We are thrilled to share that Davide Martucci, Semin Ibisevic and the Next Gate Tech team have raised €8M in a new funding round led by DB1 Ventures (the CVC arm of Deutsche Börse Group) to continue the acceleration and growth of their smart data management, insights and analytics suite for the financial services industry.
Since MGV’s initial investment in 2020, Next Gate Tech has successfully scaled from a hyper focused back-office net asset value (NAV) automation solution serving asset managers, to a comprehensive suite of intelligence automation solutions serving the wider financial services value chain. The SaaS platform ingests datasets from multiple, disparate sources to create a harmonized ‘gold source’ which can then be leverage across a host of different use cases including improving investment analysis, behaviours, performance comparisons and generate risk-based metrics.
MGV Partner and Board Member, Kanishk Walia, shares his thoughts on the investment: “An exceptionally exciting time for Next Gate Tech. The injection of funding, combined with the Kneip commercial partnership, which enables financial institutions to streamline their fund distribution and regulatory reporting processes, unlocks an exponential range of opportunities and allows them to expand their reach into new markets.”
You can read more about Next Gate Tech and funding round here.