Green construction technology company Nexii has raised $33 million in its fourth round of funding.
Nexii is committed to tackling the global environmental crisis by accelerating the supply of more sustainable and durable buildings. The company’s innovative green technologies allow for the rapid development of sustainable, cost-efficient, durable and disaster-resilient buildings.
The funds will be used to expedite the opening of its production facility in Squamish, expand its manufacturing partner program, and continue product innovation and development.
Last year Nexii constructed a first-of-its-kind sustainably built Starbucks drive thru store in Canada. Located in Abbotsford, the sustainably constructed Starbucks café was built using Nexii’s revolutionary green construction technology, which is designed to reduce the store’s carbon emissions by approximately 30%.
“The construction sector has a staggering effect on the environment and is just at the brink of a new revolution in green technology,” said Stephen Sidwell, CEO of Nexii.
“Not only must we consider the construction or retrofitting of a building, but also the environmental costs of ongoing maintenance. Our material technology and building systems are a huge step forward in reducing climate pollution and we are motivated by the opportunity to be a driving force in the green economy. We are grateful to our investors, partners, customers and employees who are on our journey to reinvent the way the world builds.”
This recent round of funding values Nexii at $620 million.