About Sollum Technologies
Sollum Technologies is a company based in Montreal (Canada) founded in 2015 by Gabriel Dupras, Francois Moisan, and Louis Brun.. Sollum Technologies has raised $41.99 million across 9 funding rounds from investors including National Bank of Canada, Idealist Capital and Fondaction. The company has 49 employees as of December 31, 2024. Sollum Technologies offers products and services including SF-E2, SF-ONE, SF-PRO, and SUN as a Service. Sollum Technologies operates in a competitive market with competitors including ecobee, Nanoleaf, Resideo, Operto and BrainBox AI, among others.
- Headquarter Montreal, Canada
- Employees 49 as on 31 Dec, 2024
- Founders Gabriel Dupras, Francois Moisan, Louis Brun
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Sectors
Business ServicesEnergy & Utilities Healthcare Agriculture Industrial Goods & Manufacturing
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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
$41.99 M (USD)
in 9 rounds
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Latest Funding Round
$30 M (USD), Series B
Jan 16, 2023
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Investors
National Bank of Canada
& 10 more
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Employee Count
49
as on Dec 31, 2024
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Products & Services of Sollum Technologies
Sollum Technologies offers a comprehensive portfolio of products and services, including SF-E2, SF-ONE, SF-PRO, and SUN as a Service. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
AI-powered LED for simple HPS to LED transition in greenhouses.
Efficient broad-spectrum LED for high-volume crop production.
Full-spectrum LED for precise plant growth parameter control.
Cloud-based system for real-time light recipe management.
Funding Insights of Sollum Technologies
Sollum Technologies has successfully raised a total of $41.99M across 9 strategic funding rounds. The most recent funding activity was a Series B round of $30 million completed in January 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 9
- Last Round Series B — $30.0M
- First Round First Round
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2023 | Amount | Series B - Sollum Technologies | Valuation | Idealist Capital | |
| Apr, 2022 | Amount | Grant - Sollum Technologies | Valuation |
investors |
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| Feb, 2022 | Amount | Series A - Sollum Technologies | Valuation | Fondaction |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Sollum Technologies
Sollum Technologies has secured backing from 11 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include National Bank of Canada, Idealist Capital and Fondaction. 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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Venture capital firm focused on investing in clean tech sectors
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Founded Year | Domain | Location | |
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Early-stage venture capital is provided to Canadian technology startups by Real Ventures.
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Founded Year | Domain | Location | |
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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 Sollum Technologies
| 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 - Sollum Technologies
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Sollum Technologies Comparisons
Competitors of Sollum Technologies
Sollum Technologies 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 ecobee, Nanoleaf, Resideo, Operto and BrainBox AI, 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 |
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| domain | founded_year | HQ Location |
Provider of smart thermostats for commercial and residential applications
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| domain | founded_year | HQ Location |
Energy-efficient smart lightbulbs are developed by Nanoleaf.
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| domain | founded_year | HQ Location |
Smart home products for security and energy efficiency are provided.
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| domain | founded_year | HQ Location |
Provider of cloud-enabled property automation and access control solutions
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| domain | founded_year | HQ Location |
AI and SaaS-driven HVAC optimization for commercial buildings is provided.
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| domain | founded_year | HQ Location |
App-based connected thermostats are provided for high-voltage heating systems.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Sollum Technologies
Frequently Asked Questions about Sollum Technologies
When was Sollum Technologies founded?
Sollum Technologies was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Where is Sollum Technologies located?
Sollum Technologies is headquartered in Montreal, Canada. It is registered at Montreal, Quebec, Canada.
Who is the current CEO of Sollum Technologies?
Louis Brun is the current CEO of Sollum Technologies. They have also founded this company.
Is Sollum Technologies a funded company?
Sollum Technologies is a funded company, having raised a total of $41.99M across 9 funding rounds to date.
How many employees does Sollum Technologies have?
As of Dec 31, 2024, the latest employee count at Sollum Technologies is 49.
What does Sollum Technologies do?
Provider of dynamic LED lighting solutions for horticulture and controlled agriculture. The company offers programmable LED grow lights and a cloud platform to manage light spectra and intensity. Their solution supports growers with light recipes, data monitoring, and agronomic support. The companys products aim to optimize plant growth, energy efficiency, and crop quality in greenhouses and indoor farms.
Who are the top competitors of Sollum Technologies?
What products or services does Sollum Technologies offer?
Sollum Technologies offers SF-E2, SF-ONE, SF-PRO, and SUN as a Service.
Who are Sollum Technologies's investors?
Sollum Technologies has 11 investors. Key investors include National Bank of Canada, Idealist Capital, Fondaction, Sustainable Development Technology Canada, and Invest Quebec.