- The funding will be used to accelerate Nexii’s continued growth and manufacturing capacity
- The round increases Nexii’s current valuation to C$2.05 billion
- Nexii’s clients include Starbucks, Popeyes and Marriott
Vancouver-based Nexii Building Solutions, a green construction startup, has raised $35 million (C$45 million) in follow-on financing. Horizon Technology Finance Corp and Trinity Capital led the round.
The funding will be used to accelerate Nexii’s continued growth and manufacturing capacity.
The round increases Nexii’s current valuation to C$2.05 billion.
“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 A. Michaud, president of Horizon, in a statement. “We are excited to add to our support of Nexii as it continues its strong growth trajectory.”
Nexii’s building products have been used in projects for clients including Starbucks, Popeyes and Marriott. Earlier this year, Nexii opened its first manufacturing plant in the U.S. 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, more cost-effective and with reduced environmental impacts.
Horizon Technology Finance Corp is a specialty finance company that provides capital in the form of secured loans to venture capital backed companies in the technology, life science, healthcare information and services, and sustainability industries. Headquartered in Farmington, Connecticut, Horizon also has regional offices in Pleasanton, California and Reston, Virginia.
Trinity Capital is a specialty lender.