Growth equity firm investing in vertical software

Nexa Equity

  • HeadquartersSan Francisco, CA S6
  • Founded2021 S2
  • Websitenexaequity.com
  • Last verifiedOctober 28, 2026

At a glance

Assets under management$1.2B (as of Oct 2026) S2
Latest fundNexa Equity Fund II, $390M (May 2025) S6
Check size$15M+ S3
Deal typesPlatform, Add-on, Minority, Growth S3
SectorsSoftware & SaaS

What Nexa Equity buys

Nexa Equity is a San Francisco growth equity firm, started in 2021 by former Insight Partners investors, that invests only in software. It looks for vertical software: products built for one industry, used as the system of record, and with a clear payback for the customer. Its target is a founder-led, capital-efficient company with $3 million to $30 million of annual recurring revenue that is growing fast. Its examples of target industries include field services, construction, grocery technology and school athletics, along with other markets where much of the work is still done by hand.

Nexa usually takes a controlling stake but will consider a minority deal, and it writes checks from $15 million to more than $100 million. It keeps a concentrated portfolio of seven to nine companies per fund. Its second fund closed at $390 million in May 2025, and the firm reports about $1.2 billion under management. Nexa buys bolt-on software companies for its platforms, so a smaller software business may also meet it as an add-on.

Recent deals

Announced in the 24 months before October 28, 2026.

DateCompanyTypeSectorSource
Aug 2026PingCxAutonomous building commissioning platform added to Facility Grid and renamed FG ValidateAdd-onSoftware & SaaSSource
Dec 2025Cedar AIStrategic growth investment in a Seattle maker of AI transportation management software for railroads and rail shippersGrowthSoftware & SaaSSource
Aug 2025Facility GridGrowth investment in a cloud commissioning and quality control software provider for constructionGrowthSoftware & SaaSSource
May 2025Nexa Equity Fund IIOversubscribed second fund closed at $390 millionFund closeSource
Mar 2025ComplianceMate and MeazureUpCombined with Storewise under a new foodservice and grocery software parent, LadleAdd-onSoftware & SaaSSource
Dec 2024SchoolfundrSchool fundraising platform merged with Hometown Ticketing to form HometownAdd-onSoftware & SaaSSource

Portfolio by sector

From the firm's portfolio page S4.

Current Portfolio

  • Autura
  • Cedar AI
  • Easy Metrics
  • Facility Grid
  • Hometown
  • Ladle
  • Leap

Past investments: Vendara

Greymont’s take

How Nexa Equity fits a seller

Nexa fits founders of software companies built for a single industry who want a hands-on partner and are open to giving up control. It is not a buyer for service businesses or for companies sized on EBITDA. A sale to Nexa usually means a majority investment, followed by new senior hires and often an add-on acquisition. At Leap and Easy Metrics the founder stayed on as CEO, while at Autura the founder moved to the board and Nexa recruited a new leadership team.

Because Nexa keeps only seven to nine companies per fund, each deal gets close attention. A founder should ask early whether Nexa expects them to keep running the company or to hand off day-to-day work. They should also ask how much of their equity they would roll and how Nexa plans to use acquisitions to reach its growth targets.

Questions owners ask

What size software company does Nexa Equity invest in?

Nexa looks for vertical software companies with $3 million to $30 million of annual recurring revenue, strong growth and capital-efficient operations. Its checks range from $15 million to more than $100 million.

Does Nexa take a majority stake?

Usually. Nexa describes itself as control-oriented but says it can do minority deals. Earlier platforms such as Leap and Storewise were majority growth investments, while Facility Grid and Cedar AI were announced as growth investments.

Does the founder stay after Nexa invests?

It depends on the founder. Nexa's company pages say the founders of Leap and Easy Metrics stayed on as CEO, while the Autura founder moved to a board seat and Nexa recruited a new executive team.

Does Nexa buy smaller software companies as add-ons?

Yes. Its companies have added PingCx to Facility Grid in August 2026, Schoolfundr to Hometown in December 2024 and Traxero to Autura in October 2024, and combined ComplianceMate and MeazureUp with Storewise to form Ladle.

Sources

  1. S1Nexa Equity home page Accessed October 28, 2026
  2. S2Nexa Equity: About us and key highlights Accessed October 28, 2026
  3. S3Nexa Equity: Partnership criteria Accessed October 28, 2026
  4. S4Nexa Equity: Our companies Accessed October 28, 2026
  5. S5Nexa Equity: News and resources Accessed October 28, 2026
  6. S6Nexa Equity Further Strengthens Founder-First Focused Team (October 27, 2025) Accessed October 28, 2026
  7. S7Facility Grid Acquires PingCx and Launches Unified Building Lifecycle Platform (August 2026) Accessed October 28, 2026
  8. S8Facility Grid Receives Growth Investment from Nexa Equity (August 13, 2025) Accessed October 28, 2026
  9. S9Nexa Equity: Autura company page Accessed October 28, 2026
  10. S10Nexa Equity: Leap company page Accessed October 28, 2026

Compiled by Greymont Advisors from public sources, including the firm’s own website and press releases. Greymont is not affiliated with Nexa Equity. Figures are as reported on the dates shown and may have changed. Request a correction

For business owners

Thinking about selling? Talk to Greymont.

We work for the buyers, so owners never pay us a fee or a share of proceeds. Find out how ready your business is in four minutes, or start a confidential conversation.

Take the Readiness Scorecard Start a Conversation