# NEX Team

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/nex-team

- Industry: Software
- Headquarters: San Jose, US
- Website: https://www.nex.inc
- Total disclosed funding: $29M
- Latest round: Series E (Jul 28, 2026)
- Investors on record: 13

## About

Based in California, US, and founded in 2017 by David Lee, Philip Lam, Reggie Chan, and Tony Sung, NEX Team Inc. provides mobile games applications. The company’s HomeCourt has been played by approximately 200 countries. In July 2026, NEX Team Inc. raised USD 150 million in series E and venture debt funding co-led by Baillie Gifford and BAI Capital, with participation from NBA Equity, Logitech, Medici Capital, The Raine Group, and JPMorgan.

The company offers a mobile application that uses artificial intelligence to analyze the user's shooting, dribbling, and jumping performance through video recordings. It also provides a library of training drills and a competitive training leaderboard.

The company plans to utilize the July 2026 funding to expand internationally, grow retail and partner channels, and invest in content and technology.

## Funding rounds

- Series E, Jul 28, 2026 — The Raine Group, Logitech, BAI Capital, Baillie Gifford, Medici Capital, NBA Equity
- Series B, Sep 21, 2021, $25M — Susquehanna Growth Equity, Samsung Venture Investment, Blue Pool Capital, SparkLabs Global Ventures, Gaingels
- Seed, Jul 17, 2018, $4M — Mandra Capital, Charmides Capital

## Investors

- Mandra Capital (https://capitalatlas.ai/funds/mandra-capital) — Seed
- Charmides Capital — Seed
- Susquehanna Growth Equity (https://capitalatlas.ai/funds/susquehanna-growth-equity) — Series B
- Samsung Venture Investment (https://capitalatlas.ai/funds/samsung-venture-investment) — Series B
- Blue Pool Capital (https://capitalatlas.ai/funds/blue-pool-capital) — Series B
- SparkLabs Global Ventures (https://capitalatlas.ai/funds/sparklabs-global-ventures) — Series B
- Gaingels (https://capitalatlas.ai/funds/gaingels) — Series B
- The Raine Group (https://capitalatlas.ai/funds/the-raine-group) — Series E
- Logitech — Series E
- BAI Capital (https://capitalatlas.ai/funds/bai-capital) — Series E
- Baillie Gifford (https://capitalatlas.ai/funds/baillie-gifford) — Series E
- Medici Capital — Series E
- NBA Equity — Series E