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In fact, it is estimated that somewhere in the region of $3 trillion is lost on these operations tasks per year in the US alone, with over 50% of time spent per week per employee on coordination work.
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Similarly, even when companies scaled, they were having to use custom code and their own bespoke tools which are disproportionately expensive to build and maintain. Hugenroth found the companies he was working with were forced to use a patchwork of spreadsheets, email and chat tools to run operations across business departments which were too general purpose and not designed with operations in mind. Next Matter is a solution to problems Hugenroth experienced as an operator and advising operations teams at global consultancy firm McKinsey for over a decade before starting Next Matter. The platform counts stock trading platform Trade Republic, US ecommerce growth solution Spreetail, insurtech giant wefox, and US car marketplace leader among its growing customer base.įounded in Berlin in 2018 by Jan Hugenroth, Next Matter is the first of its kind - a modern purpose-built cloud platform for operations. Given the current economic climate, operational excellence and resilience have become top of mind and Next Matter has seen demand explode for its automated operations management system across a number of different industries.
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It follows 25% growth month-on-month for the Berlin-based startup since the product’s full launch last year with monthly active users growing 344% quarter-on-quarter. The funding round also involved backing from previous investors BlueYard Capital and Crane Venture Partners as well as a number of high-profile angels including Raisin founders Frank Freund and Tamaz Georgadze, HeyJobs founder Marius Luther and Charles Songhurst.
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Berlin, 14 June 2022: Next Matter, the category-defining end-to-end automation platform for operations, has raised $16m in a Series A funding round led by OMERS Ventures to expand its fully remote team from 15 to 75 with a particular focus on the US, where a third of its customers are now based. New funding will enable the team to grow to 75 particularly in the US, to better serve its growing customer base.Next Matter has seen 25% growth month-on-month since its full launch last year.Customers including insuretech giant wefox, European online broker Trade Republic and US ecommerce player Spreetail have seen huge savings in time and money.The purpose-built cloud platform provides a solution for businesses to recoup the $3 trillion which is lost annually on operations tasks in the US alone.Next Matter joins up work done across all business departments to provide an automated operations management system tailored to a business’s unique operations needs.To view the original release in TechCrunch, click here.