NextBITT received a €5 million investment from a fund managed by Explorer Investments. The capital reinforcement aims to give strength to the European internationalization of the Portuguese software company, “through the creation and establishment of new offices”. The company does not disclose which markets it is targeting.
“With this investment we will be able to accelerate our international presence and reinforce the services of energy management systems and environmental management systems of the NextBITT platform, by expanding the team and increase the focus on Research & Development. NextBITT is committed to sustainability, with the purpose of being considered as an international reference in the next five years,” says Miguel Salgueiro, founder & partner of NextBITT, quoted in a release.
The company, founded in 2015, also plans to “strengthen its research and development capacity and reinforce its team, nationally and internationally.”
“We have clear objectives for our investments, in projects with high growth potential, resilience and solidity of its business, but that are also designed for the challenges of the future,” says António Rocha Silva.
“The focus on creating a platform of excellence, already in use with several clients of recognized demand, combined with a vision based on sustainability, a principle we also share, and sustained by a strong investment in research & development, are the basis for a decision that we hope will allow NextBITT to rise to the next level of growth and translate into a high return investment for our investors,” explains the partner of Explorer Investments’ Growth Capital division.