Connect with us

Energy & Critical Metals

BC’s green construction unicorn Nexii raises $35M, opens U.S. manufacturing site

New funding: Nexii — a Vancouver, B.C. startup with the distinction of being Canada’s fastest company to ascend from launch to unicorn status — has…

Share this article:

Published

on

This article was originally published by GeekWire
A crane moves a section of a Starbucks cafe being built by Vancouver, B.C.-based Nexii. The climate-tech company constructs energy-efficient buildings made from less carbon-intensive materials than traditional structures. (Nexii Photo)

New funding: Nexii — a Vancouver, B.C. startup with the distinction of being Canada’s fastest company to ascend from launch to unicorn status — has raised a new $35 million round. The company said that its current valuation is nearly $1.6 billion.

The funding round was led by Horizon Technology Finance and Trinity Capital. The company previously raised $45 million in September 2021.

The technology: Nexii’s buildings reduce construction waste and have a smaller carbon footprint in their build and operation. The company has developed Nexiite, a green alternative to concrete, which is traditionally made in a carbon-intensive process.

In February, the startup announced that it was opening its first U.S. manufacturing site in Pennsylvania. Its customers include Starbucks, Popeyes and Marriott. Nexii also shared news this year that in partnership with Siemens it had developed an electric vehicle charging prototype that uses Nexiite.

Climate impacts: Nexii construction and building materials have a 31% smaller carbon footprint than conventional approaches using steel and traditional concrete, according to the company and a third-party life cycle assessment.

“Nexii is part of this wave of change to make the [construction] industry more efficient and green and affordable,” said Gregor Robertson, executive vice president of strategy and partnerships, in an earlier GeekWire interview.

electric vehicle

Share this article:

Uncategorized

ASX Large Caps: UBS calls peak in thermal coal as local shares touch 9-month high; Fed later tonight

The ASX rallied another 0.3%, touching a 9-month high Market anxiety is high as investors await the Fed’s rates decision … Read More
The post ASX Large…

Share this article:

Continue Reading
Uncategorized

Resources Top 5: ASX silver stock enters low orbit with monstrous 116m long, 1103g/t hit

Lode (ASX:LDR) surged +150% on an outstanding silver drill hit at the historic Webbs Consol project in NSW. … Read More
The post Resources Top 5: ASX…

Share this article:

Continue Reading
Uncategorized

Matsa jumps on ‘simply sensational’ gold hits at Fortitude North

Special Report: Matsa Resources has caught the eye of gold bugs with impressive results from a new reverse circulation drilling … Read More
The post…

Share this article:

Continue Reading

Trending