# Nextiles

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

- Industry: Software
- Headquarters: Brooklyn, US
- Website: www.nextiles.tech
- Total disclosed funding: $4.8M
- Latest round: Seed (Apr 27, 2022)
- Investors on record: 7

## About

Based in New York, US, and founded in 2019 Nextiles, Inc. operates as a provider of a smart garment platform that combines athletic clothing with an analytics engine that uncovers fresh information about a person's movement. In June 2022, Nextiles, Inc. raised USD 4.85 million in seed funding led by DRIVE by DraftKings, with participation from Alumni Ventures Group, Madison Square Garden Sports Corp., National Basketball Association, Inc., New Lab, LLC, Phoenix Capital Ventures, and SmartSports LLC.


Nextiles, Inc. provides wearables attached with motion sensors directly into clothes using stitching techniques, allowing businesses to utilize the knowledge to help construct or supplement goods from firms wanting to develop IoT or smart devices. The company offers customized APIs with sewn fabrics and data capture products and also allows users to store data and manufacture different fashion clothes.

## Funding rounds

- Seed, Apr 27, 2022, $4.8M — Alumni Ventures Group, Drive by DraftKings, New Lab, LLC, Phoenix Capital Ventures, National Basketball Association, Inc., SmartSports LLC, Madison Square Garden Sports Corp.

## Investors

- Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Seed
- Drive by DraftKings (https://capitalatlas.ai/funds/drive-by-draftkings) — Seed
- New Lab, LLC — Seed
- Phoenix Capital Ventures (https://capitalatlas.ai/funds/phoenix-capital-ventures) — Seed
- National Basketball Association, Inc. — Seed
- SmartSports LLC — Seed
- Madison Square Garden Sports Corp. — Seed