Please turn your device to portrait.
Start-up raises additional CAD$155 million to become ‘rising star’ in modular construction.
Based in Vancouver, Nexii Building Solutions (Canadian modular construction) are acknowledged as a rising star in carbon neutral modular construction, combining a patented modular system utlising 3D modelling software and third-party verification of its sustainability metrics.
Founded by entrepreneur Stephen Sidwell in late 2018, Nexii became the fastest company in Canadian history to reach a valuation of more than CAD$1 billion, doing so in 31 months. Having recently completed its seventh round of funding, the modular construction start-up has raised more than 200 million Canadian dollars.
Nexii’s patented building system involves the mass production of prefabricated panels for use in walls, floors, and roofs in an off-site factory, followed by on-site assembly. Besides software, the company relies on augmented reality to review project assemblies prior to physical construction.
Nexii’s panels are comprised of an in-house concrete alternative called Nexiite, which the company claims can lower carbon emissions by 20-36 percent compared to Portland cement concrete. Meanwhile, Nexii has formed strategic partnerships with third-party companies to supply their shell with building control, HVAC, and energy systems as well as electric vehicle charging.
As the modular construction company scales beyond its current two Canadian manufacturing plants, operated by 400 employees, it plans to franchise its building panel process to local manufacturers who will market and sell Nexii building products in their regions. The local manufacturers would pay a licensing fee to the company and a percentage of revenue from product sales.
Nexii is one of several disruptor companies recently emerging to respond to construction-related problems, from housing affordability to carbon emissions.
See: nexii.com
CLICK HERE to return to the home page for more articles.
