Nex Playground Gaming Console Maker Raises More Than $150 Million in Funding, Niantic’s Jeff Shouger Joins as CFO

By Jennifer Maas

Jennifer Maas

TV Business Writer

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Nex, the company behind the popular family gaming console Nex Playground, has secured more than $150 million in new financing to support expansion across retail distribution and help grow its content ecosystem with major gaming and entertainment partners.

According to Nex, the company plans to roll out “connected play,” which will allow families to play together on its fitness-centric gaming consoles across households and distances. Led by CEO David Lee, Nex also plans to expand across Europe and Asia, following its recent expansion into Canada, the U.K. and the Republic of Ireland. Nex will move into Germany later this year, with Japan and Korea planned for 2027.

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