Next Big Thing AG, a Berlin-based IoT and blockchain company builder, has completed an investment round led by HDI Global SE.
Next Big Thing AG (NBT), a German Internet-of-Things (IoT) and blockchain company builder, has secured 12 million euros ($13.5 million) in a new funding round, according to a press release on April 8.
NBT announced that the firm has successfully completed its Series A investment round led by global industrial insurance giant HDI Global SE through Hannover Digital Invest, with participation by the FinLab EOS VC Fund, a $100 million joint venture by fintech incubator FinLab AG and blockchain software developer Block.one.
According to the press release, HDI Global decided to invest in NBT to support the combination of IoT and blockchain 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 Digital Hub Initiative, a group of 12 national digital expertise hubs that was established by Germany’s Federal Ministry for Economic Affairs and Energy.
Recently, Swiss blockchain-based insurance transaction platform B3i added three new insurers and reinsurers to its group of investors within a new funding round. Previously, Cointelegraph had reported that B3i increased its capital by $16 million in February, having maximized its capital to $22.6 million.
Source: , CoinTelegraph
Articles listed with Cash Tech News as the author are either general information, or may have been imported from another website, to bring our readers a rich media experience that encompasses articles that we find interesting, as well as those curated by others.
The views and opinions expressed here are for informational purposes only, and should not be confused with professional financial advice. These opinions are solely those of the author and do not necessarily reflect the views of CashTechNews.com. Every investment and trade involves risk. You should conduct your own research, and contact your professional financial advisor before making any investment.
Corrections, feedback, and ideas should be submitted through the website contact form.