Nextbase secures £10 million Series A investment led by Sandton Capital
Summary
A similar growth and share pattern is anticipated in new territories around the world.The investment will be used be used to accelerate the implementation of cutting edge new technologies, including 4G/5G functionality, and the development of leading Automotive and Insurance products and services. The investment will also fund continued expansion in North America and new international territories.Richard Browning, Director of Nextbase, said: Our success in driving and evolving the Dash Cam category over the past five years has given us a very strong, market-leading position on which to build further. Nextbases growth has been attributed to its award-winning, category leading technology, wide range of models to cater for motorists varying needs and innovative sales and marketing strategies. Nextbase also developed the acclaimed National Dash Cam Safety Portal, helping motorists to easily send footage of dangerous drivers to their local UK Police force.Since 2009, Sandton has executed investments totalling over \xa31.2bn across a diverse range of industries in Europe and North America, partnering with incumbent management. Sandton has European offices in London, Luxembourg, Madrid, and Paris and is authorised and regulated by the Financial Conduct Authority (FCA) and the Securities and Exchange Commission (SEC).