About Nexamp
Nexamp is a company based in North Andover (United States) founded in 2007.. Nexamp has raised $1.27 billion across 11 funding rounds from investors including US Bank, Generate Capital and MUFG Campus. Nexamp has completed 1 acquisition, including SolVera Energy. Nexamp offers products and services including Community Solar, Energy Storage, Hosting a Farm, and Power Purchase Agreements. Nexamp operates in a competitive market with competitors including Arcadia, Perch Energy and Ampion, among others.
- Headquarter North Andover, United States
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Sectors
Energy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Nexamp, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.27 B (USD)
in 11 rounds
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Latest Funding Round
$520 M (USD), Series F
Mar 31, 2024
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Investors
US Bank
& 7 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Nexamp
Nexamp offers a comprehensive portfolio of products and services, including Community Solar, Energy Storage, Hosting a Farm, and Power Purchase Agreements. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enables access to solar energy for cost savings without installations
Provides storage systems to boost business energy efficiency
Allows land owners to host solar farms for revenue generation
Offers agreements for sustainable energy at scale
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Software Development Team
34 people
Sales and Marketing
29 people
Leadership Team
18 people
Senior Team
17 people
Finance and Accounting
16 people
Product Management Team
9 people
Operations Team
8 people
Legal and Compliance
5 people
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Funding Insights of Nexamp
Nexamp has successfully raised a total of $1.27B across 11 strategic funding rounds. The most recent funding activity was a Series F round of $520 million completed in March 2024. 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 11
- Last Round Series F — $520.0M
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First Round
First Round
(15 Jan 2010)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2024 | Amount | Series F - Nexamp | Valuation | Manulife Investment Management | |
| Jun, 2023 | Amount | Series E - Nexamp | Valuation | US Bank |
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| Jun, 2023 | Amount | Debt – Conventional - Nexamp | Valuation |
investors |
| 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 Nexamp
Nexamp has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include US Bank, Generate Capital and MUFG Campus. 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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Manulife Wealth and Asset Management is engaged in providing investment and retirement solutions globally.
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Founded Year | Domain | Location | |
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Renewable energy infrastructure investments are managed by Generate Capital.
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Founded Year | Domain | Location | |
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Commercial real estate is acquired and developed by RCG Ventures.
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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 Nexamp
Nexamp has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include SolVera Energy. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Developer of solar and wind energy projects
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2010 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Nexamp
| 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 |
Nexamp Comparisons
Competitors of Nexamp
Nexamp 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 Arcadia, Perch Energy and Ampion, 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 |
Arcadia is focused on providing clean energy solutions through data platforms.
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| domain | founded_year | HQ Location |
Energy monitoring solutions are provided for residential applications.
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| domain | founded_year | HQ Location |
Customer acquisition and management for community solar farms are facilitated.
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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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Latest news on Nexamp
Frequently Asked Questions about Nexamp
When was Nexamp founded?
Nexamp was founded in 2007 and raised its 1st funding round 3 years after it was founded.
Where is Nexamp located?
Nexamp is headquartered in North Andover, United States. It is registered at North Andover, Massachusetts, United States.
Who is the current CEO of Nexamp?
Zaid Ashai is the current CEO of Nexamp.
Is Nexamp a funded company?
Nexamp is a funded company, having raised a total of $1.27B across 11 funding rounds to date. The company's 1st funding round was a Series E of $400M, raised on Jan 15, 2010.
What does Nexamp do?
Nexamp was founded in 2007 and is headquartered in North Andover, United States. Operations focus on the clean energy sector, where solar projects are developed for businesses, governments, and homeowners to lower energy costs and emissions. Services encompass energy efficiency measures and management systems. In March 2011, Solver Energy was acquired by the company for an undisclosed amount.
Who are the top competitors of Nexamp?
Nexamp's top competitors include Arcadia, Perch Energy and Ampion.
What products or services does Nexamp offer?
Nexamp offers Community Solar, Energy Storage, Hosting a Farm, and Power Purchase Agreements.
How many acquisitions has Nexamp made?
Nexamp has made 1 acquisition, including SolVera Energy.
Who are Nexamp's investors?
Nexamp has 8 investors. Key investors include US Bank, Generate Capital, MUFG Campus, Manulife Wealth and Asset Management, and DGC.
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