Next Big, the digital business card startup founded by ex-Google CEO Eric Schmidt, has been awarded $200 million in venture capital funding.
Next Big is a company that’s building a new technology that will allow companies to connect with people around the world, and build a global network.
The goal is to bring “the world’s biggest companies, the people who run them, and the people in their communities together in a shared community.”
The money will be used to build Next Big into a company with “a real vision of how the world will be connected, how we can all work together to make it better.”
That vision is not limited to Next Big itself.
Schmidt has been a strong proponent of “a new model for digital commerce” that will connect “the people who are buying from them, the customers who are using them, to the people buying from companies around the globe.”
As of today, Schmidt is also working with Andreessen Horowitz and Andreessen Capital to help fund Next Big.
He previously cofounded the tech startup DASH, which has become one of the most valuable companies in the world.
In the past year, Schmidt helped launch a series of other digital businesses including a digital platform for music, a mobile app for movies, a social media platform for brands and more.
Now he’s launching a new venture, Next Big Technologies.
Its mission statement reads: “As we make digital commerce the most powerful and accessible business model in the history of humanity, we are working with leading technology companies to create a shared digital network for all of us to share the benefits of the digital economy.”
Next Big has raised $20 million from a mix of investors including Andreessen, New Enterprise Associates, Sequoia Capital, Union Square Ventures and others.
It has received $1.5 million from The Gates Foundation, $500,000 from the Ford Foundation, and $250,000 each from the New York and San Francisco Bay Area governments.
“We’ve had a really exciting start,” Schmidt said of the funding.
“I think there are some very interesting things to be done with Next Big.”
The venture is building Next Big on the basis of “an innovative business model that we’ve called the Internet of Things.”
It’s a model where companies can build connected devices that can be used in a variety of ways, including as payment systems, communication platforms, and sensors.
That includes sensors that can collect data like temperature, pressure, humidity, and light.
The company says it can use this data to “reproduce” data, so a company can build a weather forecast, and then use the information to sell that weather forecast on a “smart” card.
Schmidt said the company will have more to share at a later date.
He also said that the startup is already looking to partners to build on Next Big’s platform, which is the “next generation of digital commerce.”
“There’s no single technology that can match Next Big,” Schmidt told Next Big Tech at the time.
“In fact, Next Business is a technology that is already being used in more than 100 countries.”
He added that Next Big hopes to build a network of like-minded companies to help make this “a world of connected, connected, and connected.”