Diligence memo · auto-generated · as of July 2, 2026
Nexamp, Inc.
Nexamp, Inc. looks over-valued against its niche peers and is at-risk on financing cadence.
Businessfiled
Nexamp, Inc. operates in Other Energy, based in BOSTON. We’re tapping into a natural source of energy and powering communities and businesses across the country.
Capital & rounds (filed)filed
Nexamp, Inc. has raised $600M in disclosed capital across 8 recorded rounds, aggregated from public filings. Its latest round is modeled as Series D+ (a $100M–$400M round).
Largest single filing: $370M on 2024-03-31.
Most recent recorded round closed around 2024-03-31.
Valuation (modeled)modeled
Provath models Nexamp, Inc. at approximately $3.1B (range $2.0B–$4.4B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Over-valued. Modeled value is 1.77× the median modeled value of Series D+ Other Energy companies in 2022–2024 (10 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 21 months.
Last raise 2.3 yr ago; this sector typically re-raises about every 12 months.
Past due for a raise versus sector cadence — watch for distress or a bridge.
The last round stepped up 3.1× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 99% of Other Energy peers (2049 compared).
Modeled value ranks above 99% of those peers.
Closest niche peers: Livent Corp., EnerVenue Holdings, Ltd., Tellurian Inc. /De/, Maxeon Solar Technologies, Ltd., Atlas Energy Solutions Inc..
Peoplefiled
24 named people on file across officers, directors and signatories.
Risks & flagsmixed
Overdue for a raise versus sector norm — distress or bridge risk.
Modeled above niche peers — valuation risk on entry.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.