🏆 Deal of the Week · CW 31/2022
Nexeon raised USD 200 million in a Series D funding round, with the valuation remaining undisclosed. The round was announced in August 2022 and was backed by a consortium of institutional investors including Daishin Securities, Gly Capital Management, Ischyros New York, and Shinhan Investment.
Nexeon — key deal facts
| Company | Nexeon |
| Founded | 2006 |
| Headquarters | Abingdon, United Kingdom |
| Amount raised | USD 200M |
| Valuation | Valuation Remains Undisclosed |
| Round | Series D |
| Investors | Daishin Securities (https://eng.daishin.com/group/en/company/intro/overview.html) Gly Capital Management (https://glycm.com/) Ischyros New York (https://www.ischyrosnewyork.com/) Shinhan Investment (http://www.shinhangroup.com/en/introduce/groupIntroduce1_03.jsp) |
| Sectors | Electronics |
Who invested in Nexeon?
The Series D was funded by Daishin Securities, Gly Capital Management, Ischyros New York, and Shinhan Investment. The investor mix is notably international, combining South Korean financial institutions — Daishin Securities and Shinhan Investment — with Western capital allocators, reflecting broad cross-border conviction in silicon anode technology. This geographic diversity of backers signals strategic interest from markets where battery supply chains and electric vehicle adoption are accelerating rapidly.
What does Nexeon do?
Nexeon is a UK-based materials science company specialising in silicon-based anode materials for lithium-ion batteries. Its flagship product, NSP2™, is engineered to replace conventional graphite anodes, delivering meaningfully higher energy density and faster charging characteristics for applications in electric vehicles and consumer electronics. Founded in 2006 as a spin-off from Imperial College London, Nexeon is headquartered at Milton Park, Abingdon, Oxfordshire, United Kingdom. The company operates globally, supplying battery manufacturers and OEMs seeking next-generation cell performance.
Nexeon valuation & multiples
Explore the benchmarks: Series D.
Frequently asked questions
How much did Nexeon raise in its Series D?
Nexeon raised USD 200 million in its Series D round, announced in August 2022.
What is Nexeon's valuation?
Nexeon's valuation was not disclosed in connection with its Series D funding round.
Who invested in Nexeon?
The Series D investors were Daishin Securities, Gly Capital Management, Ischyros New York, and Shinhan Investment.
When was Nexeon founded and where is it based?
Nexeon was founded in 2006 and is headquartered at Milton Park, Abingdon, Oxfordshire, United Kingdom.
Source: original announcement — read the full report.