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Nexii brings in funding and new board members

DCN-JOC News Services
Nexii brings in funding and new board members
NEXII — A crew with Nexii assembles a panel made with Nexiite, a proprietary green construction material. The company recently announced significant funding milestones and new board members.

VANCOUVER — Green construction technology company Nexii is attracting big names and big money.

The company recently announced it had raised $33 million in its fourth round of funding, has been valued at up to $620 million and has raised more than $66 million in total funding.

Some of the company’s investors include F. William McNabb, a former chairman and CEO of Vanguard; and Ryan Holmes, a co-founder and former CEO of Hootsuite and Lotus Capital Corp.

McNabb will be doing more than investing in Nexii. The company also announced that he will be joining its board of directors as vice-chairman.

“Nexii’s approach to tackling the climate crisis and reinvigorating economies with green technology is exactly where we need to be right now,” said McNabb in a media release. “Facing a global pandemic, devastating hurricanes, fires and floods, amidst a housing crisis with tens of thousands of buildings needing critical retrofitting, we need innovative companies like Nexii to pave the way forward.”

Also joining the board is Ronald Sugar, chairman of Uber Technologies and board director at Apple.

Nexii is looking to shake up the construction sector with its proprietary building material, Nexiite. They believe their material and methods could have a massive impact on reducing waste.

The building solution is comprised of the proprietary low-carbon material which is combined with the Nexii design and assembly process.

Currently, Nexii has one fully operational plant in Moose Jaw, Sask. with three new production facilities being planned for B.C., Alberta and Ontario. The company is also looking to build a plant south of the border In Pennsylvania.

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