Next Big Thing AG (NBT), a Internet-of-Things () and company builder, has secured 12 million euros ($13.5 million) in a new funding round, according to a on April 8.
NBT announced that the firm has successfully completed its Series A round led by global industrial giant HDI Global SE through Hannover Digital Invest, with participation by the FinLab VC Fund, a $100 million by incubator FinLab AG and developer Block.one.
According to the press release, HDI Global decided to invest in NBT to support the combination of IoT and technologies with a focus on machine economy.
Thomas Kuhnt, a member of the board of management of HDI Global SE, stated that HDI is not only investing, but also will actively participate in the development of new projects to expand its own knowledge and solutions.
Founded in 2016, Next Big Thing AG is an IoT hub that concentrates digital expertise in 12 national hubs. NBT is a member of the , a group of 12 national digital expertise hubs that was established by Germany’s Federal Ministry for Economic Affairs and Energy.
Recently, Swiss -based insurance transaction platform B3i three new insurers and reinsurers to its group of investors within a new funding round. Previously, Cointelegraph had that B3i increased its capital by $16 million in February, having maximized its capital to $22.6 million.
Published at Wed, 10 Apr 2019 08:02:16 +0000
