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NxLite completes $13.1M Series A financing, with a $3.5M debt facility from RSF Social Finance. The round was led by Crabtree Lane Alt, LLC, signaling strong investor confidence in the company's technology and manufacturing capabilities.
Act Venture PartnersNew Climate VenturesMuusEarth FoundryVo Lo Earth VenturesCrabtree Lane Alt, LLC
Description
NxLite, a manufacturer of energy-efficient coatings, announces the final close of its Series A financing totaling $13.1 million, exceeding its target. Alongside this, the company secured a $3.5 million debt facility from RSF Social Finance. The round attracted new and existing investors, showcasing their commitment to NxLite's growth. The appointment of Erin Sawyer to the board signals a strengthened leadership to support the company's increasing manufacturing capacity.
Company Information
Company
NxLite
Location
270 The Kingsway
Toronto, Ontario, Canada
About
NxLite™ (pronounced "next light") is bringing air-stable, energy-efficient, lightweight glass and glass-like solutions to the world. Our proprietary permanent, low-emissivity coatings—applicable to both glass and polymeric substrates—uniquely reduce energy consumption while cutting weight compared to conventional alternatives.
Partnering with leaders in the window industry, commercial refrigeration, transportation, and beyond, NxLite is scaling this breakthrough technology for global impact. Recognized in the prestigious 2024 Cleantech 50 to Watch, NxLite combines world-class expertise in materials science and advanced manufacturing with backing from premier investors to drive innovation in sustainable materials.
Fundz sees it the moment NxLite raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.