Solfium Strengthens its $10M USD Series A Round with the Integration of BDC Capital and LATAM Impact Fund to Accelerate Solar Energy Adoption in Mexico
Solfium
With its integrated platform for distributed solar adoption, Solfium is empowering Mexico’s corporates and the more than 5 million micro, small, and medium-sized enterprises in their value chains to transition toward cleaner, more reliable, and affordable energy — advancing both sustainability and economic resilience
Since 2022, Solfium has installed 36,260 solar panels, adding 25 MW in electricity-generating capacity that will reduce emissions by 281,000 Tons of CO2 over 25 years, representing USD28M in savings to Solfium’s customers and electricity consumers.
Montreal, Canada — April 7, 2026 — Solfium announced today the closing of its $10 million USD Series A funding round originally announced in November 2025. The round was led by Accion and ALIVE Ventures, with the participation of BDC Capital, LATAM Impact Fund, and Kamay Ventures.
This second stage of financing is strengthened by the strategic entry of BDC Capital and LATAM Impact Fund whose integration is essential to consolidate Solfium's expansion in the Mexican market and reinforce its technological infrastructure. By completing this second closing, Solfium secures the necessary resources to continue empowering corporates and the more than 5 million MSMEs in Mexico, facilitating their transition to cleaner, more reliable, and affordable energy.
The addition of these new partners is not only financial but also brings key institutional value for the company’s future:
BDC Capital, as the investment arm of the Business Development Bank of Canada, BDC strengthens commercial and innovation ties between Canada and Mexico, supporting Solfium's scaling as a leading "Climate-tech" platform.
LATAM Impact Fund, LATAM Impact Fund, an investment vehicle managed by Sonen Capital LLC from San Francisco and Fondo de Fondos from Mexico, has vast experience in impact investing, will support Solfium's growth in a matter aligned with international sustainability and decarbonization standards, validating the company's commitment to the projected reduction of 281,000 tons of CO2.
“BDC Capital’s investment in Solfium highlights how Canadian clean-technology innovation is scaling into Mexico, supporting renewable energy deployment delivering global impact, strengthening bilateral economic ties, and creating long-term value and jobs in Canada. Solfium’s strong presence in Mexico positions the company as an ideal platform for future expansion across Latin America." noted Rémi Fournier, partner at Sustainability Venture Fund and Climate Tech Fund at BDC Capital.
“For LATAM Impact Fund, joining Solfium represents an opportunity to support a company that deploys distributed solar energy across underserved SME segments, providing access to clean energy while reducing the energy costs of its clients, which aligns with the Fund’s intended impact outcomes of access, affordability, and sustainability" commented Sandra Sainz of LATAM Impact Fund.
Andrés Friedman, CEO y Cofounder of Solfium, highlighted: "Our mission is to make solar energy accessible to all businesses in Mexico, from global corporations to local entrepreneurs. The culmination of this second stage with partners of the caliber of BDC Capital and LATAM Impact Fund allows us to accelerate the delivery of solutions that reduce energy costs by up to 95% for our customers."
About Solfium
Solfium has developed a unique technology platform that accelerates the mass adoption of solar energy across large corporations and their value chains. The platform enables efficient decarbonization by integrating solar energy and complementary technologies—such as energy management systems, battery storage, electric vehicle chargers and predictive maintenance solutions—and by connecting suppliers, distributors, employees, and corporate facilities within a unified clean energy ecosystem.
For more information, visit www.solfium.com.
About BDC, Canada’s bank for small- and medium-sized business owners
BDC focuses on small- and medium-sized business owners, providing them with financing, investment, and advice. As Canada’s development bank, we also support entrepreneurs who don’t fit the traditional mold, working with a network of partners to help develop underserved markets to unlock economic potential. Our mission is to build strong, resilient businesses that drive Canada’s economic growth. BDC is a perennial Canada’s Top 100 Employer and B Corp certified.
For more information, visit www.bdc.ca
About LATAM Impact Fund
Co-managed by Sonen Capital and Fondo de Fondos, Latam Impact Fund is a fund that invests in growing sectors in Latin America, targeting attractive financial returns combined with positive social and environmental impact. The Fund does so by investing in entrepreneurs and fund managers committed to generating impact while also contributing to the United Nations’ Sustainable Development Goals.
For more information, visit www.sonencapital.com
About Accion
Accion is a global nonprofit on a mission to create a fair and inclusive economy for the nearly two billion people who are failed by the global financial system. We develop and scale responsible digital financial solutions for small business owners, smallholder farmers, and women, so they can make informed decisions and improve their lives. Through targeted investment strategies, advisory solutions, and expert thought leadership, we work with local partners to develop and scale cheaper, more accessible, and customer-friendly financial solutions. Over its history, Accion has helped build 285 financial service providers serving low-income clients in 77 countries, reaching 478 million people.
For more information, visit www.accion.org.
About ALIVE Ventures
ALIVE Ventures is a leading Latin American impact fund manager that places impact at the forefront, integrates gender-lens investing in every step, and incorporates a climate-smart approach to help communities prepare, respond, and recover from the effects of climate change. ALIVE seeks to provide attractive risk-adjusted returns for its investors while generating measurable social impact.
For more information, visit www.alive-ventures.com.
Media Contacts
Solfium
Mayela Fraga
Marketing & Communications Manager
Phone: +52 55 79092324
BDC Capital
Rémi Fournier
Partner, Sustainability Venture Fund & Climate Tech Fund
Phone: +1 514-835-1319
LATAM Impact Fund
Sandra Sainz
Managing Director
Phone: +1 415 528 3612
Accion
Thessa Mooij
Director of Public Relations
Phone: +1 917 631 2518
Alive
Alan Pierce
Impact & Knowledge Sharing Mgr
Phone:+571 3227939