About NextGem
NextGem is a company based in Minneapolis (United States) founded in 2021 by James Don Francesco.. NextGem has raised $1.8 million across 1 funding round from investors including Gopher Angels, Ryan McKillen and SK Ventures. NextGem operates in a competitive market with competitors including Drip Shop and Fanzone, among others.
- Headquarter Minneapolis, United States
- Founders James Don Francesco
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Sectors
Media & Entertainment
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.8 M (USD)
in 1 rounds
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Latest Funding Round
$1.8 M (USD), Seed
Feb 01, 2022
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Investors
Gopher Angels
& 2 more
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Employee Count
Employee Count
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Funding Insights of NextGem
NextGem has successfully raised a total of $1.8M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.8 million completed in February 2022. 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 Seed — $1.8M
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First Round
First Round
(01 Feb 2022)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2022 | Amount | Seed - NextGem | Valuation | Gopher Angels , SK Ventures |
| 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 NextGem
NextGem has secured backing from 3 investors, including venture fund and angel investors. Prominent investors backing the company include Gopher Angels, Ryan McKillen and SK Ventures. 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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Angel investment network is focused on Midwest startup growth.
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Founded Year | Domain | Location | |
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Seed-stage US companies are invested in by SK Ventures.
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Founded Year | Domain | Location | |
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RM
Ryan McKillen |
Angel investor in Indian startups, co-founder of Meridian Capital, tech-focused
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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 NextGem
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
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 - NextGem
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| 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 |
Nextgem Comparisons
Competitors of NextGem
NextGem 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 Drip Shop and Fanzone, 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 |
Mobile app-based social platform for trade card enthusiasts is operated.
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| domain | founded_year | HQ Location |
NFT-based social platform for trading digital cards
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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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Frequently Asked Questions about NextGem
When was NextGem founded?
NextGem was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is NextGem located?
NextGem is headquartered in Minneapolis, United States. It is registered at Minneapolis, Minnesota, United States.
Is NextGem a funded company?
NextGem is a funded company, having raised a total of $1.8M across 1 funding round to date. The company's 1st funding round was a Seed of $1.8M, raised on Feb 01, 2022.
What does NextGem do?
NextGem was founded in 2021 in Minneapolis, United States, as an online social platform focused on trade card enthusiasts. Cards are digitized by users, rare items are located through search features, and interactions occur among community members via forums and sharing tools. Operations center on digital collection management and social networking within the collectibles sector, with services accessible globally through nextgem.com.
Who are NextGem's investors?
NextGem has 3 investors. Key investors include Gopher Angels, Ryan McKillen, and SK Ventures.