Next Matter receives 16 million US dollars

The platform offers an operations management system. The money comes from a number of well-known business angels, among others.

Next Matter has raised 16 million US dollars in its Series A financing round. Omers Ventures is leading the round. Existing investors Blueyard Capital and Crane Venture Partners also participated, as well as a number of business angels, including Raisin founders Frank Freund and Tamaz Georgadze, Heyjobs founder Marius Luther and Charles Songhurst.

Jan Hugenroth founded Next Matter in Berlin in 2018. This is a cloud platform for operational business. Hugenroth, who himself worked at the consulting firm McKinsey for ten years, identified problems in the various business departments. Spreadsheets, email and chat tools, for example, are not geared towards operations and are too general. "Since my time as a consultant, I know that operational excellence can make the difference between a company's success and failure. But there is a persistent lack of innovation in operations, forcing companies to put together patchwork solutions that leave a lot to be desired," says Hugenroth.

Next Matter therefore offers an automated operations management system. According to the start-up, both insurtech Wefox and Trade Republic are customers. The start-up intends to use the new funding to expand its team to 75 employees in order to better serve its growing customer base in the USA - where a third of all Next Matter customers already come from.