Nexa Equity, a San Francisco-based private equity firm focused on investing in lower-middle market application software and fintech businesses, today announced the successful closing of its inaugural fund, Nexa Equity Fund I, L.P. (the “Fund”), with more than $180 million in capital commitments. The Fund received substantial support from leading university endowments, foundations, investment advisers, fund-of-funds, family offices, entrepreneurs, private equity leaders and other financial institutions. 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, a software and fintech investor who previously led a number of high-profile buyout investments and exits at Insight Partners and Thoma Bravo. Since founding 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.
Nexa Equity’s mandate is to back rapidly scaling software and FinTech companies that are revolutionizing the way their industries use and access technology. To date, Nexa Equity has completed five platform investments and five add-ons in highly attractive end markets. The firm places a heavy emphasis on enabling founders and management teams to retain meaningful equity in their businesses after a transaction. Nexa Equity’s current portfolio includes:
- AutoReturn: A strategically positioned SaaS towing and parking enforcement platform with prominent local and state government clients in the U.S. and abroad.
- Choice: A scaling FinTech company catering to software companies, merchants, and ISOs.
- HomeTown: A fast growing provider of events management and ticketing software for K-12 schools, universities and associations.
- Leap: A highly strategic all-in-one business management and sales enablement suite for home remodelers.
- Storewise: A differentiated provider of retail automation software for independent grocery stores across the United States.
Vlad Besprozvany, Founder and Managing Partner at Nexa Equity, stated, “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.”
Kirkland & Ellis LLP served as legal counsel to Nexa Equity, and FirstPoint Equity served as placement agent.
About Nexa Equity
Nexa Equity is a San Francisco, California based private equity firm that partners with founder-led, rapidly scaling SaaS and fintech companies that address markets underserved by technology to create enduring value for the benefit of its investors and portfolio companies. The firm has more than $330 million in private equity capital under management and is focused on continuing to grow its portfolio of companies. The Nexa Equity team brings substantial investing and operational experience to the table and helps management teams professionalize and scale their businesses while driving long-term sustainable growth. For more information, please visit www.nexaequity.com.
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