# nxtControl

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

- Industry: Software
- Headquarters: Sankt Polten, Austria
- Website: www.nxtcontrol.com
- Total disclosed funding: $3M
- Latest round: Series B (Dec 12, 2014)
- Investors on record: 3

## About

nxtControl GmbH is an automation software company that develops solutions to enhance the efficiency of distributed control systems in various industrial applications.Founded in 2007 and headquartered in Sankt Polten, Austria, nxtControl GmbH focuses on automation software engineering. The company has engaged in three deals, with its most recent funding round being a SERIES A in June 2017, led by Tecnet Equity, raising EUR 2.00 mn. Arnold Kopitar is the CEO, who has a history of leadership in the technology sector, although further details about prior ventures are not provided.nxtControl GmbH specializes in automation software and engineering tools aimed at optimizing the efficiency of distributed control systems. Their products are centered around the IEC 61499 control concept, addressing automation challenges in SmartGrids, Industry 4.0, and the Internet of Things (IoT). Their software integrates various tasks including control engineering, HMI/SCADA visualization, and process integration, catering to industries such as building automation and process automation across European markets, particularly in Germany, Austria, and Switzerland.In 2023, nxtControl GmbH reported revenues of EUR 3,422,265 and an EBITDA of EUR 541,075. The revenue is primarily derived from direct sales of their automation software solutions to industrial clients, leveraging a B2B structure. Their licensing model includes various subscription plans for software updates and support services, further enhanced by partnerships with system integrators and technology providers.Looking ahead, nxtControl GmbH aims to expand its product line and enhance its market reach. Plans include the launch of new software solutions designed to address emerging automation needs and expanding into additional European markets by 2025. The recent funding of EUR 2.00 mn from the SERIES A round will support these initiatives, facilitating product development and market expansion. In June 2017, the company was acquired by Schneider Electric, which may influence future growth strategies.

## Funding rounds

- Series B, Dec 12, 2014 — Tecnet Equity, eQventure
- Series A, Oct 16, 2009, $3M — Tecnet Equity, HBA Beteiligungs GmbH

## Investors

- Tecnet Equity (https://capitalatlas.ai/funds/tecnet-equity) — Series A, Series B
- HBA Beteiligungs GmbH — Series A
- eQventure (https://capitalatlas.ai/funds/eqventure) — Series B