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PASADENA, Calif., Nov. 9, 2022 /PRNewswire/ -- 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") today 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. (NASDAQ:INKA) ("KludeIn"). 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 fortifie
Near is among the largest full-stack intelligence providers of aggregated anonymized data on people's behavior around places, with 1.6 billion unique user IDs, in over 70 million places across 44 countries.Near would have a post-transaction pro-forma market capitalization of nearly $1 billion, assuming there are no redemptions by KludeIn's public stockholders and a successful private placement of $95 million of KludeIn common stock.The transaction is expected to generate $268 million of gross proceeds, assuming there are no redemptions and a successful private placement of $95 million of KludeIn common stock.The Company has also secured a $100 million committed equity financing facility from
4 - Near Intelligence, Inc. (0001826671) (Issuer)
4 - Near Intelligence, Inc. (0001826671) (Issuer)
4 - Near Intelligence, Inc. (0001826671) (Issuer)
8-K - Near Intelligence, Inc. (0001826671) (Filer)
8-K - Near Intelligence, Inc. (0001826671) (Filer)
25-NSE - Near Intelligence, Inc. (0001826671) (Subject)
4 - Near Intelligence, Inc. (0001826671) (Issuer)
4 - Near Intelligence, Inc. (0001826671) (Issuer)
SC 13G/A - Near Intelligence, Inc. (0001826671) (Subject)
SC 13G/A - Near Intelligence, Inc. (0001826671) (Subject)
SC 13G/A - Near Intelligence, Inc. (0001826671) (Subject)
Near is among the largest full-stack intelligence providers of aggregated anonymized data on people's behavior around places, with 1.6 billion unique user IDs, in over 70 million places across 44 countries.Near would have a post-transaction pro-forma market capitalization of nearly $1 billion, assuming there are no redemptions by KludeIn's public stockholders and a successful private placement of $95 million of KludeIn common stock.The transaction is expected to generate $268 million of gross proceeds, assuming there are no redemptions and a successful private placement of $95 million of KludeIn common stock.The Company has also secured a $100 million committed equity financing facility from