# Nexar

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

- Industry: Software
- Headquarters: New York, US
- Website: www.getnexar.com
- Total disclosed funding: $146M
- Latest round: Series D (Aug 11, 2021)
- Investors on record: 21

## About

Nexar, Inc. develops advanced AI-driven road safety solutions through high-definition dash cameras, enhancing safety for individual drivers and businesses. Their products are designed to provide real-time monitoring and emergency alert features.Nexar, Inc. was founded in 2015 in New York, US, specializing in AI-based road safety solutions. The company has successfully raised funding primarily through Series D rounds, with its latest funding round of USD 53.00 mn completed on September 30, 2023, led by Qumra Capital. Notably, Nexar has raised a total of USD 53.00 mn to date, achieving a current valuation of USD 333.11 mn. The firm has completed 7 investment deals, focusing on technological advancements in vehicle safety. Founded by a team with a history in tech innovation, Nexar aims to improve road safety through its product offerings.Nexar specializes in advanced AI-driven road safety solutions, primarily through its suite of high-definition dash cameras designed to enhance vehicle safety and security. The core product offerings include the Nexar Beam2, Nexar Beam2 Mini, and Nexar One, which provide features such as live GPS tracking, real-time emergency alerts, and remote video streaming. These devices enable users to capture clear video evidence during incidents, offering peace of mind to both individual drivers and businesses involved in fleet operations. Nexar's products are particularly popular among rideshare drivers, families, and commercial fleets, addressing safety concerns by allowing users to monitor their vehicles at all times. The company markets its products to a diverse geographical clientele, with significant engagement in North America, Europe, and select regions in Asia.Nexar generates revenue primarily through direct-to-consumer sales and strategic partnerships within the automotive and insurance sectors. The company offers its products through various pricing plans, which include one-time purchases and subscription models for cloud storage and enhanced features. For example, the Nexar Beam2 is available at a set retail price, while users can opt for additional services such as unlimited cloud backups for a recurring fee. This transactional structure allows Nexar to cater to both individual consumers and commercial clients, including fleet operators and insurance companies, enhancing the overall value proposition for its user base. The company's focus on integrating high-quality video solutions with real-time monitoring tools positions it as a key player in the growing market for connected vehicle technologies.In September 2023, Nexar, Inc. raised an undisclosed amount of venture funding from new investor Sienna Investment Managers, which will support the company's strategy for future growth. Nexar plans to launch new products aimed at enhancing its existing offerings and will be exploring expansion into targeted regions in Asia and Europe by 2024.

## Funding rounds

- Series D, Aug 11, 2021, $53M — Catalyst Investments, Qumra Capital, Aleph, Valor Ventures, Banca Generali, State Farm Ventures, Atreides Management, Corner Ventures, Regah Ventures
- Series C, Apr 30, 2020, $52M — Ibex Investors, Nationwide Retirement Plan, Aleph, Micron Ventures, Mosaic Ventures, GE Ventures, Samsung NEXT Ventures, La Maison Partners, Sompo Holdings, Inc., Atreides Management, Corner Ventures
- Series B, Jan 24, 2018, $30M — True Ventures, Ibex Investors, Slow, Nationwide Retirement Plan, Aleph, Mosaic Ventures, Tusk Venture Partners, Alibaba Innovation Ventures
- Series A, Jun 1, 2016, $11M — True Ventures, Slow, Aleph, Mosaic Ventures, Tusk Venture Partners

## Investors

- True Ventures (https://capitalatlas.ai/funds/true-ventures) — Series A, Series B
- Slow (https://capitalatlas.ai/funds/slow) — Series A, Series B
- Aleph (https://capitalatlas.ai/funds/aleph) — Series A, Series B, Series C, Series D
- Mosaic Ventures (https://capitalatlas.ai/funds/mosaic-ventures) — Series A, Series B, Series C
- Tusk Venture Partners (https://capitalatlas.ai/funds/tusk-venture-partners) — Series A, Series B
- Ibex Investors (https://capitalatlas.ai/funds/ibex-investors) — Series B, Series C
- Nationwide Retirement Plan — Series B, Series C
- Alibaba Innovation Ventures — Series B
- Micron Ventures (https://capitalatlas.ai/funds/micron-ventures) — Series C
- GE Ventures — Series C
- Samsung NEXT Ventures (https://capitalatlas.ai/funds/samsung-next-ventures) — Series C
- La Maison Partners (https://capitalatlas.ai/funds/la-maison-partners) — Series C
- Sompo Holdings, Inc. — Series C
- Atreides Management (https://capitalatlas.ai/funds/atreides-management) — Series C, Series D
- Corner Ventures (https://capitalatlas.ai/funds/corner-ventures) — Series C, Series D
- Catalyst Investments (https://capitalatlas.ai/funds/catalyst-investments) — Series D
- Qumra Capital (https://capitalatlas.ai/funds/qumra-capital) — Series D
- Valor Ventures (https://capitalatlas.ai/funds/valor-ventures) — Series D
- Banca Generali — Series D
- State Farm Ventures (https://capitalatlas.ai/funds/state-farm-ventures) — Series D
- Regah Ventures (https://capitalatlas.ai/funds/regah-ventures) — Series D