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

July 20, 2022No Comments2 Mins Read
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BC's green construction unicorn Nexii raises $35M, opens U.S. manufacturing site – GeekWire
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A crane strikes a bit of a Starbucks cafe being constructed by Vancouver, B.C.-based Nexii. The climate-tech firm constructs energy-efficient buildings constructed from much less carbon-intensive supplies than conventional constructions. (Nexii Picture)

New funding: Nexii — a Vancouver, B.C. startup with the excellence of being Canada’s quickest firm to ascend from launch to unicorn standing — has raised a brand new $35 million spherical. The corporate stated that its present valuation is almost $1.6 billion.

The funding spherical was led by Horizon Know-how Finance and Trinity Capital. The corporate beforehand raised $45 million in September 2021.

The know-how: Nexii’s buildings scale back building waste and have a smaller carbon footprint of their construct and operation. The corporate has developed Nexiite, a inexperienced various to concrete, which is historically made in a carbon-intensive course of.

In February, the startup introduced that it was opening its first U.S. manufacturing website in Pennsylvania. Its prospects embody Starbucks, Popeyes and Marriott. Nexii additionally shared information this yr that in partnership with Siemens it had developed an electrical automobile charging prototype that makes use of Nexiite.

Local weather impacts: Nexii building and constructing supplies have a 31% smaller carbon footprint than standard approaches utilizing metal and conventional concrete, in response to the corporate and a third-party life cycle evaluation.

“Nexii is a part of this wave of change to make the [construction] trade extra environment friendly and inexperienced and inexpensive,” stated Gregor Robertson, govt vp of technique and partnerships, in an earlier Startup interview.



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See also  How a former Microsoft researcher used AI to grow award-winning lettuce from 5,000 miles away – Startup
35M BCs Construction Green Manufacturing Nexii opens Raises Site Startup U.S Unicorn
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