Nextiles Raises $5M In Oversubscribed Seed Round To Fuel Growth In Smart Athletics
06/07/22, 7:00 AM
Location
Money raised
$5 million
Round Type
seed
Nextiles, a smart fabric technology for athletes, today announced its $5M seed round led by Drive by DraftKings, with participation from the NBA, Madison Square Garden Sports Corp., Alumni Ventures, SmartSports, Phoenix Capital Ventures and Newlab. The new round includes investments from prior round investors and customers, as well as an investment from three-time Olympic ice hockey medalist Hilary Knight. The new funding will be used to accelerate Nextiles' patented fabric-based sensor platform and usher in new analytics across all sports.