# Nexterra Systems

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/nexterra-systems

- Industry: Power & Utilities
- Headquarters: Vancouver, Canada
- Website: www.nexterra.ca
- Total disclosed funding: $16M
- Latest round: Series D (Aug 27, 2008)
- Investors on record: 1

## About

Nexterra Systems Corp. is a Canadian company specializing in biomass gasification technology, transforming waste materials into renewable energy and fuels. They focus on sustainable energy solutions through innovative power plant operations.Founded in 2003 and headquartered in Vancouver, Canada, Nexterra Systems Corp. engages in biomass gasification operations, providing renewable energy solutions. The company raised USD 2.5 mn in a GROWTH funding round in May 2011 from BDC Capital. Over the years, Nexterra has completed 11 different deals, with a notable focus on projects in the UK.Nexterra specializes in the development and operation of biomass gasification power plants, converting waste materials into renewable energy. Their key projects, including the Welland Waste Wood Power Plant and the Birmingham Bio Power Plant, serve utility companies and energy providers, addressing the need for clean electricity while reducing landfill dependency.Nexterra generates revenue primarily through power purchase agreements (PPAs) with local utility companies for the electricity produced by their biomass plants. This business-to-business model ensures a stable income stream, supported by strategic partnerships for plant financing, such as the collaboration with Balfour Beatty Investments for the Welland Waste Wood Power Plant.Following a recent GROWTH financing round in May 2011, Nexterra plans to utilize the USD 2.5 mn raised to enhance their current biomass operations and explore opportunities for expansion into new geographical markets within Europe. The company is focused on increasing its presence in regions with strict environmental regulations, aiming to launch additional projects by 2016.

## Funding rounds

- Series D, Aug 27, 2008, $3.8M — ARC Financial
- Series C, Jan 24, 2007, $6.8M — ARC Financial
- Series B, Nov 2, 2005, $5.5M — ARC Financial

## Investors

- ARC Financial (https://capitalatlas.ai/funds/arc-financial) — Series B, Series C, Series D