Next Gate Tech Raises €2 Million

Next Gate Tech raises an additional round of financing to drive digital transformation in the fund industry operations processes. The Luxembourg based Fintech revolutionizing the fund industry technology thanks to his intelligent automation solution, announced the successful closing of its latest round of financing, bringing the total amount raised to date to €2 million.

In a press release, Next Gate Tech announced that MiddleGame Ventures, a leading financial services technology venture capital firm, and Expon Capital co-led the fundraising backed by existing shareholders. The startup will now use the funds to invest in talent acquisition and expand their client offering.

“We are happy to announce the successfully closed round, backed by our existing shareholders Expon Capital, Seeder Fund and Business Angels from Yeast and Be Angels Network,” commented Next Gate Tech’s CEO Davide Martucci. “We are pleased to welcome MiddleGame Ventures, who will expand our robust investor base and will help us with our strategic development. The trust our existing shareholders are expressing with their commitment, coupled with the arrival of a new specialized Fintech investor, creates an optimal context for enhancing our solution and accelerating our business development.”

This latest financing will allow the startup to further develop its innovative methodologies of data management and analytics in the funds middle and back-office space. The team expects to further expand its modules based one-stop-shop smart, automated solution for Management Companies and continuously roll out the solution to other players across the fund industry value chain.

“With its powerful solution, we strongly believe that Next Gate Tech is on the brink of revolutionizing how part of the fund industry operates.”

Next Gate Tech provides a SaaS solution for funds industry players. The solution relies on next-generation technology to offer data management as a service, and smart automation of back-office processes, as NAV oversight and Risk management metrics overview. The company fully leverages machine learning, data analytics, and public cloud infrastructure to provide intelligent, adaptive, and dynamic automation solutions.

“We are delighted to help Davide and his team with their vision to automate complex processes within the funds management industry,” tells Pascal Bouvier, Managing Partner, MiddleGame Ventures. “We strongly believe smart data driven automation to be the future of asset management which is why we are backing Next Gate Tech. We are further excited to participate in the development of cutting edge fintech solutions based out of Luxembourg.”

As for Expon Capital (see our article “Expon Capital: Investing in founders with bold ideas for global impact“), it is through the Digital Tech Fund that the Luxembourg venture capitalist invested in the startup and decided to back the team. “With its powerful solution, we strongly believe that Next Gate Tech is on the brink of revolutionizing how part of the fund industry operates. Thanks to the cloud and RPA, the future is here, it is just not yet evenly distributed. We can’t wait to see clients discover how valuable it is,” concludes Jérôme Wittamer, Expon Capital’ Founding Partner.

Photo: Davide Martucci, CEO of Next Gate Tech © Next Gate Tech

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