German Blockchain Company Builder NBT secures $ 13.5 million in new financing round

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Next Big Thing AG (NBT), a German Internet-of-Things (IoT) and blockchain company builder, has secured 12 million euros ($ 13.5 million) in a new financing round, according to a press release of 8 April.

NBT has announced that the company has successfully completed its series A investment round led by global industrial insurance giant HDI Global SE by Hannover Digital Invest, with the participation of the FinLab EOS VC Fund, a joint venture of $ 100 million by Fintech incubator FinLab AG and blockchain software developer

According to the press release, HDI Global decided to invest in NBT to support the combination of IoT and blockchain technologies with an emphasis on machine load.

Thomas Kuhnt, a member of the board of directors of HDI Global SE, stated that HDI not only invests, but will also actively participate in the development of new projects to expand its own knowledge and solutions.

Next Big Thing AG, founded in 2016, is an IoT hub that bundles digital expertise in 12 national hubs. NBT is a member of the Digital Hub Initiative, a group of 12 national digital expertise centers set up by the German Ministry of Economic Affairs and Energy.

The Swiss blockchain-based insurance transaction platform B3i recently added three new insurers and reinsurers to its group of investors in a new financing round. Earlier, Cointelegraph had reported that B3i raised its capital by $ 16 million in February, after maximizing its capital to $ 22.6 million.

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Don Bradman

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