What is NxtGen?
Founded in 2012 and headquartered in Singapore, NxtGen specializes in IT transformation, IT continuity services, and IT infrastructure services. The company has established itself as a key player by offering comprehensive solutions designed to optimize and secure enterprise IT environments. Its focus on critical IT functions positions it as a vital partner for businesses undergoing digital evolution.
How much funding has NxtGen raised?
NxtGen has raised a total of $22.3M across 2 funding rounds:
Series A
$8.8M
Series B
$13.5M
Series A (2013): $8.8M with participation from Intel Capital
Series B (2015): $13.5M led by Intel Capital, Axon Partners Group, and International Finance Corporation
Key Investors in NxtGen
Intel Capital
Intel Capital, a division of Intel, invests in innovative startups targeting artificial intelligence, autonomous vehicles, datacenter, Cloud, 5G, and next-generation compute. They are headquartered in Santa Clara, California.
Axon Partners Group
Axon Partners Group specializes in investment management and consulting, focusing on technology and innovation. They partner with visionary leaders to create value and drive innovation, emphasizing collaboration to unlock opportunities in the tech space.
International Finance Corporation
International Finance Corporation is a multilateral financial institution dedicated to mobilizing capital and expertise for sustainable development across emerging markets. They provide financial solutions that combine investment capital, strategic advisory services, and asset management capabilities.
What's next for NxtGen?
The substantial enterprise-level capital NxtGen has garnered, particularly its recent strategic investment, signals a phase of accelerated growth and market expansion. This backing is expected to fuel further development of its service offerings, enhance its technological capabilities, and potentially broaden its geographical reach. The company is poised to leverage this financial strength to solidify its market position and pursue new opportunities in IT service management.
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