NEXT Amsterdam invests in Med Angel

Berlin-based Med Angel offers a smart temperature sensor, combined with a companion app to always keep your medicines at the right temperature. Med Angel solves a clear problem for people using temperature sensitive medicine and is already keeping hundreds of people safe.

NEXT has had an advisory role for the last two years and the investment is a logical next step. Med Angel will participe in the NEXT program for at least the coming year, where NEXT specialists will help Med Angel hands-on to find the perfect working and scalable business model.

The investment is made with NEXT’s new convertible revenue share. A convertible loan that converts into a revenue share if the maturity date is reached. When that happens, a percentage of the yearly revenue is given to NEXT up until the moment 5 times the investment has been paid out. After that there are no longer any obligations. We believe this is the perfect tool for startups that focus on revenue, but want to keep their options open to attract bigger investors as well.