Massachusetts-based Nexamp has secured $6.5 million in Series A venture financing from Good Energies, Point Judith Capital, RCG Ventures, and individual investors.
Nexamp designs, builds and maintains
clean energy projects, including renewable energy, energy efficiency, and energy management.
The funding follows the award of a $20 million contract earlier this month to install 4 megawatts (MW) of solar generation capacity on a dozen state-owned water and waste-water treatment facilities in Massachusetts.
Nexamp said the funding will allow the company to further expand its clean energy
solution offerings and its presence nationwide.
As part of the financing, Nexamp also announced the addition of a
new CEO, Stuart R. Patterson, to succeed Henri-Claude Bailly of RCG Ventures, who remains Chairman of the
Board.
Nexamp employs technologies ranging from
geothermal heating and cooling to solar energy and energy-efficient lighting.
The company was co-founded in 2007 by Dan Leary and Will Thompson—who had founded clean energy company
NexGen Energy Solutions, LLC in 2006—and RCG Ventures. The company achieved 100% growth in revenues
in 2008 and over 80% in 2009—and now employs more than 45 people.
“We feel privileged to have earned the support of Good Energies and Point Judith Capital and the continued
support of RCG Ventures. Their investments demonstrate their recognition of Nexamp’s potential,” said Dan
Leary, Nexamp President and Chief Operating Officer.
Nexamp has been named 2010 Best of BostonTM Home green consultant by Boston magazine and received the
prestigious Association of Energy Engineers’ 2008 Energy Award for Best Energy Reduction Project in New
England for its clean energy project and related savings (87% overall) at Boston Sand & Gravel’s maintenance
facility.
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