About Sofdesk
Sofdesk is a company based in Montreal (Canada) founded in 2013 was acquired by Enphase Energy in January 2021.. Sofdesk has raised $8 million across 2 funding rounds from investors including Enphase Energy, Desjardins and Generac Power Systems. Sofdesk has completed 1 acquisition, including EnergyPeriscope. Sofdesk operates in a competitive market with competitors including Aurora Solar, PVcase, OpenSolar, Solar Ladder and RatedPower, among others.
- Headquarter Montreal, Canada
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Sectors
Energy & Utilities
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Email
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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
$8 M (USD)
in 2 rounds
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Latest Funding Round
$5.7 M (USD), Series B
Nov 01, 2019
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Investors
Enphase Energy
& 4 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
Enphase Energy
(Jan 26, 2021)
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Funding Insights of Sofdesk
Sofdesk has successfully raised a total of $8M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $5.7 million completed in November 2019. 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 B — $5.7M
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First Round
First Round
(16 Feb 2017)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2019 | Amount | Series B - Sofdesk | Valuation | Generac Power Systems | |
| Feb, 2017 | Amount | Series A - Sofdesk | Valuation |
investors |
| 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 Sofdesk
Sofdesk has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include Enphase Energy, Desjardins and Generac Power Systems. 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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Founded Year | Domain | Location | |
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Manufacturer of power generation equipment and energy storage solutions
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Founded Year | Domain | Location | |
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Financial services are provided cooperatively to members in Canada.
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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 Sofdesk
Sofdesk has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include EnergyPeriscope. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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SaaS platform for solar sales and design software is offered.
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2009 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Sofdesk
| 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 |
Sofdesk Comparisons
Competitors of Sofdesk
Sofdesk 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 Aurora Solar, PVcase, OpenSolar, Solar Ladder and RatedPower, 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 |
AI-powered software for solar design and sales is utilized.
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| domain | founded_year | HQ Location |
Provider of solar sales and design software solutions
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| domain | founded_year | HQ Location |
Solar design and sales are enabled via a cloud-based platform.
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| domain | founded_year | HQ Location |
Solar sales and design software solutions are provided.
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| domain | founded_year | HQ Location |
SaaS-driven solar sales and design software solutions are provided.
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| domain | founded_year | HQ Location |
Pay-as-you-go solar technology is developed for off-grid renewable energy sales.
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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 Sofdesk
Frequently Asked Questions about Sofdesk
When was Sofdesk founded?
Sofdesk was founded in 2013 and raised its 1st funding round 4 years after it was founded.
Where is Sofdesk located?
Sofdesk is headquartered in Montreal, Canada. It is registered at Montreal, Quebec, Canada.
Is Sofdesk a funded company?
Sofdesk is a funded company, having raised a total of $8M across 2 funding rounds to date. The company's 1st funding round was a Series A of $2.3M, raised on Feb 16, 2017.
What does Sofdesk do?
Sofdesk was founded in 2013 in Montreal, Canada, within the solar energy sector. Software solutions for project development and lead generation are provided, targeting residential and commercial solar installers along with end users. The companys two main products, Roofgraf and Solargraf, support operations in planning, design, and customer acquisition for solar installations across various markets.
Who are the top competitors of Sofdesk?
Sofdesk's top competitors include Aurora Solar, OpenSolar and Angaza.
How many acquisitions has Sofdesk made?
Sofdesk has made 1 acquisition, including EnergyPeriscope.
Who are Sofdesk's investors?
Sofdesk has 5 investors. Key investors include Enphase Energy, Desjardins, Generac Power Systems, BDC, and EnerTech Capital.
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