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- Nexeon
Nexeon Funding, Investors & Competitors
Nexeon has raised $398M across 6 funding rounds, most recently a $135M undisclosed-stage round in August 2026.
About Nexeon
Nexeon is an Oxfordshire-headquartered developer and manufacturer of silicon-based anode materials for lithium-ion batteries. Its products enable higher energy density in cells for electric vehicles and consumer electronics. Nexeon operates production facilities in the United Kingdom and Japan, supplying battery makers worldwide. The company advances patented silicon anode technology to support extended range and faster charging in EV applications.
Founded
2006
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Nexeon Funding History
Nexeon has raised a total of $398M across 6 funding rounds, plus 1 secondary share sale.
Nexeon's first fundraising round was a $43M undisclosed-stage round in May 2016. The most recent completed round was a $135M undisclosed-stage round in August 2026.
Nexeon funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Aug 2026 | Undisclosed stage | National Wealth Fund (lead); Honda Xcelerator; Korea Development Bank | $135M | Nexeon completed a £100 million investment round in August 2026 with backing from the National Wealth Fund, Korea Development Bank, and Honda Xcelerator Ventures. The National Wealth Fund committed £52.6 million and said its participation completed the round; the funding was also reported as €116.7 million / €117 million. The capital is intended to support the expansion of Nexeon’s research, development, and manufacturing activities in the UK, strengthen the domestic battery supply chain, and create jobs. Honda’s participation came through its open innovation investment program, and the company said the funding would support continued growth of its silicon-based battery materials business for electric mobility and other energy storage applications. Nexeon is a UK battery materials developer focused on advanced silicon anode materials designed to increase energy density and improve battery performance. The company is based in the UK and positions its technology for next-generation batteries used in electric vehicles and other applications. |
| May 2026 | Undisclosed stage | Honda Xcelerator (lead) | - | - |
| Dec 2024 | Secondary | Lexham Partners | - | IP Group agreed to sell part of its minority holding in Nexeon to Lexham Special Opportunities I, a newly formed Guernsey fund managed by Lexham Partners, as one leg of a nine-company secondary transaction spanning IP Group's balance sheet and managed funds. IP Group said the package would generate up to approximately GBP 15m of cash from the six balance sheet holdings involved, at a small overall premium to their 2023 carrying value; no price was attributed to any individual company. The sale was agreed in December 2024 and the shares were classified as held for sale at IP Group's year end, with completion following in early 2025. |
| Aug 2022 | Series D | Nousbo; Gly Capital Management; IP Group; Shinhan Investment | $90M | - |
| Aug 2022 | Strategic investment | Ingevity (lead) | $50M | Nexeon is a UK-based developer and manufacturer of silicon-based anode materials for lithium-ion batteries used in electric vehicles and consumer electronics, with its proprietary NSP-2 technology offering up to four times the energy density of conventional graphite anodes for improved range and faster charging. Ingevity Corporation invested $60 million in equity in Nexeon around March/August 2022 as part of a broader fundraising effort, acquiring a stake and securing board representation via Erik Ripple while committing to joint development of products using Ingevity's activated carbon and a long-term supply agreement. This investment positioned Ingevity in the EV battery market and supported Nexeon's expansion of manufacturing facilities for commercializing its anode materials. The Ingevity-led tranche was part of a larger 2022 funding series, including a first close of $80 million in January led by SKC and SJL Partners, and a second close raising an additional $90 million from Ingevity, GLY Mobility Fund, Daishin Private Equity, and Shinhan Investments, bringing total investment to $170 million with further $50 million in commercial commitments, and overall fundraising exceeding $200 million across rounds. Funds were allocated to accelerate Nexeon's manufacturing scale-up for silicon anode production, as the company had already doubled in size that year and was supplying Tier 1 battery makers and OEMs while engaging emerging players in new EV supply chains. Nexeon continued fundraising post-2022, raising $15.68 million in a Private Equity-IV round in August 2023 from BNW Investment, Kiwoom Private Equity, SJL Partners, and SKC, with cumulative funding reaching $321.33 million over 11 rounds from 17 investors by that point. The company leverages lithium-ion dominance in EVs and portable devices amid growing market demand driven by battery tech improvements and environmental pressures, positioning silicon anodes as a key innovation for performance gains. |
| Jan 2022 | Series D | SKC (lead) | $80M | Nexeon is a leading battery materials developer and manufacturer specializing in advanced silicon anode materials for next-generation lithium-ion batteries, enabling improved fast charge, energy density, and cost efficiency in consumer electronics and electric vehicles. On January 26, 2022, Nexeon announced a US$80 million first close of an investment round led by SKC, a major Korean advanced materials company with a US$5.0 billion market cap focused on batteries and semiconductors, alongside SJL Partners, BNW Investment, and Kiwoom Private Equity. This funding established a strategic partnership with SKC for volume manufacturing of Nexeon's silicon anode materials. The round later expanded with a second close raising an additional US$90 million from GLY Mobility Fund, Daishin Private Equity, Shinhan Investments, and others, bringing total investment to US$170 million, plus US$50 million in commercial investments in Nexeon's technologies. The capital supports acceleration of manufacturing scale-up to produce tens of thousands of metric tonnes annually of silicon-based anode materials for rechargeable Li-ion batteries. Nexeon had already doubled in size that year amid scaling efforts, with customer validation of its materials' superior performance. CEO Scott Brown highlighted the multinational investors' endorsement of Nexeon's technology and vision for sustainable battery materials, while SKC's Dr. Junghwan Shin emphasized alignment with ESG goals. Subsequent rounds included Private Equity - III for $60M in August 2022 and Private Equity - IV for $15.68M in 2023 from overlapping investors. |
| May 2016 | Undisclosed stage | Invesco; Imperial Innovations; Woodford Investment Management | $43M | - |
Who has invested in Nexeon?
13 investors have backed Nexeon across its funding rounds, including Honda Xcelerator, Korea Development Bank, IP Group, Woodford Investment Management, Imperial Innovations and Invesco.
Lead investors include National Wealth Fund, Honda Xcelerator, Ingevity and SKC.
Nexeon Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | May 2026 | ||
| 1 | Lead | Jan 2022 | ||
| 1 | Participant | Aug 2022 | ||
| 1 | Participant | Aug 2022 | ||
| 1 | Participant | Aug 2022 | ||
| 1 | Participant | May 2016 | ||
| 1 | Lead | Aug 2022 | ||
| 1 | Participant | May 2016 | ||
| 1 | Participant | Aug 2026 | ||
| 1 | Participant | Dec 2024 | ||
| 1 | Participant | Aug 2022 | ||
This data is available for Pro users. Sign up to see all 13 Nexeon investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialNexeon Competitors
Nexeon competitors include listed companies like Tesla and CATL, and private ones like Group14 Technologies, StoreDot, Nanotech Energy and InoBat.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $39M | - | $5.1B | - | ||
| Private | - | - | $1.5B | - | ||
| Private | - | - | $550M | - | ||
| Private | - | - | $476M | - | ||
| Publicly listed | $95B | $10B | $1.4T | 13.8x | ||
| Publicly listed | $63B | $16B | $214B | 2.1x |
Nexeon Public Comps
Nexeon is still privately-owned, but its public comps include Tesla, CATL, Air Liquide, Merck KGaA, LG Energy Solution, Vistra, Disco, Qnity Electronics, JX Advanced Metals and Grace Fabric.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $95B | $10B | 15.0x | 13.8x | 140.8x | 97.4x | |||
| $63B | $16B | 2.8x | 2.1x | 11.0x | 9.2x | |||
| $31B | $8.6B | 4.5x | 4.4x | 16.4x | 14.3x | |||
| $24B | $5.3B | 3.1x | 3.1x | 14.3x | 10.7x | |||
| $17B | $3.4B | 4.8x | 3.9x | 24.1x | 22.2x | |||
| $18B | $5B | 4.0x | 3.3x | 13.9x | 10.2x | |||
| $2.8B | $1.3B | 11.9x | 10.7x | 26.2x | 22.8x | |||
| $4.8B | $1.4B | 5.9x | 5.2x | 19.9x | 17.1x | |||
This data is available for Pro users. Sign up to see all Nexeon competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Nexeon
| When was Nexeon founded? | Nexeon was founded in 2006. |
| Where is Nexeon headquartered? | Nexeon is headquartered in Aberdeen, United Kingdom. |
| Is Nexeon publicly listed? | No, Nexeon is a private, VC-backed company. |
| How much funding has Nexeon raised? | Nexeon has raised $398M across 6 funding rounds. |
| What was Nexeon's last funding round? | Nexeon's last funding round was a $135M undisclosed-stage round in August 2026, led by National Wealth Fund. |
| Who are Nexeon's investors? | Nexeon's investors include Honda Xcelerator, SKC, Nousbo, Gly Capital Management, IP Group, Invesco, Ingevity, Imperial Innovations, Korea Development Bank, Lexham Partners and 3 others. |
| Which companies are comparable to Nexeon? | Companies comparable to Nexeon include Group14 Technologies, StoreDot, Nanotech Energy, InoBat, Tesla and CATL. |
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