Nextmarkets lands $6.9m new funding
Courtesy of a just-completed Series A round, Cologne-based nextmarkets has raised $6.96 million (€6 million) in capital, reports David Penn at Finovate.
The round featured participation from existing investors FinLab, Peter Thiel and Falk Strascheg, as well as new investors Axel Springer Media for Equity GmbH, Cryptology Asset Group PLC, and UK hedge fund manager Alan Howard.
The Series A takes the company’s total equity to nearly $14 million. Howard commends the firm for its “impressive technology” which, he says, will add to the company’s future innovations to make a “lasting impact on the retail investment space”.
The funding news is only one headline nextmarkets has made recently. The company also launched its real-money offer, which enables customers to open real money accounts and participate in equity markets on the nextmarkets platform. The company plans to add crypto market options soon. Nextmarkets also announced that its subsidiary, nextmarkets Trading Limited, has obtained a Category 3 Investment Service Licence in Malta.
“With obtaining the licence and going live we have taken a major milestone in our success story,” states nextmarkets’ co-founder and CEO, Manuel Heyden. “From now on we will focus on dynamic growth in Europe and soon globally with our highly scalable, transactional business model.”
Founded in 2014 and headquartered in Cologne, Germany, nextmarkets specialises in the field of curated investing. It enables individual investors and traders to benefit from the expertise of 14 investment professionals who provide real-time trading insights via the web or smartphone on more than 1,000 markets, including equities, indices, foreign exchange, and commodities.
And with both ETF and crypto currency markets to be added soon, nextmarkets will make it even easier for traders and investors to remain vigilant for market opportunities – especially in sectors with which they are less familiar. “As an active investor, I always wonder who has the time to analyse the wide range of stocks and cryptos,” notes nextmarkets’ co-founder and CTO, Dominic Heyden. “Now I have my own investment professionals in my pocket and will be backed by them on the markets. If one of my coaches makes a profit in his bitcoin analysis, I do it on my account.”
The Heyden brothers have a history in social investing, having co-founded Ayondo in 2008.