# Nextance

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/nextance

- Industry: Software
- Headquarters: Austin, US
- Website: www.nextance.com
- Total disclosed funding: $16M
- Latest round: Series E (Apr 6, 2006)
- Investors on record: 4

## About

Nextance Inc. provides innovative enterprise software solutions that enhance business process management through contract lifecycle management, digital invoice processing, and data analytics, empowering organizations to improve operational efficiency.Nextance Inc., founded in 2000 in Austin, US, specializes in enterprise software solutions. The company was acquired by Versata Enterprises, Inc. in September 2007 for an undisclosed sum. The firm has executed a total of 6 deals to date, with its latest funding round being a Series E, raising USD 10.00 mn from investors including El Dorado Ventures, Lightspeed Venture Partners, ONSET Ventures, and Palo Alto Venture Partners. The company is currently valued at USD 81.91 mn.Nextance specializes in enterprise software solutions designed to streamline and enhance the management of business processes. Their core offerings include a comprehensive suite of tools that focus on contract lifecycle management, digital invoice processing, and analytics to optimize operational efficiency. These products are geared towards addressing challenges such as contract compliance, financial oversight, and data-driven decision-making within organizations. The primary users of Nextance's services are mid to large-sized enterprises across various sectors including finance, healthcare, and technology, which utilize their products to improve workflow and reduce administrative burdens. The company caters to clients in North America, Europe, and Asia-Pacific regions, leveraging its technology to drive innovation and support businesses in achieving their strategic objectives.Nextance generates revenue through a subscription-based model, providing clients with access to its software suite on a yearly or monthly basis. Clients typically engage in contractual agreements that outline the terms of service and associated costs, which may vary based on the scale of usage and the specific services selected. The revenue structure is designed to support B2B interactions, allowing businesses to integrate Nextance's solutions into their existing operations seamlessly. The company may also offer tiered pricing plans that cater to different levels of service, enabling clients to choose options that best fit their needs. Flagship products are at the forefront of these transactions, ensuring clients have access to the latest features and improvements as they become available.Nextance is focusing on developing new products aimed at enhancing its software capabilities and plans to launch these products by the end of 2024. The company is also targeting expansion into new markets, specifically in the Asia-Pacific region by 2025. Recent funding from the Series E round will be utilized to support these initiatives, facilitating product development and market entry strategies.

## Funding rounds

- Series E, Apr 6, 2006, $10M — El Dorado Ventures, Palo Alto Venture Partners, Lightspeed Venture Partners, ONSET Ventures
- Series D, Nov 8, 2004, $6M — El Dorado Ventures, Palo Alto Venture Partners, Lightspeed Venture Partners, ONSET Ventures

## Investors

- El Dorado Ventures (https://capitalatlas.ai/funds/el-dorado-ventures) — Series D, Series E
- Palo Alto Venture Partners (https://capitalatlas.ai/funds/palo-alto-venture-partners) — Series D, Series E
- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Series D, Series E
- ONSET Ventures (https://capitalatlas.ai/funds/onset-ventures) — Series D, Series E