Nextmarkets raises $30M in Series B financing led by Cryptology Asset Group
Cologne, Germany based online brokerage startup Nextmarkets AG has announced that it has raised $30 million in a Series B financing round.
The additional capital is intended to further accelerate the European expansion of Nextmarkets, and to establish the company as what it calls the leading “neobroker” in Europe. In addition to Germany and Austria, six further countries – the United Kingdom, Portugal, the Netherlands, France, Spain and Italy – were launched at the end of 2020. The financing round closes out an impressive 2020 financial year for Nextmarkets, in which the company was able to multiply all KPIs such as the number of executed transactions, customer deposits, as well as the number of customers.
Nextmarkets was founded in 2014 by brothers Manuel and Dominic Heyden. Manuel founded social trading focused broker Ayondo, and ran it as CEO until leaving in 2013. Dominic acted as CIO of Ayondo. Nextmarkets saw relatively slow growth until 2020, when the explosion of retail trading, and a move to more mobile-app focused, commission-free brokers took hold across the US and Europe.
“We are very pleased about the great interest and trust of both new and existing investors. The growth potential is huge, and we are only at the beginning of a whole new era in which the stock market becomes fully democratized. With our unique coaching approach, we ensure that private investors not only trade fully commission-free, but above all become significantly more successful.”, says CEO and co-founder Manuel Heyden.
His brother Dominic Heyden, co-founder and CTO continues,
“We are particularly proud of the fact that with fewer than 40 employees, we have in record time built an online broker active in eight European markets, built top-to-bottom on our own technology and with a comprehensive regulatory framework.”
Lead investor Christian Angermayer, who has invested via his stock-market-listed Cryptology Asset Group, added:
“We are just at the very beginning of a new retail boom on stock markets. However, the crisis of confidence towards other neobrokers, in connection with the Gamestop phenomenon, has shown how important it is to choose the right partner. Nextmarkets is 100% transparent, stands completely on its own two feet including its own banking license, and offers true zero-commission trading in stocks, with no hidden fees and a very broad investment offering. Investors can also trade Bitcoin easily and conveniently with nextmarkets, of course.”
Nextmarkets said that it will invest the capital primarily into further development of the platform, and further customer growth.
“Our product pipeline is full of innovations and we can’t wait to make them available to our customers,” says Manuel Heyden, describing the growth phase that now lies ahead.
In addition to retail traders, the platform also hosts professional investors, so-called “coaches”, who generate up to 300 curated investment ideas for users every month – free of charge and in real time. Nextmarkets, with offices in Cologne, Lisbon and Malta, currently employs a team of 39 and is backed by leading venture capitalists such as Peter Thiel, Christian Angermayer, Founders Fund, Axel Springer, Falk Strascheg, DEWB and the publicly listed FinLab AG.