Today's News

Vancouver, BC, July 14, 2022--(T-Net)--Nexii Building Solutions, a green construction company based in Vancouver, today announced $45 million in financing led by Horizon Technology Finance Corporation and Trinity Capital Inc.

This round of funding raises Nexii's current valuation to $2.05 billion. Last year, Nexii became the fastest Canadian company to ever reach unicorn status (companies with valuations of US$1 billion or more).

The funds will help accelerate Nexii's continued growth and manufacturing capacity in order to meet surging demand for sustainable construction solutions. The company's building system and material Nexiite, a sustainable alternative to conventional concrete, cuts construction waste, reduces build times and lowers both the embodied and operational carbon of buildings.

"We are very thankful for Horizon and Trinity's continued partnership with Nexii," said Stephen Sidwell, Co-founder and Chief Executive Officer of Nexii. "Our revolutionary green building solutions are enabling us to win new projects with some of the largest global brands, and with Horizon and Trinity's expanded support, we are well situated for continued growth and to deliver our sustainable construction technology worldwide."

Gerald A. Michaud, President of Horizon Technology Finance Corporation

"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. "We are excited to add to our support of Nexii as it continues its strong growth trajectory."

Nexii 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 United States. Nexii also announced a partnership with Siemens, creating and patenting an electric-vehicle charger prototype intended to make installing EV chargers faster, more cost-effective and with reduced environmental impacts.

Ron Kundich, Chief Credit Officer of Trinity Capital

"The Nexii team continues to make significant progress with their planet-friendly building solutions, and we are excited to increase our commitment to this rapidly growing company," said Ron Kundich, Chief Credit Officer of Trinity Capital.

About Nexii

Nexii Building Solutions Inc. (Nexii) designs and manufactures low carbon buildings and products to address the climate impact of our built environment. With buildings and construction responsible for 36% of global energy consumption and 37% of greenhouse gas emissions annually, sustainable and scalable solutions are urgently needed for net zero carbon buildings. With Nexii's breakthrough material Nexiite, Nexii enables the rapid assembly of high-quality buildings and infrastructure with reduced end-to-end carbon emissions, near zero waste and less disruption to the community. Sustainability is core to Nexii's mission to build a vibrant future for people and planet.