Luxembourg-based data-driven fintech that provides Software-as-a-Service (SaaS) solutions for the asset management industry, raised €5 million in a funding round.
The round was backed by NewAlpha Asset Management, alongside Volta Ventures, Seed X, Seeder Fund, Expon Capital, and Middlegame Ventures.
The financing will support the company’s R&D in analytics and help them in their recruitment, support the opening of the fintech’s new London office and its expansion plans across Europe
Company: Next Gate Tech SA.
Raised: €5.0M
Round:
Funding Month: June 2022
Lead Investors:
Additional Investors: NewAlpha Asset Management, alongside Volta Ventures, Seed X, Seeder Fund, Expon Capital, and Middlegame Ventures.
Company Website: https://nextgatetech.com/
Software Category: Data Management and Analytics software
About the Company: Next Gate Tech leverages the latest cloud technology, to give our 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. Through Next Gate Tech analytics tools to provide automated NAV Oversight, Risk Oversight, ESG oversigh. In summary, Next Gate Tech help drive efficiency and reduce risk, by eliminating the need for multiple-point solutions and legacy databases enabling firms to manage their governance and controls independently and consistently, while lowering their technology and manual spending.
Source: https://tech.eu/2022/06/08/boosting-data-analytics-for-fund-managers-next-gate-tech-taps-eur5-million