Next Gate Tech Announces €5M Funding Round

We are delighted to share the news that Next Gate Tech, the Luxembourg-based smart automation provider for the asset management industry, have completed a funding round of €5m.

MGV have doubled down on our support in the round led by New Alpha, alongside Volta Ventures, Seed X, Seeder Fund and Expon Capital.

The success of Next Gate Tech’s data harmonisation solutions have attracted a number of key players in the assessment management and fund administrator space including BNP Paribas Securities Services. The injection of financing will be used to strengthen the existing data management and analytics platform as well as roll out more advanced predictive analytics features. The investment will also enable key new hires and the establishment of a London office.

MGV Principal and Board Member, Kanishk Walia, shares his thoughts on the round: “We are excited to continue our partnership with the exceptional team at Next Gate Tech as they bring automation and data-first solutions to the asset management industry. Next Gate Tech’s rapidly growing and global customer base, which now includes a number of blue chip customer logos, paired with the close of the round, not only validates the real need and impact the solution is having in the market but positions them well to super charge their next phase of growth.”

You can read more about Next Gate Tech and funding round here.

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