Solfium Inc, a solar technology start-up based in Canada and Mexico, announced on Monday the successful closure of a USD 3 million seed financing round at Mexico's BIVA stock exchange, marking a significant milestone for the company's growth.
The financing round garnered support from global investors, including U.S. venture capital firm RaliCap, Norway's Katapulut, Chile's Savia Ventures, Canada's Propulia Capital, and Mexico's Redwood Ventures.
Solfium's primary objective is to expedite the adoption of distributed solar power, with an initial focus on the Mexican market. Andres Friedman, co-founder and CEO of Solfium, expressed delight at the substantial support received from a diverse group of highly regarded investors. He highlighted the unique skill sets and profiles each investor brings to the table, providing crucial support for Solfium's ambitious journey to drive the widespread adoption of distributed solar energy.
The company's approach involves leveraging a tech-enabled ecosystem that streamlines processes for consumers, installers, and component manufacturers. Solfium provides an end-to-end digital platform for retail customers to seamlessly adopt solar energy, while also delivering shovel-ready solutions to corporate clients aiming for net-zero targets.
Solfium's collaboration directly with manufacturers enables the provision of top-quality components, while also passing on cost savings to customers. The successful seed financing round positions Solfium to further enhance its technological offerings and expand its impact in the distributed solar power sector.
