Each week, the SPI team uses proprietary, data-focused research to present a small sneak peek at a few companies in the market for a capital raise and fundraising round.
Nexamp Inc.
Headquarters: Boston, Massachusetts
Founders: William Thompson
Upper Level Management: Zaid Ashai (Chairman/CEO), Peter Tawczynski (CFO)
Last Funding Type: Undisclosed
Number of Employees: 51-100
Estimated Revenue Range: $10M to $50M
Nexamp Inc is a Boston-based solar and energy storage solutions firm for the clean energy sector, using a vertically integrated structure in order to control every possible step of the solar project development process. The bottom line for investors: Nexamp has had an undisclosed amount of funding, but looks like a later-growth company that may need structured debt financing or possibly even an IPO after a closer look.
Solar Mosaic Inc.
Headquarters: San Francisco, California
Upper Level Management: Billy Parish (Founder/CEO), Patrick Moore (President/COO)
Last Funding Type: Undisclosed
Solar Mosaic Inc is a SF Bay Area-based company that creates solutions for contractors and homeowners for financing on residential energy, solar homes, and efficiency improvements. The firm is made up of financing experts with industry experience in creating simple structures for projects, including residential ones. This company reads like a good opportunity for a private equity round; there may be solid potential for a family office.
Solar Industries Inc.
Headquarters: Tucson, Arizona
Last Funding Type Private Equity (13M round in 2012 – Oman India Joint Investment Fund)
Upper Level Management: Aaron Thomas (CFO)
Number of Employees 251-500
Estimated Revenue Range $50M to $100M
Solar Industries Inc is an Arizona-based solar skylight/window and door designer and installer focused on creating efficient solar solutions for residential skylights. The company underwent one funding round in 2012, reportedly raising close to $13M. This opportunity reads like a company needing a COVID-caused injection, possibly a Series A round.
