Tech Company Financing Transactions
Nex Cubed Funding Round
On 2/6/2023, Nex Cubed received $40 million in funding from Costco Wholesale and HBCU.vc.
Transaction Overview
Company Name
Announced On
2/6/2023
Transaction Type
Venture Equity
Amount
$40,000,000
Round
Undisclosed
Investors
Proceeds Purpose
Evans said the limited target partners for this fund are corporations and foundations and says many have sought to commit as an extension of their previous diversity, equity and inclusion promises. From this, the HBCU Founders Fund also hopes to tap the talent and executive workforce of its LPs to serve as mentors and advisors to those within their upcoming portfolio.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
1268 Prospect Street La Jolla
San Diego, CA 92037
USA
San Diego, CA 92037
USA
Phone
Undisclosed
Website
Email Address
Overview
We back bold entrepreneurs who are willing to take serious risks to solve real problems. Nex Cubed is a global accelerator that invests in diverse founders that are solving problems that matter.We provide early-stage capital, corporate relationships, and access to a global ecosystem that empowers startups, investors, corporates, and governments to bring new technologies to market, help rising companies scale, and provide paths to liquidity -- the power of three.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chairman
Maggey Hoffmann
Chief Executive Officer
Marlon Evans
Co-Founder
Kip Quackenbush
Browse more venture capital transactions:
Prev: 2/6/2023: Latent Technology venture capital transaction
Next: 2/6/2023: Snab venture capital transaction
Share this article
About Our VC Transactions Data
We do our best to report on every notable VC transaction. VC transactions reported here come from company press releases and news coverage. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs