Nexar Ltd announced that it has raised $53 million in series D round of funding led by new investor Qumra Capital on November 17, 2021. The transaction included participation from new investors State Farm Ventures, Catalyst Investments L.P., Banca Generali S.p.A, Valor, returning investors Atreides Management, LP, Corner Ventures, Regah Ventures, Aleph Venture Capital and other investors. Erez Shachar of Qumra Capital, will be joining Board of Directors.