When was Nex founded?

Nex was founded in 2017 and raised its 1st funding round 1 year after it was founded.

Where is Nex located?

Nex is headquartered in San Jose, United States. It is registered at 75 E. Santa Clara St., Suite 900 San Jose, CA 95113.

Who is the current CEO of Nex?

David Lee of Nex. They have also founded 1 company.

How many employees does Nex have?

As of May 31, 2026, the latest employee count at Nex is 259.

Is Nex a funded company?

Nex is a funded company, having raised a total of $40M across 3 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on 2018.

When was the latest funding round of Nex?

Nex's latest funding was a $***** Series B round on Sep 21, 2021, with participation from 8 investors.

Where does Nex rank among its competitors?

Nex ranks 3rd amongst 69 active competitors, of which 6 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was Digital Darwin, which secured $178K in Oct, 2023.

Who are the top competitors of Nex?

Nex's top competitors include Zwift, Rouvy and Bkool. Among them, Digital Darwin secured the most recent funding round in October, 2023.

Nex - 2026 Company Profile, Team, Funding & Competitors

Company Details

Provider of game-based fitness training solutions for the consumers. The company offers an app for users to receive home-based fitness training. Users can enjoy a variety of motion-based games while staying in shape.

Website: www.nex.inc/
Social
Email ID: *****@nexlab.ai
Registered Address: 75 E. Santa Clara St., Suite 900 San Jose, CA 95113

Key Metrics

Founded Year

2017

Location

San Jose, United States

Stage

Series B

Total Funding

$40M in 3 rounds

Latest Funding Round

Series B, Sep 21, 2021, $*****

Investors

Mandra Capital & 18 more

Ranked

3^rd among 69 active competitors

Employee Count

259 as on May 31, 2026

Similar Companies

Zwift & 87 more

View Nex's full profile

Nex is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
NEX Team Inc CIN: 821534521 , United States, Active	May 02, 2017	-	15 (As on Dec 31, 2021)	-

Nex has raised a total funding of $40M over 3 rounds. Its first funding round was on 2018. Its latest funding round was a Series B round on Sep 21, 2021 for $*****. 8 investors participated in its latest round. Nex has 12 institutional investors and 7 angel investors.

Here is the list of recent funding rounds of Nex:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Sep 21, 2021	8406697	Series B	1196644	6283622	9152830	1234573
2019	3592	Series A	4552	7392	6030	Alibaba Entrepreneurs Fund & 2 more
2018	8252	Seed	2440	4142	Charmides Capital & 2 more	Steve Nash & 2 more

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View details of Nex's funding rounds and investors

The founders of Nex are Reggie Chan, Tony Sung and David Lee. David Lee is the CEO of Nex.

Here are the details of Nex's key team members:

Reggie Chan: Co-Founder of Nex.
Contact Info: 1 email address
Tony Sung: Co-Founder of Nex.
Contact Info: 1 email address
David Lee: Co-Founder & CEO of Nex.
Contact Info: 1 email address

Nex's Board of Directors

Nex's board has 5 active members. Amy Brooks, Keng Fai Lee, Wing Hung Chan, Tin Yin Lam and On Loy Sung are independent board members.

Here is the list of Nex's board of directors:

Name	Type	Representing	Status	Duration
Amy Brooks	Independent board member	-	Current	4y 8m
wxbgpzh	Independent board member	-	Current	3y 9m
{qikmad	Independent board member	-	Current	9y 3m
{ithd{v	Independent board member	-	Current	6y 3m
squesgk	Independent board member	-	Current	8y 5m

View details of Nex's Founder profiles and Board Members

Nex's employee count trend

Nex has 259 employees as of May 26. Here is Nex's employee count trend over the years:

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Top competitors of Nex include Zwift, Rouvy and Bkool. Here is the list of Top 10 competitors of Nex, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Zwift 2014, Long Beach (United States), Series C	Developer of an online platform for indoor cycling and running	$620M	COLOPL, Highland Europe & 20 others	71/100
2nd	Rouvy 2016, Strakonice (Czech Republic), Series A	Developer of an application for virtual indoor cycling and training	$6M	Pale Fire Capital	61/100
3rd	Nex 2017, San Jose (United States), Series B	Provider of game-based fitness training solutions for the consumers	$40M	Samsung Venture Investment, Blue Pool Capital ... & 17 others	57/100
4th	Bkool 2009, Las Rozas de Madrid (Spain), Acquired	Interactive bicycle trainer and cycling simulator	-	-	51/100
5th	Zario 2021, Zurich (Switzerland), Funding Raised	Mobile app offering gamification-based fitness training programs	-	MassChallenge, Venture Kick & 1 others	43/100
6th	Digital Darwin 2021, Delhi (India), Seed	AI-powered tools for health, sports, and physical wellness	$215K	IIMA, IIT Bombay & 22 others	42/100
7th	Trion 2020, Bromma (Sweden), Unfunded	Provider of an AI-based gamified app to provide personalised coaching	-	-	41/100
8th	RGT Cycling 2019, Bucharest (Romania), Acquired	VR based app connected with a cycling bike	-	Techcelerator	41/100
9th	Tension Board 2022, United States, Unfunded	Provider of a climbing and training app for the Tension Board	-	-	41/100
10th	paceUP 2016, Sigtuna (Sweden), Unfunded	Mobile-based application for employee fitness management	-	-	40/100