Next Gate Tech, a provider of technologies for the financial services industry, has raised €8m in an investment round led by DB1 Ventures.
DB1 Ventures is the corporate venture capital unit of Deutsche Börse Group. There was also continued support of existing investors, such as NewAlpha Asset Management, Volta Ventures, Expon Capital, and Seed X.
Next Gate Tech leverages the latest cloud technology, to give its clients, all their data from multiple unharmonized/unstructured sources, as one consistent, consolidated, and independent source enabling them to streamline their day-to-day processes.
Kneip is the data franchise of Deutsche Börse Group´s Fund Service. The partnership between Kneip and Next Gate Tech enables financial institutions to streamline their fund distribution and regulatory reporting processes.
According to Next Gate, this recent funding raise will speed up the development of Next Gate Tech’s cutting-edge solutions that help financial institutions streamline their processes, improve efficiency, and reduce costs.
Next Gate Tech’s data management, insights and analytics technology is used by various fund industry players across the value chain, such as banks, asset managers, and other financial services providers, to optimize their operations, comply with regulatory requirements and enhance their customer experience.
Next Gate Tech CEO Davide Martucci said, “We are excited to have Deutsche Börse, an innovative international exchange organization, as our lead investor, and we are grateful for the continued support of our existing investors. The new funding will enable Next Gate Tech to enhance its products and services further and expand its reach to new markets.”
Proprli, a platform that enables property and asset managers to manage their real estate portfolios while complying with ESG objectives, has recently secured £600k in funding.
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