Sollum Technologies , a company revolutionize by nature to offer greenhouse producers smart LED lighting solution that dynamically quicken the full spectrum of the Lord’s Day ’s light , closed a second round of golf of support of 2.7 million Canadian dollars from Investissement Québec and its initial investor . The first round of funding of 1 million dollars occur in 2017 with the participation of Real Ventures , Alter Ego Capital , BoxOne Ventures , and a group of individual investor including François Arbour and Jean - François Grenon - all of whom renewed their confidence in Sollum .
Sollum also obtained debt financing of 1.2 million Canadian buck from National Bank , who has been its partner for many years . It collaborates in particular with the Technology and Innovation Banking Group , which offers specialised financial support to fast - growing technology businesses from showtime - up through to matureness .
This new Johnny Cash injection will enable Sollum to accelerate its product development and establish its smart light technology in North America long terminal figure . With the help of prize partners , the company will be in a posture to launch the deployment of big scale trial and follow up on its coaction with inquiry centers such as the Institute of Food Technology ( ITA ) in Saint - Hyacinthe , The Université du Québec in Outaouais and Agriculture and Agri - Food Canada ( AAFC ) Research and Development Centres of St - Jean - sur - Richelieu , Québec and Harrow in Ontario .
picture cite : O’Citrus
Sollum is already working with main nursery producers such as La Boîte Maraîchère ( Québec / Canada ) , who cultivate fresh and constituent produce , The Chef ’s Garden ( Ohio / USA ) , who civilize garden truck with optimal nutritionary timbre , and Ulysse Biotech ( Québec / Canada ) , who differentiate in the creation and development of eco - certified biostimulants . According to the caller , the results are conclusive : thanks to Sollum Technologies ’ nursery inflammation solutions , plants have a more balanced syllable structure and hormonal constitution , which make them more resilient .
“ We ’re lofty our technology attracted a significant new investor in Investissement Québec and that we can count on the unflinching documentation of our current fiscal partners . Our saucy firing solution and Sun as a Service program will overturn the way we get our food and how we handle our natural resource ” , say Louis Brun , President and CEO , Sollum Technologies .
“ Investissement Québec is lofty to participate in this round of funding and reenforcement Sollum Technologies in their outgrowth . This investment will turn on the fellowship to continue its development and the optimization of its cloud - found platform . It attest to our concrete backing of Sollum ’s continued expansion ” , Guy LeBlanc , President and CEO , Investissement Québec , added .
“ Sollum is exactly the variety of company we love to work with - built around unique intellectual property , led by substantial founder , market - orient , agile and resilient . Alongside our first-class co - investors , we ’re very enthusiastic about the ship’s company ’s future ” , said Isaac Souweine , Partner , Real Ventures .
“ It ’s a real pleasure for us to help Sollum Technologies in this Modern stage of its outgrowth . With more than 20 years of experience , our Technology and Innovation Banking Group is majestic to stick out home - grown troupe , even during this time of economical incertitude . Like Sollum , National Bank has made the UN ’s Sustainable Development Goals a core part of its strategy . We ’re felicitous that we share these note value with an innovative Quebec - base company ” , adds Éric Labelle , Director – Start - Ups , Technology and Innovation Banking Group , National Bank .
For more information : sollumtechnologies.comwww.investquebec.comwww.realventures.com
