Nexii Valuation, Funding & Investors

Nexii is valued at $1.6B as of July 2022.

See full Nexii profile

Last Nexii valuation

$1.6B

Undisclosed stage · Jul 2022

Last Nexii funding round

$35M

Undisclosed stage · Jul 2022

Cumulative funding Nexii raised

$113M

across 3 funding rounds

Nexii Overview

About Nexii

Nexii is a Calgary-headquartered green construction technology company producing carbon-negative building panels for multi-story structures. Its Deterra panels enable up to 90% faster assembly than traditional methods while reducing embodied carbon by 85% through cement-free composition. Deployed in projects like the six-story Nexii Canada House in Edmonton, the technology supports residential, commercial, and hospitality developments in Canada, the United States, and Europe.


Founded

2019

HQ

CanadaVancouver

Website

nexii.com

Status

Privately held

Customer focus

B2B

Revenue model

Product sales

Valuation

$1.6B (Jul 2022)

Nexii Valuation

Nexii is currently valued at $1.6B, based on its undisclosed-stage round in July 2022.

The $35M round was led by Horizon Tech Finance and Trinity Capital.

Nexii's valuation has grown 3.5x from $453M at its undisclosed-stage round in January 2021 to $1.6B in July 2022, across 3 priced rounds.

Nexii valuation by funding round

Nexii valuation by funding round
DateStageValuation
Jul 2022Undisclosed stage$1.6B
Sep 2021Undisclosed stage$1.2B
Jan 2021Undisclosed stage$453M

Nexii Funding History

Nexii has raised a total of $113M across 3 funding rounds.

Nexii's first fundraising round was a $33M undisclosed-stage round in January 2021. The most recent completed round was a $35M undisclosed-stage round in July 2022.

Nexii funding rounds

Nexii funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jul 2022Undisclosed stageHorizon Tech Finance (lead); Trinity Capital (lead)$35M$1.6BNexii Building Solutions is a Vancouver-based green construction company specializing in low-carbon, sustainable building systems and materials, including its proprietary Nexiite, a lightweight alternative to conventional concrete that reduces embodied carbon by 31%, cuts construction waste to near-zero, accelerates build times, and lowers emissions. The company manufactures panels offsite for rapid onsite assembly, targeting surging demand in retail, hospitality, and other sectors with projects for brands like Starbucks, Marriott, Popeyes, A&W, and retail banks. On July 12, 2022, Nexii announced a C$45 million (US$35 million) funding round led by Horizon Technology Finance Corporation and Trinity Capital Inc., raising its valuation to C$2.05 billion (approximately US$1.6 billion), following unicorn status achieved the prior year as Canada's fastest to reach $1 billion. Sources describe this as an additional round after prior commitments, including Horizon and Trinity's earlier $40 million in venture loans, with the new funds allocated to accelerate growth, expand manufacturing capacity, and build facilities in Canada and the U.S., such as recent openings and planned sites in Dallas, Pittsburgh, and Vancouver Island. Nexii had acquired Omicron, a major Western Canadian design and construction firm, the previous summer, supporting its expansion. Investors highlighted Nexii's progress in innovative, efficient, environmentally conscious solutions amid industry challenges like high emissions (construction accounts for 37% globally per IEA). This followed Horizon and Trinity's original support, positioning Nexii for worldwide delivery of sustainable technology, with later references to a $34.67M Loan - II on July 13, 2022. Nexii's traction includes winning projects with global brands and operational scaling through multiple plants.
Sep 2021Undisclosed stageHoneywell (lead); Trane (lead)$45M$1.2BNexii Building Solutions, a Vancouver-based construction technology company founded in 2019 by Ben Dombowsky and Michael Dombowsky, develops sustainable building systems using its proprietary Nexiite material to create precision-manufactured panels that enable rapid assembly, reduce construction timelines, lower costs, and minimize environmental impact from materials to operations. The company targets energy-efficient, fire-resistant structures aligned with sustainability goals in the building sector. In September 2021, Nexii raised C$45 million (approximately $33 million USD) in a Series B round led by Honeywell Ventures and Trane Technologies, with the financing valuing the company at $1.23 billion USD (C$1.55 billion), marking its unicorn status. This round followed a Series A in 2020 and preceded debt financings, with total funding reaching over $136 million across multiple rounds by 2022. Investors included corporate ventures from Honeywell and Trane, focused on HVAC and building technologies, alongside debt providers like Horizon Technology Finance and Trinity Capital. Nexii operated in a competitive construction tech landscape with players like EquipmentShare and Infra.Market, emphasizing proptech for greener builds.
Jan 2021Undisclosed stage-$33M$453MNexii Building Solutions Inc. is a Vancouver-based green construction technology company specializing in sustainable, durable, cost-efficient, and disaster-resilient building solutions. Its innovative building system and material, Nexiite, serves as a low-carbon alternative to conventional concrete, reducing construction waste to near-zero, accelerating build times, and lowering embodied and operational carbon emissions. Nexii's products are suitable for industrial, commercial, institutional, mixed-use, multi-family residential, single-family homes, and retrofit projects, undergoing third-party testing for strength, durability, and structural integrity. On January 26, 2021, Nexii announced its fourth funding round of nearly $33M CAD ($25M USD), closed in fall 2020, bringing total funding raised to over $66M CAD ($52M USD). The round valued the company at $620M CAD ($484M USD) post-money. Funds were allocated to expedite the opening of a production facility in Squamish, B.C., expand its manufacturing partner program, and advance product innovation. New board members included F. William McNabb, former CEO of Vanguard, and Dr. Ronald Sugar, Chairman of Uber. At the time, Nexii operated one fully operational plant in Moose Jaw, Saskatchewan, with three new facilities in development in British Columbia, Alberta, Ontario, Canada, and one in Pennsylvania, U.S. Clients included major brands like Starbucks, Popeyes, and A&W Restaurants, reflecting strong demand for its sustainable solutions amid growing market needs for green buildings.

Who has invested in Nexii?

4 investors have backed Nexii across its funding rounds, including Trinity Capital, Honeywell, Horizon Tech Finance and Trane.

Lead investors include Horizon Tech Finance, Trinity Capital, Honeywell and Trane.


Nexii Investors

Investors in Nexii by funding rounds participated
InvestorHQRoundsRoleFirst check
TraneUnited StatesCharlotte, NC1LeadSep 2021
Trinity CapitalUnited StatesPhoenix, AZ1LeadJul 2022

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Acquisitions by Nexii

Nexii has acquired 1 company to date.

Last acquisition by Nexii was on July 8th 2021. Nexii acquired Omicron for $16M.


Latest Acquisitions by Nexii

Omicron
Description
-
HQ CountryCanada
HQ City
-
Deal Date8 Jul 2021
Valuation$16M
EV/Revenue
EV/EBITDA

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Nexii Competitors

Nexii competitors include listed companies like Borregaard and Hydrograph Clean Power, and private ones like NextChem, Radiant, 1Komma5° and Zume.

Public and private companies comparable to Nexii
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
BorregaardNorwayNorwayPublicly listed$807M$169M$1.6B2.2x
NextChemItalyVenicePrivate$569M$141M$1.4B2.5x
RadiantUnited StatesLos Angeles, CAPrivate--$1.8B-
1Komma5°GermanyGermanyPrivate$598M-$1.4B-
Hydrograph Clean PowerCanadaCanadaPublicly listed$43K($8M)$1.4B-
ZumeUnited StatesLos Angeles, CAPrivate--$1.9B-

Nexii Public Comps

Nexii is still privately-owned, but its public comps include Borregaard, LU-VE, Tecnoglass, Ariston Holding, Ygsoft, Forbo Holding, SHO-BOND Holdings Co, Volution Group, BOXABL and Longshine Technology.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Borregaard$807M$169M2.2x2.2x10.7x9.4x
LU-VE$695M$97M2.4x2.2x17.4x14.9x
Tecnoglass$984M$275M1.8x-6.4x-
Ariston Holding$3.1B$350M0.7x0.7x6.6x5.9x
Ygsoft$387M$71M3.8x3.9x20.6x21.4x
Forbo Holding$1.3B$167M1.2x1.2x9.9x9.4x
SHO-BOND Holdings Co$583M$145M2.5x2.6x10.0x10.6x
Volution Group$563M$117M3.4x3.0x16.5x11.7x

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Common questions about Nexii

When was Nexii founded?Nexii was founded in 2019.
Where is Nexii headquartered?Nexii is headquartered in Vancouver, Canada.
Is Nexii publicly listed?No, Nexii is a private, VC-backed company.
What is Nexii's valuation?Nexii was last valued at $1.6B in its undisclosed-stage round in July 2022.
How much funding has Nexii raised?Nexii has raised $113M across 3 funding rounds.
What was Nexii's last funding round?Nexii's last funding round was a $35M undisclosed-stage round in July 2022, led by Horizon Tech Finance and Trinity Capital.
Who are Nexii's investors?Nexii's investors include Trane, Trinity Capital, Horizon Tech Finance and Honeywell.
Which companies are comparable to Nexii?Companies comparable to Nexii include Borregaard, NextChem, Radiant, 1Komma5°, Hydrograph Clean Power and Zume.
How many companies has Nexii acquired?Nexii has acquired 1 company, including Omicron.
What was the largest acquisition by Nexii?The $16M acquisition of Omicron in July 2021 is the largest acquisition Nexii has made to date.

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