Low-carbon infrastructure specialist Nexus PMG raises $50m to support waste-to-value projects
Nexus PMG has raised a $50 million growth equity round to expand its infrastructure advisory business to investors and developers creating projects that convert waste into everything from fuel to animal feed.
The round was led by an affiliate of Greenbacker Capital Management with participation from the Ontario Power Generation Pension Fund and Liberty Mutual Insurance.
The capital injection—the company’s first major raise of outside money—will expand its core service offerings including financial modeling, site selection, and project management.
Some of the new capital will also flow into Nexus W2V, which focuses on converting organic waste streams into renewable natural gas, compost products and biochar; and Pathway Energy, which focuses on producing more sustainable aviation fuel by leveraging carbon sequestration.
‘In the first seven years we doubled revenues every year’
Founded by Ben Hubbard (CEO), Paul Hammond (CFO), and Roshan Vani (COO) in Dallas, Texas, in 2013, Read More
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