# Nexeon

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/nexeon

- Industry: Energy Storage & Batteries
- Headquarters: Abingdon, UK
- Website: www.nexeon.co.uk
- Total disclosed funding: $138M
- Latest round: Series D (Jul 29, 2022)
- Investors on record: 6

## About

Based in Abingdon, UK, founded in 2006, Nexeon Limited focuses on providing innovative silicon anode solutions. The company was co-founded by Paul Atherton and Mino Green while Scott Brown serves as a CEO, as of 2026. In September 2026, Nexeon Limited raised GBP 100 million in venture funding led by National Wealth Fund, with participation from Korea Development Bank and Honda Innovations.

Nexeon specializes in silicon-based anode materials, notably NSP2™, designed as a direct replacement for graphite in lithium-ion batteries. This innovation is expected to significantly improve battery efficiency, addressing the needs of electric vehicle manufacturers, consumer electronics firms, and energy storage providers across North America, Europe, and Asia.

In the most recent fiscal year 2023, Nexeon reported revenue of USD 6,361,484.30 with an EBITDA of USD -17,014,544.80, reflecting the company's operational dynamics in the competitive battery materials market.

The company will use the funding to accelerate a materials technology that sits upstream in the electric vehicle battery value chain, the financing is explicitly intended to support local high-volume manufacturing capability, create skilled jobs and reduce reliance on overseas supply for advanced battery components.

## Funding rounds

- Series D, Jul 29, 2022, $50M — Daishin Private Equity, Shinhan Securities, GLY Capital
- Series C, Jul 29, 2011, $65M — Touchstone Innovations
- Series B, Feb 10, 2009, $14M — Touchstone Innovations
- Series A, Aug 1, 2007, $8.5M — Touchstone Innovations, The Tudor Group, PUK Ventures

## Investors

- Touchstone Innovations (https://capitalatlas.ai/funds/touchstone-innovations) — Series A, Series B, Series C
- The Tudor Group — Series A
- PUK Ventures (https://capitalatlas.ai/funds/puk-ventures) — Series A
- Daishin Private Equity (https://capitalatlas.ai/funds/daishin-private-equity) — Series D
- Shinhan Securities (https://capitalatlas.ai/funds/shinhan-securities) — Series D
- GLY Capital (https://capitalatlas.ai/funds/gly-capital) — Series D