What is Nexar?
Founded in 2015 and headquartered in Tel Aviv, Israel, Nexar leverages artificial intelligence to create a safer driving environment. Its application detects critical road hazards, including collisions, congestion, closed lanes, and dangerous road conditions, and promptly alerts other drivers in the vicinity. This proactive approach to road safety aims to mitigate risks and improve overall traffic efficiency. The company's technology is designed to enhance driver awareness and contribute to a more connected and secure transportation ecosystem.
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 Slow Ventures and Aleph Venture Capital
Series A (2016): $10.5M led by Mosaic Ventures, True Ventures, Slow Ventures, and Aleph Venture Capital
Series B (2018): $30M supported by Mosaic Ventures, True Ventures, Aleph, Ibex Investors, Slow Ventures, Tusk Ventures, and Nationwide
Series C (2020): $52M featuring Mosaic Ventures, Corner Ventures, Aleph, Samsung NEXT, Ibex Investors, Atreides Management, Micron Ventures, Nationwide, La Maison, and Sompo
Series D (2021): $53M backed by Banca Generali S.p.A, State Farm Ventures, Atreides Management, Qumra Capital, and Valor
Key Investors in Nexar
Aleph Venture Capital
Aleph is an early-stage venture capital fund focused on partnering with Israeli entrepreneurs to scale them into globally recognized companies. They are sector-agnostic and have a strong track record in transportation and logistics.
Mosaic Ventures
Mosaic Ventures is a 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.
True Ventures
True Ventures is a founder-first venture capital firm that provides capital and guidance to creative teams building enduring technology and AI-driven companies from their earliest stages.
What's next for Nexar?
With the recent influx of major strategic investment, Nexar is poised for accelerated growth and innovation. The company is likely to focus on expanding its AI capabilities, enhancing its driver alert network, and potentially exploring new market segments or partnerships within the automotive and smart city industries. This substantial backing suggests a strategic push towards scaling its operations, further solidifying its position as a leader in AI-powered automotive safety solutions and potentially paving the way for future market expansion or strategic exits.
See full Nexar company page
