About Nxlite
Nxlite is a company based in Canton (United States) founded in 2015 by Nazir Kherani and Nicholas Komarnycky.. Nxlite has raised $13.2 million across 4 funding rounds from investors including Sustainable Development Technology Canada, Earth Foundry and Earth Foundry. Nxlite offers products and services including Energy-Control Coatings, Window Inserts, and Product Solutions. Nxlite operates in a competitive market with competitors including WattGlass, Opus Materials Technologies, Future Chromes, TriNANO and Rolic, among others.
- Headquarter Canton, United States
- Founders Nazir Kherani, Nicholas Komarnycky
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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 Nxlite 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
$13.2 M (USD)
in 4 rounds
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Latest Funding Round
$9.2 M (USD), Series A
Oct 14, 2025
- Investors
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Employee Count
Employee Count
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Products & Services of Nxlite
Nxlite offers a comprehensive portfolio of products and services, including Energy-Control Coatings, Window Inserts, and Product Solutions. 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.
Coatings that improve solar control and reduce energy use in windows
Inserts for buildings to enhance energy efficiency and minimize disruptions
Tailored coatings for automotive and construction applications
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Funding Insights of Nxlite
Nxlite has successfully raised a total of $13.2M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $9.2 million completed in October 2025. 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 4
- Last Round Series A — $9.2M
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First Round
First Round
(09 Aug 2017)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2025 | Amount | Series A - Nxlite | Valuation |
investors |
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| Mar, 2023 | Amount | Grant - Nxlite | Valuation |
investors |
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| Mar, 2023 | Amount | Seed - Nxlite | 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 Nxlite
Nxlite has secured backing from 6 investors, including venture fund investors. Prominent investors backing the company include Sustainable Development Technology Canada, Earth Foundry and Earth Foundry. 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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Venture capital firm focused on investing in clean tech sectors
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Founded Year | Domain | Location | |
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Venture capital is provided for critical industries by Earth Foundry.
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Founded Year | Domain | Location | |
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Venture capital is provided for critical industries by Earth Foundry.
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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 Nxlite
| 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 - Nxlite
| 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 |
Nxlite Comparisons
Competitors of Nxlite
Nxlite 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 WattGlass, Opus Materials Technologies, Future Chromes, TriNANO and Rolic, 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 |
Proprietary nanoparticle-based antireflection coatings for glass are supplied.
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| domain | founded_year | HQ Location |
Manufacturer of nanocoatings for solar panels
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| domain | founded_year | HQ Location |
Nanotechnology-based photochromic materials are developed for surface applications.
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| domain | founded_year | HQ Location |
Nanocoatings are developed to enhance solar panel efficiency.
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| domain | founded_year | HQ Location |
Nanotechnology-based photo-alignment technology is provided for OLED light management.
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| domain | founded_year | HQ Location |
Offers artificial lighting systems mimicking sunlight to enhance indoor environments.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Frequently Asked Questions about Nxlite
When was Nxlite founded?
Nxlite was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Where is Nxlite located?
Nxlite is headquartered in Canton, United States. It is registered at Canton, Ohio, United States.
Who is the current CEO of Nxlite?
David Mather is the current CEO of Nxlite.
Is Nxlite a funded company?
Nxlite is a funded company, having raised a total of $13.2M across 4 funding rounds to date. The company's 1st funding round was a Grant of $3.65M, raised on Aug 09, 2017.
What does Nxlite do?
Nxlite was founded in 2015 and is headquartered in Canton, United States. Coatings for windows and transparent barriers are developed by the company to manage heat and cold, thereby reducing energy consumption. Operations focus on the materials science sector, targeting glass and polymer substrates for applications in building and barrier systems. Leadership includes co-founders Nazir Kherani and Nicholas Komarnycky, with David Mather serving as CEO.
Who are the top competitors of Nxlite?
Nxlite's top competitors include TriNANO, Future Chromes and WattGlass.
What products or services does Nxlite offer?
Nxlite offers Energy-Control Coatings, Window Inserts, and Product Solutions.
Who are Nxlite's investors?
Nxlite has 6 investors. Key investors include Sustainable Development Technology Canada, Earth Foundry, Earth Foundry, MUUS Climate Partners, and New Climate Ventures.
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