Nexamp joined the Unicorn Club on April 10, 2024, after raising a $520M Series F funding round. Founded in 2007, Nexamp specializes in clean energy solutions, including energy efficiency, energy management, and renewable energy project development for businesses, governments, and homeowners. As of March 2024, the company is valued at $1 billion, with total funding of $ 1.27 billion.
Keep reading to explore Nexamp’s funding history, key investors, and what’s next for this renewable energy tech innovator.
What Is Nexamp and What Does It Do?
Nexamp is a North Andover, Massachusetts, United States-based company that analyzes, designs, finances, builds, and maintains clean energy projects. The platform focuses on reducing energy costs and carbon emissions for a diverse range of clients, including businesses and residential homeowners.
The company also offers energy efficiency and energy management solutions, enabling clients to optimize their energy use and sustainability initiatives. In March 2011, Nexamp acquired Solver Energy to expand its project capabilities and market reach.
How Much Funding Has Nexamp Raised?
- Series F
- Amount Raised: $520M
- Date: March 31, 2024
- Lead Investors: US Bank, MUFG
- Motivation: To expand clean energy project development and scale operations.
Total Funding Raised: $1.27B
Current Valuation: $1B (as of March 2024)
Latest Funding Date: March 31, 2024
Key Investors
- US Bank
- Details: Major financial institution providing investment and financing for sustainable projects.
- Investment Focus Areas: Clean energy, infrastructure, renewable solutions.
- MUFG
- Details: Global banking and financial services company investing in green and sustainable energy projects.
- Investment Focus Areas: Renewable energy, clean technology, corporate sustainability.
Where Is Nexamp’s Headquarters?
Nexamp is headquartered in North Andover, Massachusetts, United States, a strategic location for renewable energy operations, providing access to key markets, talent, and regulatory resources.
What’s Next for Nexamp?
Nexamp continues to expand its clean energy portfolio, focusing on energy efficiency, renewable energy projects, and sustainable management solutions. The company leverages its latest $520M Series F funding to accelerate growth, enhance project delivery, and reduce carbon emissions for its clients. With 331 employees (as of December 2021) and robust investor support, Nexamp aims to strengthen its position as a leader in renewable energy technology.
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