What is Xendee?
Xendee specializes in world-class Microgrid decision support software designed to empower designers and investors. Their platform facilitates the optimization and certification of 'Fight-Through' resilience and financial performance for Microgrid projects. By enabling a broad audience, from business decision-makers to scientists, Xendee aims to support critical investments in Microgrids and ensure the reliability of electric power when integrating renewable generation sources. The company's technology is pivotal for advancing the adoption and effectiveness of distributed energy systems.
How much funding has Xendee raised?
Xendee has raised a total of $12.2M across 2 funding rounds:
Debt
$150K
Series A
$12M
Debt (2020): $150K with participation from PPP
Series A (2022): $12M led by Evergy Ventures, Anzu Partners, Surlamer, and Travelcenters Of America
Key Investors in Xendee
Evergy Ventures
Evergy Ventures is an investment arm focused on clean energy innovations, providing capital and strategic support to companies aiming to enhance energy reliability and sustainability. They actively partner with early-stage businesses within the energy sector to foster growth and deliver community value.
Anzu Partners
Anzu Partners is an investment firm specializing in breakthrough technologies across clean tech, industrial, and life sciences, managing substantial assets. They offer founders expertise in business development and market positioning to accelerate growth and bring innovative solutions to market.
Surlamer
Surlamer Investments is a private wealth management firm that invests in private companies and real estate, aiming to support entrepreneurs with capital and marketing resources. Their strategy spans technology, finance, and consumer products, with a philanthropic commitment.
What's next for Xendee?
With its recent Series A financing and a history of strategic investment, Xendee is poised for significant scaling and market expansion. The substantial capital raised will likely fuel further development of its Microgrid decision support software, enhance its go-to-market strategies, and broaden its customer base. This funding round underscores investor confidence in Xendee's ability to address the growing demand for resilient and financially sound renewable energy infrastructure, positioning the company as a key player in the evolving energy landscape.
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