About Next Gear Solutions
Next Gear Solutions is a company based in Memphis (United States) founded in 2008 was acquired by CoreLogic in September 2021.. Next Gear Solutions has raised $11.05 million across 1 funding round from investors including Cotality and Serent Capital. The company has 71 employees as of April 06, 2024. Next Gear Solutions has completed 5 acquisitions, including Accurence, ClientRunner and Luxor CRM. Next Gear Solutions offers products and services including DASH CRM, MICA, Mitigate Engage, BI Reporting, and FieldAssist. Next Gear Solutions operates in a competitive market with competitors including Procore, Nemetschek Group, Hover, Viewpoint and Powerplay, among others.
- Headquarter Memphis, United States
- Employees 71 as on 06 Apr, 2024
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Sectors
Real Estate & ConstructionFinancial Services 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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- Legal Name Next Gear India Private Limited
- Date of Incorporation 03 Apr, 2018
- Jurisdiction New Town, West Bengal, India
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Annual Revenue
$2.68 M (USD)-23.92as on Mar 31, 2023
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Net Profit
$338.08 K (USD)161.08as on Mar 31, 2023
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EBITDA
$508.11 K (USD)98.41as on Mar 31, 2023
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Total Equity Funding
$11.05 M (USD)
in 1 rounds
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Latest Funding Round
$11.05 M (USD), Series A
Apr 07, 2016
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Investors
Cotality
& 1 more
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Employee Count
71
as on Apr 06, 2024
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Investments & Acquisitions
Accurence
& 4 more
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Acquired by
CoreLogic
(Sep 15, 2021)
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Products & Services of Next Gear Solutions
Next Gear Solutions offers a comprehensive portfolio of products and services, including DASH CRM, MICA, Mitigate Engage, BI Reporting, and FieldAssist. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Software for managing customer interactions in restoration jobs.
Tools for engaging and mitigating risks in property restoration.
Platform for real-time communications in restoration processes.
Software for generating reports and analytics in restoration management.
Application for on-site inspection and scoping in property work.
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Funding Insights of Next Gear Solutions
Next Gear Solutions has successfully raised a total of $11.05M through 1 strategic funding round. The most recent funding activity was a Series A round of $11.05 million completed in April 2016. 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 A — $11.1M
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First Round
First Round
(07 Apr 2016)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2016 | Amount | Series A - Next Gear Solutions | Valuation | Serent Capital |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
Investors in Next Gear Solutions
Next Gear Solutions has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Cotality and Serent Capital. 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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Founded Year | Domain | Location | |
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Property data and analytics solutions are provided by Cotality.
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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 Next Gear Solutions
Next Gear Solutions has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include Accurence, ClientRunner and Luxor CRM. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Provider of software development and IT consulting services
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2010 | ||||
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Offers CRM tools for job management and client relations in restoration industry.
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2009 | ||||
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Onsite inspections for property insurance claims are automated by Accurence.
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2005 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Next Gear Solutions
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
Next Gear Solutions Comparisons
Competitors of Next Gear Solutions
Next Gear Solutions 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 Procore, Nemetschek Group, Hover, Viewpoint and Powerplay, 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 |
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| domain | founded_year | HQ Location |
SaaS project management software is provided for construction professionals.
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| domain | founded_year | HQ Location |
Provider of management solutions for the construction sector
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| domain | founded_year | HQ Location |
Hover is recognized for providing construction and renovation software solutions.
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| domain | founded_year | HQ Location |
SaaS-based project management solutions are delivered for construction.
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| domain | founded_year | HQ Location |
SaaS software for construction professionals' communication and collaboration is provided.
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| domain | founded_year | HQ Location |
SaaS documentation management solutions for construction are provided.
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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 Next Gear Solutions
Frequently Asked Questions about Next Gear Solutions
When was Next Gear Solutions founded?
Next Gear Solutions was founded in 2008 and raised its 1st funding round 8 years after it was founded.
Where is Next Gear Solutions located?
Next Gear Solutions is headquartered in Memphis, United States. It is registered at Memphis, Tennessee, United States.
Is Next Gear Solutions a funded company?
Next Gear Solutions is a funded company, having raised a total of $11.05M across 1 funding round to date. The company's 1st funding round was a Series A of $11.05M, raised on Apr 07, 2016.
How many employees does Next Gear Solutions have?
As of Apr 06, 2024, the latest employee count at Next Gear Solutions is 71.
What is the annual revenue of Next Gear Solutions?
Annual revenue of Next Gear Solutions is $2.68M as on Mar 31, 2023.
What does Next Gear Solutions do?
Next Gear Solutions was founded in 2008 and is based in Memphis, United States. Web-based software is offered by the company to support job management for restoration firms and contractors. The Restoration Management platform includes workflow and task management, offline access, compliance tracking, design utilities, moisture measurement, job dashboards, contact handling, scheduling calendars, assignment functions, and workflow builders. Operations focus on the restoration sector within the construction industry.
Who are the top competitors of Next Gear Solutions?
Next Gear Solutions's top competitors include Procore, Hover and Nemetschek Group.
What products or services does Next Gear Solutions offer?
Next Gear Solutions offers DASH CRM, MICA, Mitigate Engage, BI Reporting, and FieldAssist.
How many acquisitions has Next Gear Solutions made?
Next Gear Solutions has made 5 acquisitions, including Accurence, ClientRunner, and Luxor CRM.
Who are Next Gear Solutions's investors?
Next Gear Solutions has 2 investors. Key investors include Cotality, and Serent Capital.
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