Nexite Overview
Nexite’s connected merchandise platform connects physical merchandise to the cloud, providing retailers with an automated, in-store tech solution to drive sales and offer new customer experiences. Using real-time merchandise performance, availability, and location data, Nexite presents an in-store customer journey analytics solution. With real-time sales funnel insights into customer engagement, abandonment, and conversion, retailers can localize merchandise assortments and inventory allocation. The data is also used to create live heat maps to optimize space utilization and visual merchandising compliance. Nexite's solution also includes secure frictionless commerce to reduce loss while enhancing the customer experience with post-purchase applications and digital product content. With Nexite, staff can spend more time with their customers rather than manually scanning all products in the store (Nexite tag is automatic). They also have real-time location visibility for each item in the store, improving efficiency and customer experience. Plus, they get valuable recommendations from merchandising/operations through the Nexite platform to support an increase in their sales.
Cumulative Funding Raised Over Time ($)
$11.0MJan 2018
$78.0MMay 2022
$100.0MOct 2020
Latest News
growth-positive
Attention shoppers: Israeli startups putting the 'AI' in 'retail' management | CTech
Israeli startups are developing AI solutions to aid retailers in overcoming challenges and joining the digital revolution. Onebeat offers software for real-time customer analysis, Drill monitors customer behavior in stores, Trax provides retail analytics solutions, Nexite offers real-time in-store intelligence, and STOREE optimizes store performance using AI. The impact on these companies is growth-positive. The key theme of the article is the use of AI in retail. The key issues discussed are customers and partners. The article does not mention any specific investors, customers, valuation amount, acquisition amount, investment amount, layoffs, or date of the event. Confidence level: 8/10.
CustomersPartners
Growth-Positive
Emerging Startups 2022: Top In Store Retail Tech Startups
The In Store Retail Tech sector, comprising over 5.8K startups, has seen significant growth and investor interest, with total funding reaching USD 27.1B. The sector includes companies providing technology solutions for offline retailers, such as inventory management, marketing, payments, and customer engagement. Notably, half of the sectors funding has been raised in the last three years (2019-2021). Major investors in the sector include Y Combinator, Techstars, Sequoia Capital, Accel, and Plug and Play Tech Center.
Investment
growth-positive
Nexite raises $67 million Series C for connected merchandise platform CTech
Israeli startup Nexite has raised a $67 million Series C investment to support its data platform for real-time in-store intelligence. The platform uses battery-free, long-range communication technology to provide a continuous stream of data, enabling brands to increase in-store revenue with real-time sales funnel analytics. The funding round, led by Pitango Growth and Saban Ventures, brings Nexites total funding to $100 million. The company plans to increase its employee count from 72 to 100 in the coming year. Nexites data platform connects physical merchandise to the cloud, providing actionable insights to optimize store sales per square foot. The platform includes a patented battery-free NanoBT tag that enhances the customers in-store experience.
InvestmentExpand
growth-positive
נבחרת הסטארטאפים 2019
Israeli startup Nexite is developing a small and inexpensive electronic tag that provides connectivity to any clothing or item. The tag collects the energy required for its operation from the environment, without the need for a battery, and transmits the items identity and location in real-time. For customers, this product can provide a similar experience to Amazon Go, automatically charging them for items as they leave the store and allowing them to locate products they saw online in real-time. For fashion retailers, Nexite develops applications for use with the tag, such as inventory management and data analysis. The product also allows retailers to replace the cumbersome security magnet currently attached to clothes. Nexite aims to be the only solution that enables self-checkout with full security.
CustomersPartnersInvestment
| Sector | Business Software |
Funding
| Total funding | $100M |
| Last funding | $67M |
| Stage | C |
| Rounds | 3 |
| Investors | 6 |
Team Members
3
Employees: 51-200
Web & Social Links
| Website | nexite.io |
| Careers | Careers page |
Locations
Yigal Alon St 126, Tel Aviv-Yafo, Israel
Photos & Videos
4 item(s)
Nexite Business
Business models
B2B2C, B2B
Product stage
Released
Employees
51-200
Sector
Business SoftwareSales & Marketing Solutionse-Commerce ToolsTarget Customer
Commerce & RetailDistribution ChannelseCommerce PlatformsCore Technology
CommunicationsBluetoothIOTSensingTags (15)
semiconductorssensorsshopping-experiencefashionenterprise-solutionsretailerscloudwireless-communicationretailnfcmobile-applicationsconnectivitylocation-basediotmanagement-solutionsGeographic Markets
GlobalNexite Financials
$100M
Total funding
Undisclosed
Capital raised
$67M
Last funding
C
Funding stage
3
Total rounds
6
Investors
Cumulative Funding Raised Over Time ($)
$11.0MJan 2018
$78.0MMay 2022
$100.0MOct 2020
Private Equity Funding
C Round
May 2022
$67M
Saban Ventures, Battery Ventures, Intel Capital, Pitango First, Vertex Ventures Israel
B Round
Oct 2020
$22M
Vertex Ventures Israel, Intel Capital, Battery Ventures, Pitango Growth
A Round
Jan 2018
$11M
Battery Ventures (Lead)
,
Vertex Ventures Israel, Pitango First
Nexite Lifecycle
Cumulative Funding Raised Over Time
$11.0MJan 2018
$78.0MMay 2022
$100.0MOct 2020
All Events
C Round
May 2022
$67M
Saban Ventures, Battery Ventures, Intel Capital, Pitango First, Vertex Ventures Israel
B Round
Oct 2020
$22M
Vertex Ventures Israel, Intel Capital, Battery Ventures, Pitango Growth
A Round
Jan 2018
$11M
Battery Ventures (Lead)
,
Vertex Ventures Israel, Pitango First
Nexite News
4 articles
growth-positive
Attention shoppers: Israeli startups putting the 'AI' in 'retail' management | CTech
Israeli startups are developing AI solutions to aid retailers in overcoming challenges and joining the digital revolution. Onebeat offers software for real-time customer analysis, Drill monitors customer behavior in stores, Trax provides retail analytics solutions, Nexite offers real-time in-store intelligence, and STOREE optimizes store performance using AI. The impact on these companies is growth-positive. The key theme of the article is the use of AI in retail. The key issues discussed are customers and partners. The article does not mention any specific investors, customers, valuation amount, acquisition amount, investment amount, layoffs, or date of the event. Confidence level: 8/10.
CustomersPartners
Growth-Positive
Emerging Startups 2022: Top In Store Retail Tech Startups
The In Store Retail Tech sector, comprising over 5.8K startups, has seen significant growth and investor interest, with total funding reaching USD 27.1B. The sector includes companies providing technology solutions for offline retailers, such as inventory management, marketing, payments, and customer engagement. Notably, half of the sectors funding has been raised in the last three years (2019-2021). Major investors in the sector include Y Combinator, Techstars, Sequoia Capital, Accel, and Plug and Play Tech Center.
Investment
growth-positive
Nexite raises $67 million Series C for connected merchandise platform CTech
Israeli startup Nexite has raised a $67 million Series C investment to support its data platform for real-time in-store intelligence. The platform uses battery-free, long-range communication technology to provide a continuous stream of data, enabling brands to increase in-store revenue with real-time sales funnel analytics. The funding round, led by Pitango Growth and Saban Ventures, brings Nexites total funding to $100 million. The company plans to increase its employee count from 72 to 100 in the coming year. Nexites data platform connects physical merchandise to the cloud, providing actionable insights to optimize store sales per square foot. The platform includes a patented battery-free NanoBT tag that enhances the customers in-store experience.
InvestmentExpand
growth-positive
נבחרת הסטארטאפים 2019
Israeli startup Nexite is developing a small and inexpensive electronic tag that provides connectivity to any clothing or item. The tag collects the energy required for its operation from the environment, without the need for a battery, and transmits the items identity and location in real-time. For customers, this product can provide a similar experience to Amazon Go, automatically charging them for items as they leave the store and allowing them to locate products they saw online in real-time. For fashion retailers, Nexite develops applications for use with the tag, such as inventory management and data analysis. The product also allows retailers to replace the cumbersome security magnet currently attached to clothes. Nexite aims to be the only solution that enables self-checkout with full security.
CustomersPartnersInvestment
Nexite Team
Employee Info
| Employees (range) | 51-200 |
| Exact count | 73 |
| Team members | 3 |
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Nexite Internal
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Admin Info
| Confidence | 99/100 |
| Missing | markets |
| BI Verification | Hilla Gorokhovsky |
| Registrar ID | 515694990 |
| Crunchbase | nexite |
| Creator | Maor Perlov |
| Creator email | maorperlov@gmail.com |
| Last updater | Jenny Sotnik-Talisman |
| Updater email | jenny.sotnik@sncentral.org |
| Last update | 2022-10-06T00:00:00.000Z |
| Created | 2019-07-02T00:00:00.000Z |
| Claimed | Yes |