Nexii Building Solutions, a Vancouver, BC-based green construction company, raised CAD$45M in funding.
The round was led by Horizon Technology Finance Corporation and Trinity Capital.
The company intends to use the funds to accelerate its continued growth and manufacturing capacity in order to meet the demand for sustainable construction solutions.
Led by CEO Stephen Sidwell, Nexii Building Solutions designs and manufactures low carbon buildings and products to address the climate impact of the built environment. With buildings and construction responsible for 36% of global energy consumption and 37% of greenhouse gas emissions annually, sustainable and scalable solutions are needed for net zero carbon buildings. With its material Nexiite, Nexii enables the rapid assembly of high-quality buildings and infrastructure with reduced end-to-end carbon emissions, near zero waste and less disruption to the community.
Nexii building products have been used in projects for clients including Starbucks, Popeyes and Marriott; earlier this year, the company opened its first manufacturing plant in the United States. Nexii also this year announced a partnership with Siemens: together, the companies created and patented an electric-vehicle charger prototype that will make installing EV chargers faster, more cost-effective and with reduced environmental impacts.
The round raises Nexii’s current valuation to C$2.05 billion.