Nexant, a clean-energy consulting firm, has closed a $43 million round of funding, the company announced today. The round was led by Oak Investment Partners and Intel Capital with participation from TeleSoft and Beacon. The San Francisco-based startup raised the first $32 million of the round in July.
Nexant plans to use this latest funding for product growth and expansion. Founded in 2000, the company has completed projects for clients like electric utilities and grid operators in more than 100 countries. The firm offers consulting services and analysis software to help clients improve energy efficiency and manage power grids.
The funding from Intel Capital is part of Intel’s Invest in America Technology fund. The company announced last week that it invested $30 million in four tech companies including Nexant.