Near, a Pasadena, CA-based provider of a data intelligence software-as-a-service (“SaaS”) platform, raised $100M in funding.
The round was led by Blue Torch Capital.
The company intends to use the funds to fortify its balance sheet and expand its strategic position to the market, as it prepares for its next phase of growth of becoming a publicly traded company.
Led by CEO Anil Mathews, Founder, and CEO, Near is a data intelligence software-as-a-service (“SaaS”) platform that curates intelligence on people, places, and products. Its data and insights empower marketing and operations teams to understand consumers’ online and offline behaviors, affinities, and attributes in order to engage them and grow their businesses. The platform patented technology analyzes data on approximately 1.6 billion unique user IDs and 70 million points of interest in more than 44+ countries. With a presence in Pasadena, Campbell, Paris, Bangalore, Singapore, Sydney, and Tokyo, the company serves scaled enterprises in retail, real estate, restaurant/QSR, travel/tourism, telecom, and financial services.
In May, Near announced it had entered into a definitive business combination agreement with KludeIn I Acquisition Corp. (Nasdaq: INKA). KludeIn will file a Current Report on Form 8-K today providing further information about the financing agreement.
FinSMEs
10/11/2022