Nextiles
Nextiles is a technology company.
Financial History
Nextiles has raised $5.0M across 1 funding round.
Frequently Asked Questions
How much funding has Nextiles raised?
Nextiles has raised $5.0M in total across 1 funding round.
Nextiles is a technology company.
Nextiles has raised $5.0M across 1 funding round.
Nextiles has raised $5.0M in total across 1 funding round.
Nextiles has raised $5.0M in total across 1 funding round.
Nextiles's investors include 1Up Ventures, Drive by DraftKings, Meritech Capital Partners, Remagine Ventures, Eli Manning.
Nextiles is a materials science startup founded in 2018 that develops patented, fabric-based sensors integrating flexible electronics into everyday clothing for real-time biometric and biomechanical data capture.[1][2][3] The company builds smart wearables like compression arm sleeves and full-body garments that provide 3D motion capture, Newtonian force analytics (force, bending, stretching, velocity, pressure), and performance insights, serving professional athletes, sports teams, leagues, military, healthcare, and connected fitness sectors.[2][4][5] It solves the problem of clunky, lab-bound motion tracking by enabling seamless, scalable data collection from "Internet of Moving Things" via user-friendly form factors, de-risking R&D through B2B paid pilots and building proprietary datasets.[1][2] With backing from the Air Force, DraftKings, NBA, MSG Sports, NSF, and a $5M oversubscribed seed round in 2022, Nextiles shows strong growth momentum in disrupting human performance analytics.[2][3]
Nextiles emerged from founder George Sun's expertise in advanced materials, bioengineering, and electrical engineering, sparked by his physical therapy experiences highlighting the need for objective, data-driven movement quantification beyond subjective observations.[1][5] Founded in April 2018 as a C-corp in Brooklyn, NY, the company started by merging sewing technology with semi-conductive fibers to embed circuitry directly into fabrics, moving beyond pod-like wearables.[1][5] Early traction included MIT Sandbox Innovation Fund recognition, partnerships with sports/fashion/government entities, CFDA membership, and MaterialConnexion showcases; pivotal moments feature Air Force backing, NSF grants, and the 2022 $5M seed led by Drive by DraftKings, NBA, MSG Sports, and Olympic champion Hilary Knight.[2][3][5] Key leaders include CEO George Sun, Chief Business Officer John Peters (with B2B networks in sports/wellness/PE), and R&D head Robert Lindo (Carmesi founder).[1][2]
Nextiles rides the smart textiles and wearable tech boom, merging IoT with "Internet of Moving Things" amid rising demand for precise, non-invasive human performance data in pro sports, military, rehab, and beyond—expanding to sleep analysis, automotive, and infrastructure.[1][2][5] Timing aligns with post-2022 funding surge and AI/ML advancements for injury prevention/workload insights, fueled by market forces like athlete data monetization (e.g., NBA/MSG investments) and hardware miniaturization.[3][5] It influences the ecosystem by redefining wearables as invisible fabric circuits, enabling scalable B2B platforms that bridge sports medicine gaps and foster cross-industry apps, positioning NY as a smart manufacturing hub via local innovation networks.[5][6]
Nextiles is primed to scale from pilots to widespread adoption in elite sports/military, leveraging its $5M seed for custom integrations and 5G/ML expansions into consumer fitness, rehab, and smart environments.[2][3][4] Trends like AI-driven biometrics, edge computing, and sustainable textiles will accelerate growth, potentially evolving it into a platform leader for "quantified humans." As the only seamless Newtonian sensor provider, its influence could standardize fabric-based analytics, transforming how we interact with performance data daily—echoing its mission to redefine the Internet of Moving Things.[1][2]
Nextiles has raised $5.0M across 1 funding round. Most recently, it raised $5.0M Seed in June 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jun 1, 2022 | $5.0M Seed | 1Up Ventures, Drive by DraftKings, Meritech Capital Partners, Remagine Ventures, Eli Manning |