Tech Company Financing Transactions
Sollum Technologies Funding Round
Idealist Capital and Fondaction CSN invested in a $30 million capital raise for Sollum Technologies. The round was announced on 1/16/2023.
Transaction Overview
Company Name
Announced On
1/16/2023
Transaction Type
Venture Equity
Amount
$30,000,000
Round
Undisclosed
Investors
Idealist Capital (Lead Investor) (Pierre Larochelle)
Fondaction CSN (Claire Bisson)
Proceeds Purpose
This capital contribution will allow us to accelerate our penetration of a growing market by enhancing the competitiveness of our solution, and its flexibility through the addition of a multitude of spectral recipes
Company Information
Company Status
Private & Independent
Industry
Manufacturing
Mailing Address
465 Saint-Jean St 502
Montréal, Québec, H2Y 2R6
CA
Montréal, Québec, H2Y 2R6
CA
Phone
Website
Email Address
Overview
Developer of sustainable lighting technologies intended to utilize natural sources for various industrial and business purposes. The company's technologies transform LED lighting facilities to create optimal growing conditions that increase the business's plant yield and improve efficiency, enabling farm and other property owners to use the lighting facility for greenhouses and breeding farm sectors.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Louis Brun
Chief Financial Officer
Paul Rouleau
Co-Founder
Gabriel Dupras
Co-Founder
François Moisan
Browse more venture capital transactions:
Prev: 1/16/2023: Arctic Shores venture capital transaction
Next: 1/16/2023: Elucidat venture capital transaction
Share this article
Where The Data Comes From
Our team works diligently to record tech company VC transactions. VC transactions on this site come from news reports and company announcements. The information is sourced from VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs