Nexa Equity – a San Francisco-based private equity firm focused on investing in lower-middle market application software and fintech businesses – announced the successful closing of its inaugural fund Nexa Equity Fund I, L.P. with over $180 million in capital commitments. This fund received substantial support from leading university endowments, foundations, investment advisers, fund-of-funds, family offices, entrepreneurs, private equity leaders, and other financial institutions. And Nexa Equity has raised an additional $150 million through deal-specific co-investment vehicles, bringing the firm’s total private equity capital under management to over $330 million.
Nexa Equity was founded in 2021 by Vlad Besprozvany, who is a software and fintech investor who previously led a number of high-profile buyout investments and exits at Insight Partners and Thoma Bravo. And since launching Nexa Equity, Besprozvany has scaled the team to 14 employees and operators. The team’s prior experience at distinguished investment firms includes Insight Partners, Thoma Bravo, Genstar Capital, K1 Investment Management, Luminate Capital, and Diversis Capital.
To date, Nexa Equity has completed 5 platform investments and five add-ons in highly attractive end markets. The firm emphasizes enabling founders and management teams to retain meaningful equity in their businesses after a transaction. And Nexa Equity’s current portfolio includes:
1.) AutoReturn – A strategically positioned SaaS towing and parking enforcement platform with prominent local and state government clients in the U.S. and abroad.
2.) Choice – A scaling FinTech company catering to software companies, merchants, and ISOs.
3.) HomeTown – A fast-growing provider of events management and ticketing software for K-12 schools, universities, and associations.
4.) Leap – A highly strategic all-in-one business management and sales enablement suite for home remodelers.
5.) Storewise – A differentiated provider of retail automation software for independent grocery stores across the United States.
KEY QUOTE:
“We are thrilled that Nexa Equity’s inaugural fund has received the support of a distinguished group of investors. We thank them for their confidence in our team and strategy and look forward to many years of continued partnership. We have built a firm dedicated to collaborating closely with founders and management teams of high-growth lower-middle market software and FinTech companies. We are excited about the many opportunities ahead and look forward to empowering additional visionary management teams as they build transformative software companies.”
— Vlad Besprozvany, Founder and Managing Partner at Nexa Equity
