# NearSt

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/nearst

- Industry: Internet
- Headquarters: London, UK
- Website: http://www.near.st
- Total disclosed funding: $2.6M
- Latest round: Seed (Oct 26, 2020)
- Investors on record: 4

## About

Based in London, UK, and founded in 2015, NearSt Ltd. is a retail technology business that connects every product in every shop worldwide to the web for consumers to find something they want nearby. The company was founded by Max Kreijn and Nick Brackenbury. In 2020, NearSt Ltd. raised GBP 2 million in seed funding led by returning investor JXC Ventures, with participation from several individual investors. In January 2021, NearSt Ltd. raised GBP 2 million in seed funding from new investors Grosvenor, Moscar Capital, and True Global Ventures, with participation from returning investor JXC Ventures.

The company’s NearLIVE platform enables products in physical stores to be visible to shoppers searching online nearby. Stores install software that automatically connects to any type of store point of sale or inventory management system, which makes the store’s entire in-store inventory appear in local search results, bringing in nearby shoppers who would have ordered online. The company’s platform also provides real-time product and search insights. The Google search engine also uses the technology to display real-time local product availability in search results. In addition, the company is working with Facebook on their Commerce Accelerator to help advance Facebook's local retail capabilities.

The company generates revenue by charging a one-time connection fee of GBP 399. The core search product from NearSt is free, with the ability to purchase weekly add-ons to boost local visibility.

Following the January 2021 seed funding, the company plans to use the proceeds to accelerate uptake by retailers in the UK with a wave of new hires and launch the NearST offering internationally.

## Funding rounds

- Seed, Oct 26, 2020, $2.6M — Grosvenor, True Global Ventures, JXC Ventures, Moscar Capital

## Investors

- Grosvenor — Seed
- True Global Ventures (https://capitalatlas.ai/funds/true-global-ventures) — Seed
- JXC Ventures — Seed
- Moscar Capital (https://capitalatlas.ai/funds/moscar-capital) — Seed