Nexite

Connected Merchandise Platform

Business Software
Active
Series C Tel Aviv-Yafo Founded 2018
Total raised
$100.0M
Last: Series C 2022-05
Stage
Series C
Founded
2018
Headcount
73
HQ
Tel Aviv-Yafo
Sector
Business Software

About

Nexite’s connected merchandise platform connects physical merchandise to the cloud, providing retailers with an automated, in-store tech solution to drive sales and offer new customer experiences.

Using real-time merchandise performance, availability, and location data, Nexite presents an in-store customer journey analytics solution. With real-time sales funnel insights into customer engagement, abandonment, and conversion, retailers can localize merchandise assortments and inventory allocation. The data is also used to create live heat maps to optimize space utilization and visual merchandising compliance. Nexite's solution also includes secure frictionless commerce to reduce loss while enhancing the customer experience with post-purchase applications and digital product content.

With Nexite, staff can spend more time with their customers rather than manually scanning all products in the store (Nexite tag is automatic). They also have real-time location visibility for each item in the store, improving efficiency and customer experience. Plus, they get valuable recommendations from merchandising/operations through the Nexite platform to support an increase in their sales.

Funding history · 2 rounds · $100.0M total

2022-05
Series C $67.0M
2018-01
Series A $11.0M

Sectors & technology

Primary sector
Business Software
Sub-sectors
Business SoftwareSales & Marketing Solutionse-Commerce Tools
Technologies
CommunicationsBluetoothIOTSensing
Target customers
Commerce & RetailDistribution ChannelseCommerce Platforms
Business model
B2B2CB2B

Highlights

Verified

Tags

semiconductorssensorsshopping-experiencefashionenterprise-solutionsretailerscloudwireless-communicationretailnfcmobile-applicationsconnectivitylocation-basediotmanagement-solutions