What is Nexite?
Nexite operates a pioneering connected merchandise platform designed to deliver real-time in-store sales intelligence, directly aligned with customer behavior for enhanced sales optimization. The company leverages world-class engineering expertise and proprietary battery-free, long-range communication technology to provide a continuous stream of data automatically and in real-time. This platform is engineered to maximize merchandise performance and drive store revenues across all physical retail markets, enabling a completely frictionless shopping experience, including seamless checkout and returns.
How much funding has Nexite raised?
Nexite has raised a total of $100M across 3 funding rounds:
Series A
$11M
Series B
$22M
Series C
$67M
Series A (2018): $11M with participation from Pitango Venture Capital, Vertex Ventures, and Battery Ventures
Series B (2020): $22M led by Intel Capital, Pitango Venture Capital, Vertex Ventures, and Battery Ventures
Series C (2022): $67M supported by Vertex Ventures, Battery Ventures, Intel Capital, Pitango Growth, Pitango First, and Saban Ventures and Investments
Key Investors in Nexite
Pitango Venture Capital
Pitango Venture Capital is a venture capital firm that partners with visionary entrepreneurs and groundbreaking companies, supporting them from stealth mode to maturity. The firm operates through three funds: First, Growth, and HealthTech, focusing on exceptional founding teams and aiming to provide value-added support to its portfolio companies.
Vertex Ventures
Vertex Ventures US is an early-stage venture capital firm that supports founders creating a smarter digital economy through B2B software, focusing on partnering with and investing in early-stage infrastructure and SaaS companies. They leverage their experience as former founders and operators to provide operational insights and facilitate growth.
Battery Ventures
Battery Ventures partners with exceptional founders and management teams developing category-defining businesses in markets including software and services, enterprise infrastructure, and online marketplaces. Founded in 1983, the firm backs companies at all stages, ranging from seed and early to growth and buyout, investing globally.
What's next for Nexite?
With the recent major strategic investment, Nexite is poised for accelerated expansion and further development of its connected merchandise platform. The substantial capital infusion, contextualized by its history of significant funding rounds, suggests a strategic focus on scaling operations, enhancing technological capabilities, and broadening market reach. This backing will likely enable Nexite to solidify its position as a leader in retail intelligence, driving deeper integration of its technology into physical retail environments and further optimizing the customer shopping journey.
See full Nexite company page
