The investment, announced on 13 April, will help Next Gate Tech accelerate their development of solutions to help financial institutions streamline their processes, improve efficiency and reduce costs.
“We are excited to have Deutsche Börse, an innovative international exchange organisation, as our lead investor, and we are grateful for the continued support of our existing investors,” said , CEO of Next Gate Tech. “The new funding will enable Next Gate Tech to enhance its products and services further and expand its reach to new markets.”
Next Gate Tech’s data management, insights and analytics technology is used by players in the fund industry, such as banks, asset managers, and other financial services providers, to optimise operations, comply with regulatory requirements and enhance customer experience. The company ingests, harmonises and enriches data so that clients can use it, and also performs analytics based on clean and enriched data.
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“We are impressed by Next Gate Tech’s innovative solutions and their proven track record in implementing cutting-edge technology with ease while providing a first-class customer experience,” said Christoph Osburg from DB1 Ventures. “As a strategic investor, our aim is to foster long-term partnerships, and we see great potential for collaboration between Next Gate Tech and Deutsche Börse subsidiaries such as Kneip.”
Fund data manager Kneip was in March 2022. In January 2023, Kneip announced that as , all fund information--including fund data and legal documents--are now supplied to Clearstream Fund Centre via Kneip.
“This investment by our parent company Deutsche Börse Group cements our partnership with Next Gate Tech,” said , CEO of Kneip. Next Gate Tech and Kneip in November 2022 announced a in managing fund data.
“The logic of it is to add more value to our clients on the back of delivering both exceptionally high-quality data and bigger coverage of their value chain. This makes us unique,” said Sacau, who is joining the board of Next Gate Tech following the investment of Deutsche Börse Group.