What is Xendee?
Xendee operates at the intersection of clean technology and enterprise software, offering a comprehensive platform that enables designers and investors to optimize the resilience and financial viability of microgrid projects. The platform is engineered to support a diverse user base, ranging from business decision-makers to technical scientists, by facilitating the integration of renewable energy sources while ensuring Fight-Through reliability. By automating complex simulations, Xendee empowers stakeholders to certify project performance with high confidence, effectively de-risking investments in the transition toward sustainable and autonomous power 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 Surlamer, Evergy Ventures, Travelcenters Of America, and Anzu Partners
Key Investors in Xendee
Anzu Partners
Anzu Partners is an investment firm focused on breakthrough technologies in clean tech, industrial, and life sciences sectors, managing $1 billion in assets. The firm provides deep expertise in business development and market positioning to accelerate the growth of innovative startups.
Evergy Ventures
Evergy Ventures provides investment capital and strategic support to innovative companies focused on creating cleaner, safer, and more reliable energy solutions. They partner with early-stage businesses within the energy ecosystem to help them grow and deliver value to their communities.
Surlamer
Surlamer Investments is a private wealth management firm that focuses on investing in private companies, real estate, and publicly traded securities. The firm aims to support local entrepreneurs by providing them with capital and resources to develop innovative ideas into successful businesses.
What's next for Xendee?
With the recent influx of capital, Xendee is well-positioned to scale its operations and enhance its software capabilities to meet the evolving needs of the global energy market. The strategic focus will likely center on expanding its footprint within the industrial and commercial sectors, where the demand for energy independence and carbon reduction is at an all-time high. As the company continues to refine its decision support tools, it is expected to play a pivotal role in the broader adoption of microgrid technology, providing the analytical rigor required to secure long-term energy security for critical infrastructure and enterprise facilities alike.
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