Xendee - About the company
Xendee is a series A company based in San Diego (United States), founded in 2012 by Adib Nasle and Scott Mitchell. It operates as a Provider of software for microgrid design, modeling, and operation services. Xendee has raised $20M in funding from Anzu Partners. The company has 18 active competitors, including 3 funded and 4 that have exited. Its top competitors include companies like CleanSpark, QPV and Frequenz.
Company Details
Provider of software for microgrid design, modeling, and operation services. The software facilitates the design and operation of distributed energy resource projects. It combines economic and one-line diagram modeling with regulatory constraints and energy pricing. The company also offers modeling and engineering services.
- Website
- xendee.com
- Social
Key Metrics
Founded Year
2012
Location
San Diego, United States
Stage
Series A
Total Funding
$20M in 2 rounds
Latest Funding Round
Investors
Ranked
2nd among 18 active competitors
Employee Count
25 as on Jun 30, 2026
Similar Companies
Legal entities associated with Xendee
Xendee is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Xendee Corporation CIN: 35-2633070 , United States, Active | Jun 14, 2018 | - | 10 (As on Dec 31, 2021) | - |
XENDEE CIN: 352633070 , United States, Active | Dec 31, 1999 | - | 10 (As on Dec 31, 2021) | - |
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Xendee's funding and investors
Xendee has raised a total funding of $20M over 2 rounds. Its first funding round was on Dec 08, 2021. Its latest funding round was a Series A round on Jun 15, 2022 for $*****. 4 investors participated in its latest round. Xendee has 5 institutional investors.
Here is the list of recent funding rounds of Xendee:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jun 15, 2022 | 4161891 | Series A | 3965595 | 2900892 | 2192256 | 7647085 |
Dec 08, 2021 | 2601348 | Series A | 1355956 | 3879084 | 9586744 | 2403863 |
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Xendee's founders and board of directors
Founder? Claim ProfileHere are the details of Xendee's key team members:
- Adib Nasle: Co-Founder & CEO of Xendee. Contact Info: 1 email address
- Scott Mitchell: Co-Founder of Xendee. Contact Info: 1 email address
View details of Xendee's Founder profiles and Board Members
Xendee's employee count trend
Xendee has 25 employees as of Jun 26. Here is Xendee's employee count trend over the years:
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Xendee's Competitors and alternates
Top competitors of Xendee include CleanSpark, QPV and Frequenz. Here is the list of Top 10 competitors of Xendee, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  CleanSpark 2008, San Diego (United States), Acquired | Provider of microgrid optimizer software solutions | $2.85M | 65/100 | |
2nd | Xendee 2012, San Diego (United States), Series A | Provider of software for microgrid design, modeling, and operation services | $20M | 54/100 | |
3rd | Provider of solar energy based consultancy and engineering services | - | 42/100 | ||
4th | Developer of a platform for managing decentralized energy resources efficiently | $12.9M | 39/100 | ||
5th | Go Electric 2011, Anderson (United States), Acquired | Micro grid management system and UPS | $8.06M | 33/100 | |
6th |  Brightmerge 2018, Tel Aviv (Israel), Funding Raised | Offering a SaaS platform for economic optimizing of renewable energy microgrids | - | 32/100 | |
7th |  Sigora International 2015, Chicago (United States), Seed | Provider of smart micro grid platform and smart meters | $2.85M | 31/100 | |
8th | _1576576445322.png?devicePixelRatio=2&height=30&width=30){kind=logo} energenious Berlin (Germany), Funding Raised | Provider of hardware and software solutions for decentralized microgrids | - | 30/100 | |
9th | HOMER Energy 2009, Boulder (United States), Acquired | Decision analysis tool for microgrids | - | 28/100 | |
10th | The Energy Group 1995, Fort Lauderdale (United States), Unfunded | Provider of solutions for micro grid management | - | - | 26/100 |
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Xendee's Investments and acquisitions
Xendee has made no investments or acquisitions yet.
Reports related to Xendee
Here is the latest report on Xendee's geography:
News related to Xendee
Filter this listMedia has covered Xendee for 1 event in last 1 year, It was about partnerships.
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Eaton and Xendee Partner on AI-Powered Microgrid Optimization for Energy SavingsFinancial Post•Sep 08, 2025•Eaton, Xendee
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Former HOMER Energy CEO and Founder Peter Lilienthal Joins Xendee as an AdvisorBusiness Wire•Dec 05, 2024•Xendee, HOMER Energy
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NEOM Enters the Next Phase of Development With the Help of XendeeBusiness Wire•Aug 22, 2024•Xendee, Neom
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Xendee’s Adaptive Microgrid Control Technology Achieves 79.4% Operational Cost SavingsBusiness Wire•Jul 23, 2024•Xendee
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AlphaStruxure SVP and Chief Technology Officer Steve Pullins Joins Xendee's Board of AdvisorsBusiness Wire•Apr 20, 2023•Xendee
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Former Saft Go Electric CEO and President Lisa Laughner Joins Xendee's Board of AdvisorsBusiness Wire•Apr 05, 2023•Xendee, Saft
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Schneider Electric Former Senior Vice President and CTO Barry Coflan Joins Xendee's Board of DirectorsBusiness Wire•Mar 16, 2023•Xendee
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