Nex Playground Announces $150M in New Funding as Hardware Sales Pass One Million

Nex closed a $150 million Series E round with sales of its active console Nex Playground exceeding 1 million units. The round was co-led by Baillie Gifford and BAI Capital, with participation from NBA Investments, Logitech, Medici Capital Partners, and Raine Group. Funds will go toward expansion into Germany this year and Japan and Korea in 2027.

• Nex Playground sales exceeded 1 million devices
• Subscriber base grew 7x in 18 months
• $150M Series E led by Baillie Gifford and BAI Capital
• Expansion to Germany in 2026, Japan and Korea in 2027