The raise brings the Vancouver-based green-construction firm’s valuation to $1.55 billion. The deal was led by Honeywell International, with participation from Trane Technologies, among others. The firm has raised $125 million to date.(Business in Vancouver)

Talking point: Nexii executive vice-president Gregor Robertson said the firm plans to keep growing in North America before expanding abroad. It announced plans in April to build a manufacturing plant in Pittsburgh, its second in the U.S. The company is now one of at least 10 private tech firms to reach unicorn status in B.C. since December. The club has expanded over the past year, in a province where few tech firms traditionally reach such high values. Investors and executives in the space say the influx of funding is a sign of a maturing ecosystem aided in part by federal and provincial immigration policies and a glut of capital during the pandemic. Also on Wednesday, Burnaby-based Clio, a legaltech firm and fellow unicorn, announced it bought San Francisco-based Mystacks for an undisclosed sum. The acquisition is Clio’s second since raising US$110 million in April, and another sign of B.C.’s scaling tech sector.