# Next Big Thing

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/next-big-thing

- Industry: Business Support Services
- Headquarters: Berlin, Germany
- Website: www.nextbigthing.ag
- Total disclosed funding: $36M
- Latest round: Series B (Jul 26, 2021)
- Investors on record: 8

## About

Next Big Thing AG, based in Berlin, Germany, is focused on developing innovative solutions in the fields of Internet of Things (IoT), Industrial IoT (IIoT), edge computing, and artificial intelligence (AI).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. The founders, Harald Zapp, Maik Käbisch, and Michael Bommer, lead the firm, which raised EUR 19.000 mn in its SERIES B funding round on July 26, 2021. Investors included Blue Lion Capital, LLC, Gemelo do Brasil S/A., Mujinzo Labs, and Roell Partners, alongside returning backers EOS VC and GPS Ventures. The total amount raised by the company stands at EUR 19.000 mn.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. Their solutions are tailored to meet the requirements of various end users, including manufacturers, smart cities, and energy providers, ensuring competitiveness in a rapidly evolving technological landscape.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. Key products centered on IIoT and edge computing technologies are vital in establishing strong collaborations with industries aiming to enhance their digital infrastructure.In July 2021, Next Big Thing AG secured EUR 19.000 mn in SERIES B funding, which will be utilized to support deep-tech startups and strengthen its existing portfolio. 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.

## Funding rounds

- Series B, Jul 26, 2021, $22M — roellpartners, GPS Ventures, Blue Lion Capital, LLC, Gemelo do Brasil S/A., EOS VC, Mujinzo Labs
- Series A, Apr 9, 2019, $14M — Hannover Digital Investments GmbH, Block.one

## Investors

- Hannover Digital Investments GmbH — Series A
- Block.one (https://capitalatlas.ai/funds/block-one) — Series A
- roellpartners — Series B
- GPS Ventures (https://capitalatlas.ai/funds/gps-ventures) — Series B
- Blue Lion Capital, LLC — Series B
- Gemelo do Brasil S/A. — Series B
- EOS VC — Series B
- Mujinzo Labs — Series B