About Iot.nxt
Iot.nxt is a company based in Johannesburg (South Africa) founded in 2015 was acquired by Vodacom in May 2019.. Iot.nxt has raised $7.71 million across 1 funding round from investors including Vodacom and Talent10 Technology Partners. Iot.nxt operates in a competitive market with competitors including Celeno, Memfault, Xyte, Hara and Kii, among others.
- Headquarter Johannesburg, South Africa
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Sectors
Technology
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Email
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Phone
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Website
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Social
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Funding Insights of Iot.nxt
Iot.nxt has successfully raised a total of $7.71M through 1 strategic funding round. The most recent funding activity was a Series B round of $7.71 million completed in February 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series B — $7.7M
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First Round
First Round
(17 Feb 2017)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Feb, 2017 | Amount | Series B - Iot.nxt | Valuation | Talent10 Technology Partners |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Iot.nxt
Iot.nxt has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Vodacom and Talent10 Technology Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Mobile telecommunication services are provided by Vodacom in South Africa.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Iot.nxt
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Iot.nxt
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Iot.Nxt Comparisons
Competitors of Iot.nxt
Iot.nxt operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Celeno, Memfault, Xyte, Hara and Kii, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provides high performance WiFi chips and software
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| domain | founded_year | HQ Location |
Embedded software patch management is delivered for consumer electronics devices.
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| domain | founded_year | HQ Location |
Cloud-based servitization platform is provided for OEM connected devices.
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| domain | founded_year | HQ Location |
Energy and sustainability management is facilitated via a cloud-based platform.
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| domain | founded_year | HQ Location |
Mobile Backend-as-a-Service and IoT cloud platform are offered by Kii.
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| domain | founded_year | HQ Location |
Cloud-based platforms and devices for IoT remote applications are developed.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Iot.Nxt
Frequently Asked Questions about Iot.nxt
When was Iot.nxt founded?
Iot.nxt was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Where is Iot.nxt located?
Iot.nxt is headquartered in Johannesburg, South Africa. It is registered at Johannesburg, Gauteng, South Africa.
Is Iot.nxt a funded company?
Iot.nxt is a funded company, having raised a total of $7.71M across 1 funding round to date. The company's 1st funding round was a Series B of $7.71M, raised on Feb 17, 2017.
What does Iot.nxt do?
The company was founded in 2015 in Johannesburg, South Africa, focusing on the IoT sector. An open-framework platform is offered for development and cross-industry solution integration. Interoperability is supported alongside technology-agnostic features to utilize existing legacy systems. API-driven methods are employed for quick integration and deployment. Status as a silver Microsoft partner is held, and recognition as a Gartner Aspiring Innovator was received in 2016.
Who are the top competitors of Iot.nxt?
Iot.nxt's top competitors include Memfault, Hara and Arch Systems.
Who are Iot.nxt's investors?
Iot.nxt has 2 investors. Key investors include Vodacom, and Talent10 Technology Partners.
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