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Nex Playground announces $150m in new funding as hardware sales pass one million
Nex Team has secured $150 million in Series E funding, co-led by Baillie Gifford and BAI Capital, as sales of its Nex Playground active console surpass one million units. The company's subscriber base has grown sevenfold in 18 months to nearly one million. The new funding will support international expansion, inventory, and go-to-market initiatives, with former Niantic CFO Jeff Shouger and executive Bing Gordon joining the team.
"Every major publisher has approached us to review their old Kinect and Wii catalogue" - Nex Playground is spoilt for choice as its international rollout continues
Nex Playground, a family-friendly micro-console, is expanding globally, with Germany being its next major market. The company has sold over a million units and is seeing strong subscription attach rates. Nex Team is actively reviewing older Kinect and Wii titles for potential revival on its platform, alongside new partnerships with Sega and Bandai Namco for Pac-Man and Sonic Forces: Rival Rush.
Nex Playground available for pre-order in UK and Ireland at £269
The Nex Playground, an AI-powered active play system, is now available for pre-order in the UK and Ireland for £269. The console includes five starter games, with access to over 60 additional titles via subscription passes. Nex Team president Tom Kang highlighted the console's focus on trust, safety, and active play for families, aiming to provide a solution for parental concerns about screen time.