Vancouver, September 08, 2021 (GLOBE NEWSWIRE) – (Vancouver / Unceded Territories of Musqueam, Squamish and Tsleil-Waututh Nations) – Canadian green building technology company, Nexii Building Solutions Inc. (Nexii), today announced that it has achieved unicorn status[1] in less than thirty-one months. This makes Nexii the fastest company to reach this milestone in Canadian history. To date, Nexii’s total capital raised stands at over US $ 109 million (C $ 125 million) with a post-money valuation on its latest raise of US $ 1.23 billion (1, C $ 55 billion).
Nexii designs and manufactures innovative high performance buildings and green building products that are sustainable, cost effective and resilient in the face of climate change. Its construction solutions have a lower carbon footprint with 20-33%[2] less carbon incorporated, uses 33% less energy and 55% less heating energy.
The company’s sustainable products use a revolutionary building material, Nexiite, which has properties comparable to concrete but does not contain Portland cement or lime, significantly reducing end-to-end carbon emissions. Nexiite is made from a proprietary blend of readily available ingredients, free from ILFI Red List toxicants, and is used to create Nexii panels for use in commercial, industrial and residential buildings. The Nexii system dramatically reduces construction times, enabling the rapid development of sustainable buildings across North America.
“At Nexii, we’re incredibly proud of how far we’ve come since we launched as a small startup in Moose Jaw, Saskatchewan in 2019,†said Nexii CEO Stephen Sidwell. “Today, we have expanded our business to eight manufacturing plants in operation or in development across North America. We have global leaders on our board of directors, incredible investors, technology partners and a team of over 300 people, all committed to our mission to change the construction industry, by delivering sustainable building solutions from high performance in every industry and in every region of the world. ”
Nexii’s growth plans have recently been bolstered by a number of leading partnerships, including naming Honeywell its exclusive building technology provider, working with Trane Technologies to create sustainable commercial buildings with a dramatically reduced carbon footprint. and, most recently, partnering with Siemens to advance the rapid delivery of a high performance total construction solution. Actor Michael Keaton has also partnered with Nexii to bring a Nexii manufacturing plant to Pittsburgh, Pa., While Super Bowl MVP Joe Flacco supports opening a plant in Hazleton, Pa. . Jason F. McLennan, who was named World Changer by GreenBiz, is also Nexii’s impact architect.
Gregor Robertson, former mayor of Vancouver and now executive vice president of Nexii, explains: “Never before has the work we do at Nexii been so important. Buildings and construction account for 39% of global climate pollution[3] make industry the primary driver of the climate crisis[4]. To help solve this problem, we need to address the challenge of emissions from buildings and construction. That’s what we do at Nexii, and that’s why such amazing partners are drawn to work with us.
Nexii is also announcing today its new member of the Board of Directors: David S. Taylor, currently Chairman of the Board, President and CEO of P&G. Effective November 1, 2021, Taylor will assume the new role of Executive Chairman of P&G. By joining the Nexii Board of Directors, Taylor will bring his extensive experience to support Nexii in its expansion across North America, with a view to future international expansion.
“I have always been a firm believer in the power of innovation to create meaningful change,†Taylor said. “This is exactly what Nexii is doing today: reinventing the way the world is built so that we can significantly reduce climate impacts on our planet. Taylor continued, “I am delighted to help the Nexii team develop its revolutionary products and develop sustainable construction in North America and eventually the world. ”
As a member of the Nexii Board of Directors, Taylor joins an impressive team that includes Dr. Ronald Sugar, Chairman of Uber and Director of the Board of Apple; Bill McNabb, former president and CEO of Vanguard; and Mike Roberts, former global president and chief operating officer of McDonald’s.
To date, Nexii panels have been used in industrial and commercial rental units, single storey commercial buildings and retrofit projects, as well as high performance envelope systems and residential buildings. Recent projects include an energy-saving exterior building envelope for a Courtyard Marriott; a one-of-a-kind, sustainably-built Starbucks built in six days and reducing store emissions by 30%; and projects for clients such as Popeyes and A&W Restaurants.
Nexii is revitalizing the construction industry with technology, innovation and sustainable building solutions. To learn more about Nexii and their journey so far, visit www.nexii.com.
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About Nexii
Nexii Building Solutions Inc. (Nexii) is a green building technology company committed to building a vibrant future for people and the planet. Nexii designs and manufactures high performance buildings and green building products that are sustainable, cost effective and resilient in the face of climate change. The Nexii system also dramatically reduces construction times, enabling the rapid development of green buildings across North America. Nexii is suitable for industrial / commercial / institutional, mixed-use, multi-family and single-family residential homes, as well as the green renovation market. For more information, visit www.nexii.com, or connect with us on Instagram (@NexiiBuilds), Twitter (@NexiiBuilds) or on LinkedIn (Nexii Building Solutions).
Footnote:
[1] unicorn status is a term used to define a startup that has a valuation of $ 1 billion or more.
[2] Nexii walls have 20% to 33% less embedded carbon than concrete walls, 43% less embedded carbon than a steel framed wall, and ornamental panels can achieve 63% reduction in embedded carbon compared to precast concrete
[3]United Nations Global Environment Report 2019; EIA International Energy Outlook 2019
[4]]Stewart E, Pugh G, Jordan M. Buildings are an ideal but overlooked climate solution. World Resources Institute. https://www.wri.org/blog/2019/11/buildings-are-ideal-overlooked-climate-solution/. Posted on November 11, 2019. Accessed March 30, 2021
