The Corporate Venture Capital unit of Deutsche Börse Group leads €8 million investment round in Next Gate Tech

Next Gate Tech, a leading provider of innovative technologies for the financial services
industry, announced a €8 million investment in a new funding round led by DB1 Ventures,
the Corporate Venture Capital unit of Deutsche Börse Group, with the continued support of
existing investors; NewAlpha Asset Management, Volta Ventures, Expon Capital, and
SeedX.

This investment will accelerate the development of Next Gate Tech's cutting-edge solutions that help financial institutions streamline their processes, improve efficiency, and reduce costs. Next Gate Tech's data management, insights and analytics technology is used by various fund industry players across the value chain, such as banks, asset managers, and other financial services providers, to optimize their operations, comply with regulatory requirements and enhance their customer experience.

We are excited to have Deutsche Börse, an innovative international exchange organization, as our lead investor, and we are grateful for the continued support of our existing investors. The new funding will enable Next Gate Tech to enhance its products and services further and expand its reach to new markets.” said Davide Martucci, CEO of Next Gate Tech.

“We are impressed by Next Gate Tech's innovative solutions and their proven track record in implementing cutting-edge technology with ease while providing a first-class customer experience. Their offerings are well-aligned with our investment thesis, and we are delighted to have a commercial partnership agreement already in place with our subsidiary Kneip. As a strategic investor, our aim is to foster long-term partnerships, and we see great potential for collaboration between Next Gate Tech and Deutsche Börse subsidiaries such as Kneip,” said Christoph Osburg from DB1 Ventures.

Kneip is the data franchise of Deutsche Börse Group´s Fund Service. The partnership between Kneip and Next Gate Tech enables financial institutions to streamline their fund distribution and regulatory reporting processes.

“This investment by our parent company Deutsche Börse Group cements our partnership with Next Gate Tech. The logic of it is to add more value to our clients on the back of delivering both exceptionally high-quality data and bigger coverage of their value chain. This makes us unique.” said Enrique Sacau, CEO of Kneip, who is joining the Board of Next Gate Tech following the investment of Deutsche Börse Group.