New funding: nexii, a Vancouver, British Columbia based start-up known as Canada’s fastest company to rise from a listed company to Unicorn status, has raised a new round of funding of $35million. The company said its current valuation was close to $1.6 billion.
This round of financing is led by horizon technology finance and Trinity capital. The company previously raised $45million in September 2021.
Technology: nexii’s buildings reduce construction waste and have a smaller carbon footprint in construction and operation. The company has developed nexite, a green concrete alternative that has traditionally been manufactured using carbon intensive processes.
In February this year, the start-up announced that it would open its first manufacturing plant in the United States in Pennsylvania. Its customers include Starbucks, Bobby and Marriott. Nexii also shared a message this year that it has cooperated with Siemens to develop an electric vehicle charging prototype using nexiite.
Climate impact: according to the company’s and third-party life cycle assessment, the carbon footprint of nexii buildings and building materials has been reduced by 31% compared with the traditional methods using steel and traditional concrete.
“Nexii is part of this wave of change aimed at making the [construction] industry more efficient, greener and affordable,” said Gregor Robertson, executive vice president of strategy and cooperation