Nextmarkets announced $30 million in Series B funding round led by Alan Howard and Cryptology Asset Group

nextmarkets, a Cologne, Germany-based operator of an online financial brokerage business, announced that it receives $30 million in a Series B financing round.

The money was raised from investors led by existing investors Alan Howard and Christian Angermayer with his Cryptology Asset Group. German investors such as DEWB are also among the investors.

The additional capital is intended to further accelerate the European expansion to be deployed for further development of the platform.

nextmarkets, founded in 2014 by CEO Manuel Heyden and his brother Dominic Heyden, is a commission-free neobroker. The company developed a  technology platform, and obtained licenses and regulatory approval in order to provide commission-free trading of shares and ETFs for €0 via the stock exchange. The company is active in Germany and Austria,the United Kingdom, Portugal, the Netherlands, France, Spain and Italy.