# NextGenTel AS

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

- Industry: Telecoms
- Headquarters: Norway
- Website: www.nextgentel.no
- Total disclosed funding: $6M
- Latest round: Series D (Jan 23, 2002)
- Investors on record: 6

## About

NextGenTel AS is a telecommunications provider based in Norway, specializing in internet and related services, ensuring reliable connectivity for both residential and business customers across the region.NextGenTel AS was founded in 2000 and operates from its headquarters in Norway. The company focuses on offering broadband internet services and has undergone strategic pivots to enhance its offerings. Yalçin Yildiz is the founder, while Nadia Trading, Sondre Aarrestad, and Trond Larsen currently serve as CEOs. NextGenTel has engaged in 4 deals, with its most recent deal being an IPO on December 1, 2003, raising NOK 127.500 mn, which accounts for the total amount raised.NextGenTel primarily offers internet services throughout Norway, focusing on tailored broadband solutions that cater to customer needs. Its core product ensures users receive appropriate internet speeds, avoiding excess charges. The company also offers television, security, and telephony services, accessible via its MinSide app, which allows for seamless subscription and billing management. Their customer base includes both residential users and businesses across various regions in Norway, emphasizing reliable connectivity and transparent pricing without hidden fees.NextGenTel generates revenue primarily through subscription-based services, allowing customers to select from various internet and telecommunication plans. Pricing is structured around straightforward monthly fees for different speed tiers, facilitating a predictable revenue stream. The revenue for the most recent year, 2023, is NOK 43,586,174, with an EBITDA of NOK -1,262,231. The company's pricing strategy aims to provide value while fostering long-term customer relationships.NextGenTel plans to enhance its product offerings and expand its geographical reach. The IPO in December 2003 provided capital that will support the development of new products tailored to customer requirements. Specific details regarding upcoming products and their release dates are not available. The company aims to explore potential expansion into additional regions within Norway, although timelines for this expansion remain unspecified.

## Funding rounds

- Series D, Jan 23, 2002, $6M — Geocapital Partners, Northzone, Trygvesta Norway, DNB Asset Management, Vikerud Venture, Rieber & Søn
- Seed, Apr 1, 2000 — Northzone

## Investors

- Northzone (https://capitalatlas.ai/funds/northzone) — Seed, Series D
- Geocapital Partners (https://capitalatlas.ai/funds/geocapital-partners) — Series D
- Trygvesta Norway — Series D
- DNB Asset Management (https://capitalatlas.ai/funds/dnb-asset-management) — Series D
- Vikerud Venture (https://capitalatlas.ai/funds/vikerud-venture) — Series D
- Rieber & Søn — Series D