ventures, Atreides Management, Micron Ventures, Nationwide, Sompo, Corner Ventures, and Samsung NEXT
Series D (2021): $53M backed by Banca Generali S.p.A, State Farm Ventures, Valor, Qumra Capital, and Atreides Management
Key Investors in Nexar
Aleph Venture Capital
Aleph Venture Capital is an early-stage venture capital fund focused on scaling Israeli entrepreneurs into globally recognized companies. They invest across various sectors, including transportation and logistics, with a history of backing Nexar.
True Ventures
True Ventures is a venture capital firm that partners with early-stage technology and AI-driven companies, providing capital and guidance to help build enduring businesses. They have been a consistent supporter of Nexar's growth.
Mosaic Ventures
Mosaic Ventures is a boutique venture capital partnership specializing in AI-driven startups at the Seed and Series A stages, offering hands-on support to European entrepreneurs aiming for global scalability. They have invested in Nexar's development.
What's next for Nexar?
The substantial enterprise-level funding Nexar has garnered positions it for accelerated growth and technological advancement. This capital infusion is expected to fuel further development of its AI capabilities, expand its user base, and potentially forge strategic partnerships within the automotive and insurance sectors. As the company continues to scale, its focus will likely remain on enhancing its predictive analytics for road safety and solidifying its position as a leader in the connected car and AI-driven mobility space.
See full Nexar company page
