Nex, the corporate behind controller-free online game console Nex Playground, has raised over $150 million in fairness and debt financing to speed up its worldwide growth.
Nex Playground has bought over 1 million models worldwide, and made headlines last year after outselling the Xbox Sequence X | S in the USA in the course of the 2025 vacation season.
The machine is a controller-free, energetic play system geared in the direction of households and younger gamers. After discovering a foothold in the USA, Nex introduced its cuboid console to Canada, the UK, the Republic of Eire, and Germany. It is newest money injection will permit the corporate to facilitate a extra complete international rollout, with Europe and Asia representing key goal areas.
Nex Playground gives house owners entry to a rolling roster of over 60 titles—together with some based mostly on notable licenses equivalent to Bluey, Sonic the Hedgehog, and Pac-Man—through a quarterly or annual subscription. On the time of writing, Nex is approaching 1 million subscribers and expects to surpass that milestone by the tip of the calendar yr.
“Households have timeless wants: to maneuver, develop, join, and have enjoyable. The response to Nex Playground has proven us that energetic play can serve these wants at a significant scale,” mentioned David Lee, co-founder and CEO of Nex.
“We’re constructing Nex to be a 100-year firm. This funding provides us the sources to carry energetic play to tens of millions extra households all over the world, and Jeff and Bing carry extraordinary expertise constructing enduring gaming and expertise firms. I’m thrilled to have them with us for this subsequent chapter.”
The financing spherical features a Sequence E led by Baillie Gifford and BAI Capital, with participation from NBA Investments, Logitech, Medici Capital Companions, and the Raine Group, alongside a brand new credit score facility with JPMorgan. In extra, Nex has additionally bolstered its management workforce with the appointment of former Niantic, Zynga, and EA govt Jeff Shouger as its new chief monetary officer.
“Nex has reached an thrilling level in its evolution, with sturdy shopper adoption, a rising content material ecosystem of guilt-free content material that’s enjoyable, energetic and good for households, and vital alternative nonetheless forward,” mentioned Shouger. “I’ve spent a lot of my profession serving to gaming and expertise firms navigate intervals of progress and scale, and I’m excited to work with David and the workforce to construct an everlasting international enterprise.”