Next Gate Tech, a leading provider of innovative technologies for the financial services
industry, announced a €8 million investment in a new funding round led by DB1 Ventures,
the Corporate Venture Capital unit of Deutsche Börse Group, with the continued support of
existing investors; NewAlpha Asset Management, Volta Ventures, Expon Capital, and
SeedX.
This investment will accelerate 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.
"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." said Davide Martucci, CEO of Next Gate Tech.
"We are impressed by Next Gate Tech's innovative solutions and their proven track record in
implementing cutting-edge technology with ease while providing a first-class customer
experience. Their offerings are well-aligned with our investment thesis, and we are delighted
to have a commercial partnership agreement already in place with our subsidiary Kneip. As
a strategic investor, our aim is to foster long-term partnerships, and we see great potential
for collaboration between Next Gate Tech and Deutsche Börse subsidiaries such as Kneip,"
said Christoph Osburg from DB1 Ventures.
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.
"This investment by our parent company Deutsche Börse Group cements our partnership
with Next Gate Tech. The logic of it is to add more value to our clients on the back of
delivering both exceptionally high-quality data and bigger coverage of their value chain. This
makes us unique." said Enrique Sacau, CEO of Kneip, who is joining the Board of Next Gate
Tech following the investment of Deutsche Börse Group.
About Next Gate Tech: Next Gate Tech is a leading provider of innovative technologies for
the financial services industry. The company's solutions help financial institutions to
streamline their processes, improve efficiency, and reduce costs. The company leverages
the latest technologies to provide a smart data management, insights and analytics Saas
platform which ingests datasets from multiple sources to create an harmonized golden copy
and generates various calculations to oversee delegates, analyze investments behaviors,
compare performance and generate risk based metrics. The company has offices in
Luxembourg and in London.
About Deutsche Börse: As an international exchange organization and innovative market
infrastructure provider, Deutsche Börse Group ensures capital markets that are transparent,
reliable and stable. With its wide range of products, services and technologies, the Group
organizes safe and efficient markets for sustainable economies.
Its business areas cover the entire financial market transaction process chain. This includes
the provision of indices, data and analytical solutions as well as admission, trading and
clearing. Additionally, it comprises services for funds, the settlement and custody of financial
instruments as well as the management of collateral and liquidity. As a technology company,
the Group develops state-of-the-art IT solutions and offers IT systems all over the world.
With more than 10,000 employees, the Group has its headquarters in the financial center of
Frankfurt/Rhine-Main, as well as a strong global presence in locations such as Luxembourg,
Prague, Cork, London, New York, Chicago, Hong Kong, Singapore, Beijing, Tokyo and
Sydney.
