Funding round
Nexamp Series A
Nexamp, which works in community solar solutions in Chicago, raised $6.5M in a Series A round announced on 9 Feb 2010. 3 firms took part. It is Nexamp's first venture round on record.
$6.5M
Amount raised
Not disclosed
Post-money valuation
3
Investors
no lead named
Valuation
What this round says about the price
Nexamp did not disclose a valuation in this round. It is Nexamp's first venture round on record, 3 years after it was founded in 2007. It is 1.5% of the $441M Nexamp has raised in the venture rounds on record. Nexamp raised again 88 months later: a Series B round of $15M in Jun 2017.
Nexamp's funding rounds
Nexamp has 4 venture rounds on record and 3 other deals. This one is highlighted.
- Series A this round 9 Feb 2010 $6.5M
- Series B 7 Jun 2017 $15M
- Debt not a venture round 17 Aug 2021 $440M
- Growth 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
3 firms took part; no lead investor was named.
Investors
- Good Energies new investor
- backs 36 venture-backed companies new investor
- RCG Ventures new investor
Joined the board: Stuart R. Patterson.
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: Series A rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Video Games - Development & Publishing | 4 Feb 2010 | $3.0M | not disclosed | Almaz Capital |
| Travel Agencies | 1 Feb 2010 | $2.1M | not disclosed | not named |
| Tech Companies | 24 Feb 2010 | undisclosed | not disclosed | Steamboat Ventures and Gobi Partners |
| Medical Supply Manufacturers | 5 Jan 2010 | $30M | not disclosed | not named |
| Medical Supply Manufacturers | 18 Mar 2010 | $8.8M | not disclosed | not named |
| Digital & Marketing Agencies | 14 Jan 2010 | $6.0M | not disclosed | Redpoint Ventures |
| Tech Companies | 9 Mar 2010 | $5.4M | not disclosed | not named |
| Tech Companies | 1 Jan 2010 | $5.1M | not disclosed | First Round and Floodgate |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Nexamp raise in its Series A round?
Nexamp raised $6.5M in its Series A round, announced in Feb 2010.
Which investors took part in Nexamp's Series A round?
Good Energies, PJC and RCG Ventures.
What was Nexamp's valuation at the Series A round?
It was not disclosed.
Did Nexamp raise again after this round?
Yes: a Series B round in Jun 2017 of $15M.