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.
