Nexii Raises $35 Million at $1.5 Billion Valuation

Nexii is a manufacturer of modular building systems. The business system and material, Nexiite, is a sustainable alternative to conventional concrete. It cuts construction waste to near-zero, slashes carbon emissions, and accelerates delivery schedules. Nexii claims that buildings it constructs have 31% less embodied carbon than conventional construction materials.

The funding round was led by Horizon Technology Finance Corporation and Trinity Capital. “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. Money raised will be used for the acceleration of Nexii’s growth and manufacturing capacity to meet the demand for sustainable construction solutions

Nexii, Vancouver, Canada, was founded by Ben Dombowsky and Michael Dombowsky in 2020. Nexii offers provides business solutions for commercial, industrial, institutional, mixed-use, high-rise cladding, single-family, multi-family, and retrofit projects. The company facilitates the whole process of building. Among clients are Starbucks, Marriott, and Popeyes. This year, Nexii opened its first plant in the USA. Besides, the company announced a partnership with Siemens – 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. With the recent round, the company entered the unicorn club.

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