# Next Technologies & Xvantages

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/next-technologies-xvantages

- Industry: Business Support Services
- Headquarters: Shanghai, China
- Website: www.ntx.global/
- Total disclosed funding: $200M
- Latest round: Series C (Aug 1, 2022)
- Investors on record: 2

## About

Next Technologies & Xvantages, based in Shanghai, China, specializes in advanced textile solutions that emphasize sustainability and performance across various industries.Next Technologies & Xvantages is a textile technology company founded in 2000, located in Shanghai, China. The company focuses on developing innovative textile solutions, differentiating itself with patented technologies. It most recently raised USD 200 mn in Series C funding on August 1, 2022, led by Centurium Capital, which reflects its strategic aims to enhance operational capabilities and expand its customer base.NTX specializes in innovative textile solutions that prioritize both performance and sustainability. Their core offerings include patented technologies such as NTX® Cooltrans®, designed for temperature regulation; NTX® Light Change, which utilizes light-responsive materials; and NTX® e-Nanofiber, focused on creating advanced electrospun textiles. These products effectively address the growing demand for sustainable and multifunctional textiles in various end-use applications, including apparel, industrial fabrics, and technical textiles. NTX serves a diverse client base, including apparel manufacturers and fashion brands, primarily in major markets such as North America, Europe, and Asia-Pacific. Their commitment to continuous research and development ensures that they remain at the forefront of textile innovation, aimed at meeting evolving consumer needs and promoting ecological sustainability.NTX generates revenue through a structured B2B model, engaging in partnerships with manufacturers and brands that utilize their advanced textile technologies. The company’s transactions typically involve direct sales to clients seeking innovative textile solutions for their product lines, often paired with ongoing support for integration and application of these technologies. Revenue streams are bolstered by flagship products such as NTX® Cooltrans® and NTX® Light Change, which cater to the growing demand for performance-oriented textiles. Specific pricing plans are determined based on the scale of the partnership and the customization required by the clients, reflecting the unique nature of each product’s application in the marketplace.In August 2022, Next Technologies & Xvantages raised USD 200 mn in Series C funding led by new investor Centurium Capital with participation from NRL Capital. The company plans to utilize this funding to expand its customer base and address operational needs. Future initiatives include the development of new products designed to enhance the textile performance and sustainability attributes, with potential launches targeted for 2023. Additionally, NTX is focused on expanding its presence in global markets, particularly in Europe and Asia-Pacific, to further enhance its market reach.

## Funding rounds

- Series C, Aug 1, 2022, $200M — Centurium Cap, NRL Capital

## Investors

- Centurium Cap — Series C
- NRL Capital (https://capitalatlas.ai/funds/nrl-capital) — Series C