About Silfab Solar
Silfab Solar is a company based in Mississauga (Canada) founded in 2010 by Franco Traverso.. Silfab Solar has raised $225 million across 2 funding rounds from investors including Manulife, Ontario Power Generation and BDC. Silfab Solar operates in a competitive market with competitors including Kyocera, Heliene, Astrum Solar, Samsung Renewable Energy and Volts, among others.
- Headquarter Mississauga, Canada
- Founders Franco Traverso
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$225 M (USD)
in 2 rounds
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Latest Funding Round
$125 M (USD), Series D
Mar 08, 2023
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Investors
Manulife
& 4 more
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Employee Count
Employee Count
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Funding Insights of Silfab Solar
Silfab Solar has successfully raised a total of $225M across 2 strategic funding rounds. The most recent funding activity was a Series D round of $125 million completed in March 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series D — $125.0M
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First Round
First Round
(15 Sep 2021)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2023 | Amount | Series D - Silfab Solar | Valuation | ARC Financial | |
| Sep, 2021 | Amount | Series C - Silfab Solar | Valuation | ARC Financial |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Silfab Solar
Silfab Solar has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Manulife, Ontario Power Generation and BDC. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Canada's largest energy-focused private equity manager is operated.
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Founded Year | Domain | Location | |
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CF Private Equity is focused on private investment solutions for sophisticated investors.
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Founded Year | Domain | Location | |
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Life insurance and diversified asset management services are provided.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Silfab Solar
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Silfab Solar
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Silfab Solar Comparisons
Competitors of Silfab Solar
Silfab Solar operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Kyocera, Heliene, Astrum Solar, Samsung Renewable Energy and Volts, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Kyocera is engaged in providing technology solutions globally.
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| domain | founded_year | HQ Location |
Solar PV modules are manufactured for utility-scale projects.
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| domain | founded_year | HQ Location |
Solar PV modules are manufactured for renewable energy applications.
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| domain | founded_year | HQ Location |
Samsung Renewable Energy manufactures components for renewable energy systems.
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| domain | founded_year | HQ Location |
Solar panels are manufactured by Volts in Canada.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Silfab Solar
Frequently Asked Questions about Silfab Solar
When was Silfab Solar founded?
Silfab Solar was founded in 2010 and raised its 1st funding round 11 years after it was founded.
Where is Silfab Solar located?
Silfab Solar is headquartered in Mississauga, Canada. It is registered at Mississauga, Ontario, Canada.
Who is the current CEO of Silfab Solar?
Paolo Maccario is the current CEO of Silfab Solar.
Is Silfab Solar a funded company?
Silfab Solar is a funded company, having raised a total of $225M across 2 funding rounds to date. The company's 1st funding round was a Series C of $100M, raised on Sep 15, 2021.
What does Silfab Solar do?
Silfab Solar was founded in 2010 and is headquartered in Mississauga, Canada. Solar photovoltaic modules are produced by the company within the renewable energy sector. Emphasis is placed on the design and development of efficient panels suitable for electricity generation at residential and commercial scales. Operations involve manufacturing processes tailored to these applications, supporting broader adoption of solar technology.
Who are the top competitors of Silfab Solar?
Silfab Solar's top competitors include Kyocera, Heliene and Astrum Solar.
Who are Silfab Solar's investors?
Silfab Solar has 5 investors. Key investors include Manulife, Ontario Power Generation, BDC, ARC Financial, and CF Private Equity.
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