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

New funding: Nexii — a Vancouver, B.C. startup with the distinction of remaining Canada’s quickest company to ascend from launch to unicorn standing — has raised a new $35 million round. The organization mentioned that its recent valuation is just about $1.6 billion.

The funding round was led by Horizon Know-how Finance and Trinity Money. The business previously elevated $45 million in September 2021.

The technology: Nexii’s buildings lessen building waste and have a lesser carbon footprint in their develop and operation. The company has designed Nexiite, a environmentally friendly substitute to concrete, which is usually built in a carbon-intense approach.

In February, the startup introduced that it was opening its first U.S. producing web page in Pennsylvania. Its prospects contain Starbucks, Popeyes and Marriott. Nexii also shared news this 12 months that in partnership with Siemens it experienced formulated an electric powered automobile charging prototype that employs Nexiite.

Local climate impacts: Nexii building and creating materials have a 31% lesser carbon footprint than conventional methods working with metal and standard concrete, according to the business and a third-get together existence cycle evaluation.

“Nexii is element of this wave of modify to make the [construction] sector additional productive and inexperienced and inexpensive,” said Gregor Robertson, executive vice president of strategy and partnerships, in an before GeekWire interview.