Sollum Technologies raises $3.9M in equity and debt funding

CPE News (6/1/2020) – Sollum Technologies Inc. has raised $3.9 milion in total funding, consisting of a $2.7 million second round of financing led by Investissement Québec and $1.2 million debt financing from National Bank of Canada.

Sollum Technologies Inc. closed a $1.2 million first round of financing in 2017 with Real Ventures, Alter Ego Capital, BoxOne Ventures, and a group of private investors including François Arbor and Jean-François Grenon. All participated in the second round.

Founded by CEO Louis Brun, CTO François Roy-Moisan, and VP Gabriel Dupras in 2015, Montreal based Sollum Technologies offers greenhouse producers the only smart LED lighting solution which dynamically recreates the FULL spectrum of the sun’s natural light.

Sollum’s simple and user-friendly SUN As a Service™ application enables them to program, adjust and modulate light fixtures according to their specific needs remotely and in real-time to create optimal lighting conditions.

photo credit: Sollum