Arxx Building Products raises $5M for green building materials
Arxx Building Products is an Ontario maker of green building supplies and designs, including the walls and foundations of new homes. The company helps homeowners save money by lowering energy costs for cooling and — especially for Canada — heating.
The company is already selling its products, including a new installation in Lake of the Ozarks, Missouri. According to an article about the development in STLtoday, using Arxx flooring and walls also reduces insurance costs.
There are several other green- and efficient-building startups out there. Serious Materials (coverage here) is a direct, well-funded competitor to Arxx, while GigaCrete (coverage here) makes environmentally friendly cement.
The $5 million funding was provided by MMV Financial, according to VentureWire, which reported the funding. The company also took $16 million in February, led by Nth Power and Emerald Technology Ventures, with participation from Element Partners.
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About the Author, Chris Morrison
Chris Morrison writes about cleantech and environmental issues for VentureBeat, with occasional forays into gaming and semantic technology. He got his start writing about tech for Business 2.0 magazine, but quickly realized new media was the ticket when that institution closed its doors in 2007. Chris has also covered public equities and regulatory issues. He originally hails from southern Virginia, graduated from Evergreen State College in Washington, and now lives in San Francisco.