Nexion Group eyes M&A with $21M funding
Cloud provider Nexion Group secured $21 million from Parc Capital to pursue acquisitions, starting in New Zealand. The piece recalls its ASX listing, an earlier merger, and the founders' recent departure.
Company
Perth, WA
Every investor coverage indicates participated in a round Nexion Group raised.
The transaction that ended Nexion Group's run as a startup, per published coverage. It closes the funding history too, where it is the ladder's last rung.
| Bought by | Kind | Announced | Price | Sources |
|---|---|---|---|---|
| - | IPO | 18 Feb 2021 | $22.3m | ARN (ARNnet) (Fri 12 May 2023), ARN (ARNnet) (Tue 16 Feb 2021) |
Companies Nexion Group acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Name | Role | Sources |
|---|---|---|
| Kevin Read | COO (former) | ARN (ARNnet) |
| Paul Glass | CEO (former) | ARN (ARNnet) (Fri 12 May 2023), ARN (ARNnet) (Tue 16 Feb 2021) |
| Peter Christie | Chairman | ARN (ARNnet) |
| Peter Christie | Executive Chairman and Interim Group CEO | ARN (ARNnet) |
Stories naming Nexion Group. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Cloud provider Nexion Group secured $21 million from Parc Capital to pursue acquisitions, starting in New Zealand. The piece recalls its ASX listing, an earlier merger, and the founders' recent departure.
Perth hybrid cloud provider Nexion Group begins ASX trading under ticker NNG on 18 February, after a prospectus offer of 40 million shares at 20 cents raised $8 million.
Also ARN (ARNnet)