About Nexant
Nexant is a Business Services company based in San Francisco (United States) founded in 2000, and was acquired by Resource Innovations in May 2021. Offering solutions for demand response for distribution and transmission. It operates in the Business Services, Energy & Utilities, and Technology sectors. Nexant has raised $65 million across 2 funding rounds from investors including Morgan Stanley, Resource Innovations and TeleSoft Partners. The company has 29 employees. Nexant has completed 1 acquisition, including Excelergy. Its chief executive, as recorded, is John Gustafson. Its Indian entity Nexant India Private Limited reported revenue of ₹3.31 Cr. The company was acqui-hired. Its focus areas include Real Estate and Construction Tech, Facility Management Tech, Building Management and Building Energy Management. Its competitors include Enel X, Particle and Span.IO; 3 of its 3 listed competitors have raised funding.
Company details
Nexant provides intelligent grid software and clean energy solutions for businesses and organizations. It offers Nexant iEnergy, a cloud-based business process management software platform for utilities to rollout and manage a portfolio of energy efficiency, renewable energy, and demand side management (DSM) programs; Nexant Grid360, a network modeling and simulation platform that enables power system engineers to build, monitor, analyze, and perform what if scenarios. It analyzes the demand response from Distribution and Transmission and serve them to Utility.
- Headquarters San Francisco, United States
- Employees 29
- Stage Acquired
- SectorsBusiness ServicesEnergy & Utilities Technology
- Email••••••••
- Phone•••• ••••
- Website nexant.com
- Social LinkedIn X Facebook
- Acquired by Resource Innovations (May 2021)
- Legal Name Nexant India Private Limited
- Date of Incorporation 11 Apr, 2018
- Jurisdiction Pune, Maharashtra, India
- Indian entity revenue₹3.31 Cr
FY 2020 · -4% YoY
- Indian entity net loss-₹1.00 Cr
FY 2020 · -30% margin
- Indian entity EBITDA₹47.1 Lakh
FY 2020 · 14% margin
- Total Equity Funding$65M (USD)
in 2 rounds
- Latest Funding Round$50M (USD), Series B
Jul 2010
- InvestorsMorgan Stanley
& 6 more
- Employee Count29
- Investments & Acquisitions
- Acquired byResource Innovations
(May 2021)
Associated legal entities of Nexant
Nexant operates through Nexant India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2020) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Nexant India Private Limited CIN U72900PN2018FTC175942 | Active | 11 Apr 2018 | Pune, Maharashtra | ₹3.3 Cr | 29 | 3 | View details |
Funding Insights of Nexant
Nexant has successfully raised a total of $65M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $50 million completed in July 2010. 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 $65M
- Total Rounds 2
- Last Round Series B — $50M
- First Round $15M
(Sep 2000)
- Investors Count 6
All 2 funding rounds of Nexant with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2010 | $50M | Series B | – | TeleSoft Partners, Beacon Capital Partners | – |
| Sep 2000 | $15M | Series A | – | – |
7 investors in total: 7 institutional.
Investors in Nexant
Nexant has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Morgan Stanley, Resource Innovations and TeleSoft Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity firm | telesoftvc.com | San Francisco, United States | ||
Venture capital investments are made in disruptive growth companies. | oakvc.com | Greenwich, United States | ||
Education startups are funded and mentored by Intel-backed accelerator. | intel.com/content/www/us/en/education/accelerator/education-accelerator-home.html | |||
Venture capital is offered by Nth Power for energy innovation. | nthpower.com | San Francisco, United States | ||
Develops, owns, and transforms buildings into offices, labs, and headquarters for companies. | 1946 | beaconcapital.com | Boston, United States | |
Wealth management, investment advisory, and financial services are provided. | 1935 | morganstanley.com | New York, United States | |
Energy transition software and advisory services are provided to utilities. | 2016 | resource-innovations.com | Half Moon Bay, United States |
Investor details for Nexant
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Board of directors of Nexant India Private Limited (Nexant)
Nexant India Private Limited is the primary company behind Nexant. The board of Nexant India Private Limited currently have 3 directors; the longest-serving is Kedar Achyut Gokhale, appointed in 2021. 9 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Kedar Achyut Gokhale DIN 05289536 | Director | 09 Nov 2021 | 4 yrs 11 mo | Nexant India Private Limited |
| Lauren Casentini DIN 09701313 | Director | 10 Aug 2022 | 4 yrs 2 mo | Nexant India Private Limited |
| Karen Leigh Melzer DIN 09701303 | Director | 10 Aug 2022 | 4 yrs 2 mo | Nexant India Private Limited |
People of Nexant
49 people are tracked at Nexant (21 in leadership, 9 in board & advisors, 19 in team); the tracked headcount is 29.
| Name | Role | Group |
|---|---|---|
Basem Y Sarandah | Manager | Leadership |
| CEO | Leadership | |
Michael Sullivan | Senior Vice President | Leadership |
Eugene Flyash | VP, iEnergy | Leadership |
Lynette Curthoys | Chief of Staff | Leadership |
| CEO | Leadership | |
Catherine Carhart | CTO & Chief Information Officer | Leadership |
Shaun Dentice | Chief Commercial Officer | Leadership |
Jennifer Ricaurte | VP & Assistant General Counsel | Leadership |
Anna Paderna | Director of Human Resources | Leadership |
George Jiang | Managing Consultant | Leadership |
Adam Perry | Principal & Director of Customer Success, iEnergy | Leadership |
Stephanie Judge | Senior Director, Business Development | Leadership |
Brad Simcox | Director, Utility Engagement & Strategic Initiatives | Leadership |
John Dirkman | VP, Business Development | Leadership |
Lonny Peet | Director of Engineering | Leadership |
Greg Stiles | VP, Business Development | Leadership |
Brad Pierce | VP, Utility Services | Leadership |
Mukul Kundu | Senior Director Product Management | Leadership |
Ebby Dabiri | Senior Director | Leadership |
29 more people are available in the full profile.
Complete people profiles for Nexant
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Financials of Nexant
Figures of Nexant India Private Limited, the primary company behind Nexant, for FY 2020. Revenue was ₹3.31 Cr (-4% year on year). Net loss was -₹1.00 Cr (-30% margin). EBITDA was ₹47.1 Lakh (14% margin).
- ₹3.31 CrRevenue · FY 2020 · -4% YoY
- -₹1.00 CrNet loss · -30% margin
- ₹47.1 LakhEBITDA · 14% margin
- ₹2.24 CrPaid-up capital
- 29Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Nexant India Private Limited are on its company page.
Detailed financial statements for Nexant
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Investments & Acquisitions by Nexant
Nexant has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Excelergy.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Energy management software is provided for utility companies. | excelergy.com | Lexington, United States | 1998 | Jan 2009 | •••• |
Complete acquisition details for Nexant
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Timeline of Nexant
5 dated milestones of Nexant across 21 years, from founding to its latest funding, stage changes and deals.
- Founded Nexant is founded.
- Funding First funding round of $15.0M.
- Acquisition Acquires Excelergy.
- Funding Latest funding round, Series B, of $50.0M.
- Exit Acquired by Resource Innovations.
Competitors of Nexant
Nexant has 3 listed competitors in our database, 3 of them funded. They include Enel X, Particle and Span.IO.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| enelx.com | 2001 | Boston, United States | $168M | 513 | Utility-scale renewable energy projects are developed by Enel X. | |
| particle.io | 2011 | San Francisco, United States | $134.87M | 109 | IoT connectivity platform from prototype to production is developed. | |
| span.io | 2014 | San Francisco, United States | $255.56M | Smart panels for home energy management are provided by Span.IO. |
Detailed competitors of Nexant
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Web traffic of Nexant
Websites that share an audience with Nexant (nexant.com).
Websites whose visitors overlap most with Nexant. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
enernoc.com | enernoc.com | 100% | – | ||
| publicpower.org | 91% | 60.6K | #529,201 | View details | |
snec.org.cn | snec.org.cn | 90% | #3,587,503 | – | |
cleantech.org | cleantech.org | 90% | #7,488,621 | – | |
| climatebiz.com | 90% | View details | |||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 10 similar websites and full traffic analytics for Nexant
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Top companies in Facility Management Platforms
3 companies that operate in the same segment as Nexant (Facility Management Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based software is provided for managing outdoor events and activities. | 1999 | Dallas, Texas, United States | USD 313.84 M | 2,458 | ||
Envoy is recognized for providing workplace management solutions. | 2013 | San Francisco, California, United States | USD 170.5 M | 463 | ||
IoT connectivity platform from prototype to production is developed. | 2011 | San Francisco, California, United States | USD 134.87 M | 109 |
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Related news about Nexant
Complete news archive for Nexant
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Frequently Asked Questions about Nexant
Nexant was founded in 2000.
Nexant is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
John Gustafson is the CEO of Nexant, as recorded in our data.
Nexant is a funded company, having raised a total of $65M across 2 funding rounds to date. The company's 1st funding round was a Series A of $15M, raised on Sep 2000.
Nexant has 29 employees.
The primary company behind Nexant, Nexant India Private Limited, reported revenue of ₹3.31 Cr for FY 2020, down 4% year on year.
Nexant provides intelligent grid software and clean energy solutions for businesses and organizations. It offers Nexant iEnergy, a cloud-based business process management software platform for utilities to rollout and manage a portfolio of energy efficiency, renewable energy, and demand side management (DSM) programs; Nexant Grid360, a network modeling and simulation platform that enables power system engineers to build, monitor, analyze, and perform what if scenarios. It analyzes the demand response from Distribution and Transmission and serve them to Utility.
Nexant has made 1 acquisition, including Excelergy.
Nexant has 7 investors. Key investors include Morgan Stanley, Resource Innovations, TeleSoft Partners, Beacon Capital Partners, and Oak Investment Partners.
Nexant operates through Nexant India Private Limited.
Yes. Nexant was acquired by Resource Innovations in May 2021.