The corporate venture capital unit of Deutsche Börse has spearheaded an €8 million investment round in Next Gate Tech, a provider of data management software for the funds industry.
This investment follows Deutsche Börse’s acquisition last year of Kneip, a Luxembourg-based fund data manager that has an existing commercial relationship with Next Gate Tech.
Next Gate Tech, headquartered in Luxembourg and London, offers a platform that integrates datasets from various sources to create a harmonized “golden copy.” The platform generates calculations that help oversee delegates, analyze investment behaviors, compare performance, and produce risk-based metrics.
Enrique Sacau, CEO of Kneip and a newly appointed board member of Next Gate Tech, commented, “This investment by Deutsche Börse Group strengthens our partnership with Next Gate Tech. Our goal is to enhance the value we deliver to clients by providing exceptionally high-quality data and broader coverage of their value chain.”
Christoph Osburg from DB1 Ventures expressed confidence in the collaboration, saying, “Next Gate Tech’s offerings align well with our investment thesis, and we are pleased to have a commercial partnership in place with Kneip. As a strategic investor, we aim to cultivate long-term partnerships and see significant collaboration potential between Next Gate Tech and other Deutsche Börse subsidiaries.”
DB1 Ventures was joined in this funding round by existing investors, including NewAlpha Asset Management, Volta Ventures, Expon Capital, and Seed.
Davide Martucci, CEO of Next Gate Tech, remarked, “We are thrilled to have Deutsche Börse, an innovative international exchange, as our lead investor, and we appreciate the ongoing support from our existing investors. This new funding will allow us to further enhance our products and services and expand into new markets.”