Next Gate Tech, a Luxembourg-based Fintech providing Intelligent automation solutions for the Asset Management Industry, announces the completion of its Seed Round. Expon Capital, a Luxembourg-based Venture Capital firm, led the fundraising through the Digital Tech Fund, a Luxembourg joint public-private fund. The round has been co-subscribed by Seeder Fund, the Belgium-based Venture Capital firm, and Business Angels from Yeast and Be Angels networks.
by: Silicon Luxembourg
photo: Next Tech Gate
featured: Semin Ibisevic, David Martucci and Aleksandar Pramov
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“We are proud to share that we successfully closed our Seed Round of fundraising. We are delighted to welcome some big names of the Benelux VC and business angels’ networks,” says Davide Martucci, Next Tech Gate’s Chief Executive Officer. “We are excited about the funding partnerships we’ve accomplished and the value those investors bring to the company and to our clients. We share with both Expon Capital and Seeder Fund teams the same mindset regarding innovation, and long-term partnership. They provide the necessary strength to our company to roll out in Luxembourg and across Europe and continuously enhance our solution”.
The Luxembourg-based data-driven FinTech provides innovative Software-as-a-Service solutions for the asset management industry. “From the first time we met Next Gate Tech, we saw their solution as a leap forward for the fund industry. We were impressed by how powerful it is. It perfects and automates the data flow of the fund management industry to ensure the accuracy of vital tasks in fund oversight,” tells Expon Capital’s Founding Partner Marc Gendebien.
Next Tech Gate’s mission is to enhance the asset management industry, fully leveraging next generation technology, data analytics, and smart automation. The company capitalizes on the rapid emergence of cloud-based computing frameworks to offer fast, accurate, and robust solutions to its clients. “This advance for the industry is a time warp for daily tasks, bypassing long-lead times on quarterly and annual reporting,” confides Mr Gendebien. “The overwhelming feedback from existing and prospective customers proved to us that Next Gate Tech’s solutions are a “must-have” for the fund industry. There is no way back. CEO Davide Martucci and his team speak the language of fund oversight and came directly from years of experience as fund managers. “
The Fintech startup provides intelligent, adaptive, and dynamic automation solutions through a web platform to help industry players manage middle and back-office oversight processes. “We appreciated the genesis of Next Gate Tech, which developed its solution to initially respond to its own need of private fund manager, before realizing that there was a market opportunity,” concludes David Van Tieghem, Co-founder of Seeder Fund.