- A company founded by Jeff Schumacher
- The company's valuation has exceeded 300 million US dollars
Manhattan Beach, California--(BUSINESS WIRE)--New Asset Exchange (NAX) is a company that provides liquidity of corporate assets. It was officially established today after two and a half years of brewing. It established a new model for the launch of products, venture capital and securities backed by corporate assets. NAX was founded by serial entrepreneur Jeff Schumacher.
NAX integrates software and methods to identify, construct, launch and measure asset-backed products, venture capital and securitized assets for institutional transactions. NAX has so far received US$65 million in investment from 12 institutional investors, family office investors and corporate investors in North America, Europe and Asia, with a company valuation of more than US$300 million. It had a global team located in North America and Europe when it was founded.
NAX has developed software for digital, micro and platform services; in addition, the cloud commerce it has developed can be used for rapid market testing of fully compliant products, tradable securities and markets. In line with its ambitious growth plan, the company will announce a series of milestones in the coming months.
NAX has been cooperating with global leading companies in multiple industries such as energy, healthcare, and consumer products to launch products backed by corporate assets, and is supported by operating partners from global leaders in trade, banking, and underwriting to provide the necessary foundation facility.
Jeff Schumacher, CEO and founder of NAX, previously created and expanded BCG Digital Ventures. Thanks to his efforts, the company became one of the largest incubators in the world, helping to create more than 100 companies and grow to more than 1,000 employees in less than six years. He also founded Axon Advisory Partners, sold it to Booz & Co., and founded Booz Digital, which was later acquired by PricewaterhouseCoopers. Schumacher was a partner of McKinsey and executive vice president, chief marketing officer and chief strategy officer of Sports Authority, a company of Leonard Green Partners.
NAX CEO and founder Jeff Schumacher said: " Our partnership with the world's leading exchanges and financial institutions, which have accumulated years of experience and learning aid. NAX , we brought together all areas of financial innovation, there is no market for the original Create value. "
Since its establishment, NAX has attracted many high-level business people to join the board of directors. These business people include Frank Strauß, the former global CEO of Deutsche Bank's private and commercial banking business, and the CEO of the family office of Leisten & Cie. Heiner Leisten, a former senior partner of the Boston Consulting Group (BCG).
NAX independent director Frank Strauß , said: " In today's world, financial innovation is to create the cornerstone of business success. Jeff for NAX vision that attracted me to support NAX the financial innovation used in corporate assets, and ultimately use these assets to create tremendous value. "
Francisco Arcilla , partner of TNF Investments , NAX’s latest round of NAX financing, said: “ As an international investment company that prides itself on promoting innovation and industry disruption, we were immediately caught up by NAX and its disruptive approach to asset creation and value creation. attract. we are very pleased to be the lead investor for NAX latest round of financing, we are also on the NAX prospects of many businesses and will create further investment opportunities passionate about. "
NAX operates its North American business from its headquarters in Manhattan Beach, California, and its organization in Paris, France, operates its European business. It also has branches in Palo Alto, New York, London and Frankfurt. In 2021, NAX will expand to Singapore, Tokyo and Sydney.
About NAX
NAX is a platform for the world's leading institutions to create asset-backed products, venture capital and securities. Together with our partners, we lead the commercialization of these initiatives.