Nextmarkets, a neo-broker based in Cologne, Germany, has secured a new round of funding from Apeiron Investment Group. The investment will help the company expand organically and acquire other businesses.
A few weeks ago, the two major shareholders of Nextmarkets, FinLab (with a 34.36% stake) and Samara Asset Group (holding 37.68%), revealed their intention to liquidate the company, as reported by FNG at the end of March. Now, the firm has officially declared that it will be closing its operations.
Christian Angermayer’s private investment firm, Apeiron Investment Group, was formerly involved with Nextmarkets through its Cryptology Asset Group. Apeiron has additionally put money into NAGA Group, a social trading-centered online stockbroker based in Germany.
The particular amount of the investment was not revealed by the two parties, but insiders in Germany informed FNG that it is somewhere in the ballpark of €10 million.
Nextmarkets Founder and CEO, Manuel Heyden, said:
We have a strong foundation with our own proprietary technology and an extensive set of regulatory licenses, including the securities trading bank and portfolio management licence. I am delighted that Apeiron Investment Group shares our belief that the global retail trading sector offers enormous growth potential. With the introduction of new capital, we plan to grow our existing offering organically, with a strong focus on international expansion. We also intend to make acquisitions when and where we see strategic fit.
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