Nexii Building Solutions achieved unicorn status last year following a US$45 million funding round led by Honeywell.
The Vancouver-based Nexii is a green construction tech company tackling environmental issues through sustainable building products.
The company this week announced an additional US$35 million from Horizon Technology Finance Corporation and Trinity Capital, which raises its valuation to $2 billion.
Nexii says the funds will help accelerate its continued growth and manufacturing capacity in order to meet surging demand for sustainable construction solutions.
“Since our original commitment last year, Nexii has made significant strides within the construction industry through its innovative, efficient and environmentally conscious building solutions, positioning it well to further expand its operations,” said Gerald Michaud, President of Horizon.
“The Nexii team continues to make significant progress with their planet-friendly building solutions, and we are excited to increase our commitment to this rapidly growing company,” said Ron Kundich, Chief Credit Officer of Trinity Capital.
Nexii’s breakthrough building system and material Nexiite is a sustainable alternative to conventional concrete. It aims to cut construction waste to near-zero, slash build times, and lowers the carbon of buildings.
“We are very thankful for Horizon and Trinity’s continued partnership with Nexii,” said Stephen Sidwell, Chief Executive Officer of Nexii. “Our revolutionary green building solutions are enabling us to win new projects with some of the largest global brands, and with Horizon and Trinity’s expanded support, we are well situated for continued growth and to deliver our sustainable construction technology worldwide.”
Nexii also this year announced a partnership with Siemens: together, the companies created and patented an industry-first electric-vehicle charger prototype that will make installing EV chargers faster and more cost-effective with reduced environmental impacts.
Last year, Nexii built a sustainable Popeyes in Abbotsford in two weeks.
Nexii was founded in 2019 in Moosejaw and quickly became Canada’s fastest-to-Unicorn startup.
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