in

German Blockchain Company Builder NBT Secures $13.5 Million in New Funding Round


Next Big Thing AG, a Berlin-based IoT and blockchain company builder, has completed an investment round led by HDI Global SE.

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 funding round, according to a press release on April 8.

NBT announced that the firm has successfully completed its Series A investment round led by global industrial insurance giant HDI Global SE through Hannover Digital Invest, with participation by the FinLab EOS VC Fund, a $100 million joint venture by fintech incubator FinLab AG and blockchain software developer Block.one.

According to the press release, HDI Global decided to invest in NBT to support the combination of IoT and blockchain technologies with a focus on machine economy.

Thomas Kuhnt, a member of the board of management of HDI Global SE, stated that HDI is not only…



Read Full Story : Cointelegraph.com News

2019-04-09 13:24:00

What do you think?

0 points
Upvote Downvote

Written by Cointelegraph

How China Banning Bitcoin Mining Can Positively Affect BTC Price

Brian Wilson Meets Francis Hunt at Anarchapulco 2019