About Xendee
Xendee is a company based in San Diego (United States) founded in 2012 by Scott Mitchell and Adib Nasle.. Xendee has raised $20 million across 2 funding rounds from investors including TravelCenters of America, Anzu Partners and Evergy Ventures. Xendee offers products and services including DISCOVER API, PROPOSE, DESIGN, OPERATE, and MOBILITY MODELING SERVICES. Xendee operates in a competitive market with competitors including CleanSpark, Go Electric, QPV, Frequenz and Brightmerge, among others.
- Headquarter San Diego, United States
- Founders Scott Mitchell, Adib Nasle
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$20 M (USD)
in 2 rounds
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Latest Funding Round
$12 M (USD), Series A
Jun 15, 2022
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Investors
TravelCenters of America
& 3 more
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Employee Count
Employee Count
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Products & Services of Xendee
Xendee offers a comprehensive portfolio of products and services, including DISCOVER API, PROPOSE, DESIGN, OPERATE, and MOBILITY MODELING SERVICES. 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.
Identifies optimal DER sites using portfolio data.
Generates catalog-driven proposals for projects.
Simulates power flow and financial constraints.
AI-powered controller for microgrid efficiency.
Provides modeling for EV and energy projects.
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Funding Insights of Xendee
Xendee has successfully raised a total of $20M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $12 million completed in June 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 A — $12.0M
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First Round
First Round
(08 Dec 2021)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2022 | Amount | Series A - Xendee | Valuation | Anzu Partners | |
| Dec, 2021 | Amount | Series A - Xendee | Valuation |
investors |
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| 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 Xendee
Xendee has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include TravelCenters of America, Anzu Partners and Evergy Ventures. 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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Investments are made in industrial and life sciences technology companies.
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Founded Year | Domain | Location | |
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Investment services are offered to support innovative entrepreneurs.
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Founded Year | Domain | Location | |
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TravelCenters of America is operated as a network of truck stops and service centers across the USA.
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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 Xendee
| 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 - Xendee
| 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 |
Xendee Comparisons
Competitors of Xendee
Xendee 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 CleanSpark, Go Electric, QPV, Frequenz and Brightmerge, 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 |
Microgrid optimizer software solutions are provided for energy management.
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| domain | founded_year | HQ Location |
Microgrid management systems and uninterruptible power solutions are developed.
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| domain | founded_year | HQ Location |
Solar energy consultancy and engineering services are provided.
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| domain | founded_year | HQ Location |
Grid management solutions are delivered via an AI-based platform.
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| domain | founded_year | HQ Location |
Offering a SaaS platform for economic optimizing of renewable energy microgrids
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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 Xendee
When was Xendee founded?
Xendee was founded in 2012 and raised its 1st funding round 9 years after it was founded.
Where is Xendee located?
Xendee is headquartered in San Diego, United States. It is registered at San Diego, California, United States.
Who is the current CEO of Xendee?
Adib Nasle is the current CEO of Xendee. They have also founded this company.
Is Xendee a funded company?
Xendee is a funded company, having raised a total of $20M across 2 funding rounds to date. The company's 1st funding round was a Series A of $8M, raised on Dec 08, 2021.
What does Xendee do?
Xendee was founded in 2012 in San Diego, United States, within the energy sector. Engineering and management platforms have been developed to support single-line diagram creation, data handling, error detection, automation scripting, analytics, and report generation. An online platform is used by power engineers to design and analyze electrical distribution networks, facilitating smart grid operations.
Who are the top competitors of Xendee?
Xendee's top competitors include CleanSpark, HOMER Energy and QPV.
What products or services does Xendee offer?
Xendee offers DISCOVER API, PROPOSE, DESIGN, OPERATE, and MOBILITY MODELING SERVICES.
Who are Xendee's investors?
Xendee has 4 investors. Key investors include TravelCenters of America, Anzu Partners, Evergy Ventures, and Surlamer Investments.