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Nex

Nex Playground — the controller-free, camera-tracked console for families
Nex (legally NEX Team Inc.) makes Nex Playground, a palm-sized console that plugs into a TV and uses a wide-angle camera plus on-device computer vision to track players' body movements — no controllers or wearables. It is pitched at families and "active play" rather than at core gamers, and sells for $299 against consoles several times that price, pairing the hardware with Play Pass, a games subscription with more than 60 titles including licensed Bluey, Barbie, Kung Fu Panda, Peppa Pig and PAC-MAN games. The company says motion data stays local to the device and every unit ships with a camera cover; it is kidSAFE+ COPPA certified and PEGI 3 rated. Founded in San Jose in 2017 by ex-Apple engineers who had already sold a startup to Apple, it first built HomeCourt, an AI basketball-training app backed by Mark Cuban and Steve Nash, before shipping Playground at Target in December 2023 for $199. It is the descendant of the Wii and Kinect lineage, and its bet is that camera tracking and on-device inference have advanced enough since Kinect's 2017 discontinuation to make the category work. In September 2026 it raised more than $150M in equity and debt to expand beyond the US, Canada, the UK and Ireland into Germany, then Japan and Korea in 2027.
Gaming 📍 San Jose, CA Founded 2017
Current Valuation
Private
PRIVATE

IPO Outlookprivate

Is Nex going public?
No. Nex is private and has not filed to go public. There is no S-1 on file.
What is Nex's valuation in 2026?
No confirmed valuation is on record for Nex. The roster shows funding and investors where they are public; it does not estimate a mark.
Has Nex filed an S-1?
No public S-1 is on file for Nex.
Who are Nex's investors?
Nex's investors include Baillie Gifford, BAI Capital, NBA Investments, Logitech, Medici Capital Partners, The Raine Group and 7 more.
How much has Nex raised?
Nex has raised $150M in total across 5 disclosed rounds, most recently a Series E (plus a credit facility) of $150M in Sep 2026.
Is Nex publicly traded — can you buy Nex stock?
No. Nex is a private company — its shares are not listed on any exchange and there is no ticker. The routes to exposure are pre-IPO secondary marketplaces and funds (accredited investors), employee tender offers when the company runs one, and public companies with read-through exposure. QuantLogix maps every route it can verify for Nex on its Pre-IPO Access Desk.
How to actually get exposure to Nex →
Answers are derived from the roster record shown on this page — filing status, last round and confirmed marks. Where the record is silent, the answer says so rather than guessing.

Company Profile

CEO
David Lee
Founded
2017
HQ
San Jose, CA
Total Raised
$150M
Growth
Company-stated: more than 1 million Nex Playground units sold, distribution across 7,000+ US retail locations, and Play Pass subscribers up roughly sevenfold in 18 months and "approaching 1 million". No revenue figure disclosed.
Last Round
Series E (plus a credit facility) — $150M (Sep 2026) · Lead: Baillie Gifford and BAI Capital (co-leads)
IPO Status
private

Fundraising Status

Series E (plus a credit facility) · $150M · 2 mo ago
privateTotal raised $150M5 disclosed rounds

Growth & Valuation

Capital raised per round
Capital raised per funding round$9MSeries A (unconfirmed)$4MSeed$25MSeries B (unconfirmed)$30MExpansion (unconfirmed)$150MSeries E (plus a credit facility)
Charts built from publicly disclosed funding rounds and revenue estimates. Approximate, not real-time, not investment advice.

Funding History

RoundAmountDateLead InvestorPost-Money
Series E (plus a credit facility)$150MSep 2026Baillie Gifford and BAI Capital (co-leads)—
Expansion (unconfirmed)$30MJan 2024——
Series B (unconfirmed)$25MSep 2021——
Seed$4MJul 2018——
Series A (unconfirmed)$8.5M——

Talent Signal

Hiring trend
▶ Hiring steady
+5% vs 2026-09
Open roles
64
via greenhouse
Product-build share
52%
engineering, research, product, design
Trajectory
steady
product-led hiring — 52% of open roles build product; the rest are go-to-market and G&A.
Actively hiring with no tracked executive churn.
Open roles by month
Open roles by month61Sep '2664Oct '26
Open roles by function
Open roles by functionOther16Engineering16Marketing9Design6Ops & People4Hardware4Research4Legal & Policy2Data & ML2
■ product-building   ■ go-to-market / G&A
Creative Director, BrandDevOps Engineer (Game Production)Director / Senior Director, Hardware Product EngineeringDirector / Senior Director, Platform Software EngineeringGame EngineerHardware Prototype Engineer (Part-time Contract)
Counted from Nex's live job board as of 2026-10-21; role functions classified from posting titles. Open-role counts are an activity signal, not headcount. Refreshed monthly.

Founders & Key People

David LeeReggie ChanTony SungPhilip Lam

Investors

Baillie Gifford · BAI Capital · NBA Investments · Logitech · Medici Capital Partners · The Raine Group · Mark Cuban · Steve Nash · Jeremy Lin · Sam Hinkie · Dani Reiss · Charmides Capital · Mandra Capital

Products

  • Nex Playground (controller-free active-play console, $299)
  • Play Pass (games subscription, 60+ titles)
  • Connected Play (cross-household play, announced)
  • HomeCourt (AI basketball-training app)
  • Licensed titles with SEGA, Bandai Namco, Paramount, NBCUniversal (Bluey, Barbie, Kung Fu Panda, Peppa Pig, PAC-MAN, NFL Flag, Dude Perfect)

Competitors

Nintendo · Sony Interactive Entertainment · Microsoft (Xbox) · Meta (Quest) · Peloton
GamingConsumer HardwareNex PlaygroundComputer VisionSubscriptionFamily EntertainmentVenture Debt
Private-company numbers are not real-time. Reflects publicly disclosed valuations from press releases, news reports, and tender offers as of recent date. Refreshed quarterly.