Next Gate Tech, a Luxembourger cloud-based financial technology platform, has raised 8 million euros ($8.8 million) in funding.
The latest round was spearheaded by DB1 Ventures with additional backing from existing investors like NewAlpha Asset Management.
Furthermore, the current financing round also had additional support from Volta Ventures, Expon Capital and Seed X.
Next Gate Tech is planning to use the fresh proceeds to speed up the development of its solutions.