Funding round
Nexamp Growth
Reported as "Growth Equity"
Nexamp, which works in community solar solutions in Chicago, raised $240M in a Growth round announced on 17 Aug 2021, led by Generate Capital. 1 firm took part. It is Nexamp's third venture round on record; the one before was a Series B in Jun 2017.
$240M
Amount raised
Not disclosed
Post-money valuation
1
Investors
1 lead
Valuation
What this round says about the price
Nexamp did not disclose a valuation in this round. It came 50 months after Nexamp's Series B. It is 54% of the $441M Nexamp has raised in the venture rounds on record. Nexamp raised again 56 months later: a Series E round of $180M in Apr 2026.
Nexamp's funding rounds
Nexamp has 4 venture rounds on record and 3 other deals. This one is highlighted.
- Series A 9 Feb 2010 $6.5M
- Series B 7 Jun 2017 $15M
- Debt not a venture round 17 Aug 2021 $440M
- Growth this round 17 Aug 2021, led by Generate Capital $240M
- Debt not a venture round 28 Apr 2025, led by PGIM Private Capital $340M
- Series E 22 Apr 2026 $180M
- Debt not a venture round 24 Apr 2026, led by Nuveen Energy Infrastructure Credit $200M
Investors
Who put money in
Generate Capital led the round.
Lead investor
- backs 4 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion and scaling operations.
- Geographic expansion
- Scaling operations
Comparable rounds
How it compares
17 Growth rounds in Solar Energy Company within a year either side disclosed an amount; the median was $120M, and this round was 2.0 times the median. The closest in time, other companies' Growth rounds in Solar Energy Company:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Solar Energy Company | 23 Aug 2021 | $40M | not disclosed | Gridworks Development Partners and New GX Capital |
| Solar Energy Company | 15 Sep 2021 | $118M | not disclosed | not named |
| Solar Energy Company | 28 Sep 2021 | $30M | not disclosed | Ember Infrastructure |
| Solar Energy Company | 30 Jun 2021 | $125M | not disclosed | Norfund |
| CleanCapital Solar Energy Company | 20 Apr 2021 | $300M | not disclosed | Manulife Investment Management |
| Solar Energy Company | 17 Dec 2021 | $150M | not disclosed | Koch Strategic Platforms |
| Nautilus Solar Energy Solar Energy Company | 22 Apr 2021 | $110M | not disclosed | not named |
| Solar Energy Company | 5 Jan 2022 | $100M | not disclosed | Magnetar Capital |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Nexamp raise in its Growth round?
Nexamp raised $240M in its Growth round, announced in Aug 2021.
Who led Nexamp's Growth round?
Generate Capital led it.
What was Nexamp's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Solar Energy Company?
17 Growth rounds in Solar Energy Company within a year either side disclosed an amount; the median was $120M, and this round was 2.0 times the median.
Did Nexamp raise again after this round?
Yes: a Series E round in Apr 2026 of $180M.