About Nexeon
Nexeon is a company based in Abingdon (United Kingdom) founded in 2006 by Max Welling, Chad Chad Edwards, and Mino Green.. Nexeon has raised $170 million across 2 funding rounds from investors including Daishin Securities, Shinhan Securities and Mobility Innovators. The company has 69 employees as of December 31, 2022. Nexeon operates in a competitive market with competitors including SunPower, Amprius Technologies, Enovix, Thermophoton and ORLIB, among others.
- Headquarter Abingdon, United Kingdom
- Employees 69 as on 31 Dec, 2022
- Founders Max Welling, Chad Chad Edwards, Mino Green
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Nexeon Limited
- Date of Incorporation 22 Feb, 2006
- Jurisdiction ABINGDON, OXFORDSHIRE
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$170 M (USD)
in 2 rounds
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Latest Funding Round
$90 M (USD), Series C
Aug 03, 2022
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Investors
Daishin Securities
& 4 more
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Employee Count
69
as on Dec 31, 2022
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Funding Insights of Nexeon
Nexeon has successfully raised a total of $170M across 2 strategic funding rounds. The most recent funding activity was a Series C round of $90 million completed in August 2022. 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 2
- Last Round Series C — $90.0M
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First Round
First Round
(26 Jan 2022)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2022 | Amount | Series C - Nexeon | Valuation | Daishin Securities , Shinhan Securities Vietnam |
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| Jan, 2022 | Amount | Series C - Nexeon | Valuation | SKC |
| 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 Nexeon
Nexeon has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include Daishin Securities, Shinhan Securities and Mobility Innovators. 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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Cross-border investments are managed by SJL Partners in key regions.
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Founded Year | Domain | Location | |
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Investment banking firm based out of Korea
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Founded Year | Domain | Location | |
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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 Nexeon
| 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 |
Financial Statements - Nexeon
| 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 |
Nexeon Comparisons
Competitors of Nexeon
Nexeon 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 SunPower, Amprius Technologies, Enovix, Thermophoton and ORLIB, 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 |
Silicon-based solar PV modules are manufactured for diverse applications.
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| domain | founded_year | HQ Location |
Silicon nanowire-based Li-Ion batteries are developed for high energy density.
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| domain | founded_year | HQ Location |
Lithium-ion battery cells are developed with 3D silicon anode technology.
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| domain | founded_year | HQ Location |
Silicon-based batteries are offered via an online platform by Thermophoton.
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| domain | founded_year | HQ Location |
Lithium-ion and silicon battery solutions are provided.
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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 Nexeon
Frequently Asked Questions about Nexeon
When was Nexeon founded?
Nexeon was founded in 2006 and raised its 1st funding round 16 years after it was founded.
Where is Nexeon located?
Nexeon is headquartered in Abingdon, United Kingdom. It is registered at Abingdon, Oxfordshire, United Kingdom.
Who is the current CEO of Nexeon?
Chad Chad Edwards is the current CEO of Nexeon. They have also founded this company.
Is Nexeon a funded company?
Nexeon is a funded company, having raised a total of $170M across 2 funding rounds to date. The company's 1st funding round was a Series C of $80M, raised on Jan 26, 2022.
How many employees does Nexeon have?
As of Dec 31, 2022, the latest employee count at Nexeon is 69.
What does Nexeon do?
Nexeon was founded in 2006 and is based in Abingdon, United Kingdom. Operations focus on the development and supply of silicon-based anode materials for lithium-ion batteries, replacing traditional graphite anodes. The technology is targeted at enhancing battery performance in the energy storage sector. Key personnel include co-founders Max Welling as CTO, Chad Edwards as CEO, and Mino Green.
Who are the top competitors of Nexeon?
Nexeon's top competitors include SunPower, Enovix and Amprius Technologies.
Who are Nexeon's investors?
Nexeon has 5 investors. Key investors include Daishin Securities, Shinhan Securities, Mobility Innovators, SKC, and SJL Partners.
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