Next Gate Tech, a Luxembourg-based fintech, has raised EUR8m (USD8.8m) 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 Seed X. Enrique Sacau, CEO of Kneip, a Deutsche Börse subsidiary, will join the board of Next Gate Tech. A partnership between Kneip and Next Gate Tech enables financial institutions to streamline their fund distribution and regulatory reporting processes.
Next Gate Tech’s data management, insights and analytics technology is used by fund industry participants including banks, asset managers, and other financial services providers, to optimise operations, comply with regulatory requirements and enhance the client experience.