The Vancouver-based green construction firm closed a $45-million round led by Horizon Technology Finance and Trinity Capital, bringing its valuation to $2.05 billion. (The Logic)
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The Vancouver-based green construction firm closed a $45-million round led by Horizon Technology Finance and Trinity Capital, bringing its valuation to $2.05 billion. (The Logic)
Talking point: Nexii plans to use the money to grow and expand its manufacturing capacity. Last year, the company claimed to be the fastest Canadian startup to reach unicorn status, hitting a $1-billion valuation just shy of 31 months. At the time, it had raised more than $125 million with a $1.55-billion valuation. Since then, it has received $40 million in venture loans from Horizon and Trinity. According to Nexii, their lower-carbon building material, Nexiite, can be used as an alternative to wood, concrete or steel; allows for quicker builds; and near-zero construction waste.
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