Next Big Thing
Latest round
- Series B
Last raised
- Jul 2021
Total raised
- $36M
Investors
- 8
About Next Big Thing
Next Big Thing AG is engaged in creating advanced technological solutions. Founded in 2016 in Berlin, Germany, the company has undergone strategic growth since its inception., Mujinzo Labs, and Roell Partners, alongside returning backers EOS VC and GPS Ventures.Next Big Thing AG specializes in the development and deployment of innovative solutions in the fields of Internet of Things (IoT), Industrial IoT (IIoT), edge computing, and artificial intelligence (AI). Their core product offerings include advanced IoT platforms designed to optimize operational efficiency across various industries, enabling real-time data collection and analysis. These solutions address critical challenges such as resource management, predictive maintenance, and enhanced connectivity for both industrial and consumer applications. The company serves a diverse client base across multiple geographical markets, including Europe and North America, where enterprises leverage their technologies to drive digital transformation.Next Big Thing AG's revenue model is grounded in partnerships and B2B transactions, primarily focusing on long-term engagements with enterprise clients. Revenue generation occurs through subscription-based services that provide clients access to their IoT and AI solutions. The company offers tailored packages that align with specific business needs, typically involving an initial setup fee followed by recurring subscription payments covering updates, customer support, and value-added services. This model facilitates a steady revenue stream while allowing clients to scale as operational demands evolve. The company plans to focus on scalable business models and invest in core technologies for the future Machine Economy. Future growth initiatives include the design and launch of new products targeting the evolving needs of various industries. Furthermore, Next Big Thing AG aims to expand into new markets, particularly in North America and Asia, by 2023, aligning with their strategy to enhance their global presence and drive innovation.
Who invested in Next Big Thing
8 investors across 2 rounds
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Questions about Next Big Thing
Who invested in Next Big Thing?
Next Big Thing has 8 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Next Big Thing raised?
Next Big Thing has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Next Big Thing last raise money?
Next Big Thing's most recent round on record is a Series B, in Jul 2021.
What does Next Big Thing do?
Next Big Thing AG is engaged in creating advanced technological solutions.
Where is Next Big Thing headquartered?
Next Big Thing is headquartered in Berlin, Germany.
Which VCs invest in companies like Next Big Thing?
Among active investors with capital left to deploy, Index Ventures, Forbion, European Investment Bank and Generation Investment Management back business support services companies at Next Big Thing's stage. Their profiles are linked below.
VCs backing business support services startups at Series B
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