Next Matter receives $16 million

The platform offers a business management system. The money comes from a whole range of well-known business angels, among others.

Next Matter has raised $16 million in its Series A funding round. Omers Ventures led 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. Behind it is a cloud platform for operational business. Hugenroth, who himself worked for ten years at the consulting firm McKinsey, noticed problems in the various business departments. For example, he said, spreadsheets, e-mail and chat tools are not geared toward operations and are too generic. "Since my time as a consultant, I know that operational excellence can make or break a company. But there is a persistent lack of innovation in operations, forcing companies to put together patchwork solutions that leave much to be desired," Hugenroth says.

That's why Next Matter offers an automated operations management system. Both insurtech Wefox and Trade Republic are customers, according to the startup. With the new funding, the startup plans to expand its team to 75 employees to better serve its growing customer base in the U.S. - where one-third of all Next Matter customers already come from.