Explorer Investments invests 5 million euros in Nextbitt

The building management systems company is going to internationalize its operations in Europe by opening offices in new countries and investing in its sustainability strategy. "We hope [the contract] will allow Nextbitt to grow to the next level," says investor António Rocha Silva.

The Portuguese company Nextbitt, which operates in the business of technological systems for managing and optimizing physical assets, announced this Friday that it has signed a 5 million euro contract with a fund managed by Explorer Investments to internationalize its operations in Europe and invest in its sustainability strategy.

A commitment to internationalization

Initially, the capital will be used to open new offices in European countries, invest in research and development (R&D) and hire new people to increase the team, which currently has more than 40 people. The aim is, with these talents, "to strengthen the Energy Management Systems and Environmental Management Systems services of the Nextbitt platform", according to co-founding partner Miguel Salgueiro.

Miguel Salgueiro and the other founding partners - André Calixto and Pedro Morais - remain with the company, with management autonomy. António Rocha Silva, partner in the Growth Capital area at Explorer Investments, explains why: "We have clear objectives for our investments: in projects with high growth potential, resilience and solidity of their business, but which are also designed for the challenges of the future."

"The commitment to creating a platform of excellence, already in use by several clients of recognized demand, together with a vision based on sustainability (a principle we also share) and sustained by a strong investment in R&D, are at the basis of a decision that we hope will allow Nextbitt to rise to the next level of growth and translate into a highly profitable investment for our investors," argues the spokesperson for the private equity fund management company.

The legal advice for this operation was provided by the law firm J+Legal, through a team coordinated by partner Jorge Brito Pereira. The firm has been developing an autonomous project - J+Next - to support the growth of Portuguese startups and technology companies, which will be formally launched after the summer. "Being involved in advising on these contracts, which represent investments in cutting-edge technologies, also means being challenged to be involved in the law of the future," says lawyer Jorge Brito Pereira.

Nextbitt was founded seven years ago and sells building or infrastructure management systems, ranging from a company's car fleet, the solar panels on its roof or the breakfast it will serve at meeting tables.

Source: Jornal Económico

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