Near Raises $100 Million from Blue Torch Capital as it Prepares for its Next Phase of Growth
Near, a global, full-stack data intelligence software-as-a-service (“SaaS”) platform that stitches and enriches data on people and places (“Near”, or the “Company”) announced that it will have access to up to $100 million from Blue Torch Capital, as it prepares for its next phase of growth of becoming a publicly traded company. In May, Near announced it had entered into a definitive business combination agreement with KludeIn I Acquisition Corp. KludeIn will file a Current Report on Form 8-K today providing further information about the financing agreement.
“The additional funding from Blue Torch Capital fortifies our balance sheet and enables us to position Near as a leading data intelligence platform on the market,” said Anil Mathews, Founder, and CEO of Near. “The financing combined with our upcoming business combination with KludeIn provides liquidity to continue to execute on our winning flywheel for enhanced business outcomes.”
Near, a global, full-stack data intelligence software-as-a-service (“SaaS”) platform curates one of the world’s largest sources of intelligence on people, places, and products. Near’s platform patented technology analyzes data on approximately 1.6 billion unique user IDs and 70 million points of interest in more than 44+ countries. Near’s 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. With a presence in Pasadena, Campbell, Paris, Bangalore, Singapore, Sydney, and Tokyo, Near serves scaled enterprises in retail, real estate, restaurant/QSR, travel/tourism, telecom, and financial services.
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