Sofiac

Sofiac

SOFIAC is involved in large-scale decarbonization and energy retrofit projects, supporting canadian businesses in their sustainability journeys. Learn more
  • Edit
DateInvestorsAmountRound

CAD100m

Early VC

CAD100m

Debt
*

CAD88.0m

Valuation: CAD500m

Late VC
*

CAD12.6m

Grant
Total Funding€134m

Recent News about Sofiac

Edit
More about Sofiac
Edit

SOFIAC is a pioneering startup that specializes in developing, managing, and investing in large-scale decarbonization and energy retrofit projects. The company primarily serves clients in the commercial, industrial, and multi-residential sectors, operating in the burgeoning market of sustainable energy and environmental conservation.

SOFIAC's unique business model is designed to alleviate the financial burden and risk typically associated with such projects. The company assumes 100% of the costs and risks for all project phases, requiring no upfront investment from its clients. Instead, SOFIAC recoups its project costs through a portion of the savings generated by the energy efficiency improvements it implements. This approach ensures a positive cash flow for clients from day one, with no impact on their financial capacity.

In addition, SOFIAC's model includes the complete transfer of assets upon installation, providing clients with immediate ownership and further financial benefits. The company's recent partnerships with EfficiencyOne and IBM Canada, as well as its support for Mundial Group's major decarbonization project, demonstrate its commitment to energy conservation and efficiency.

In simple terms, SOFIAC is a company that helps other businesses save money and reduce their carbon footprint by making their buildings more energy-efficient. They pay for everything and take all the risk, and only get paid back from the money the client saves on energy bills.

Keywords: Decarbonization, Energy Retrofit, Commercial Sector, Industrial Sector, Multi-residential Sector, Risk Management, Positive Cash Flow, Energy Conservation, Energy Efficiency, Asset Transfer.