Solfácil Funding, Investors & Competitors

Solfácil has raised $165M across 5 funding rounds, most recently a $30M Series C in September 2022.

Last Solfácil funding round

$30M

Series C · Sep 2022

Cumulative funding Solfácil raised

$165M

across 5 funding rounds

Key investors in Solfácil

  • Valor Capital Group
  • QED Investors
  • SoftBank Group
  • International Finance Corporation
  • Fifth Wall
  • VEF
  • Azor Barros

Solfácil Overview

About Solfácil

Solfácil provides an ecosystem for solar installers in Brazil with equipment sourcing from 100 suppliers, financing via Banco do Brasil partnerships, and monitoring software. Headquartered in São Paulo, the platform supports over 5,000 installers nationwide. Launched in 2016, Solfácil financed 200 MW of solar projects by 2023. It integrates CRM tools and lead generation.


Founded

2018

HQ

BrazilSão Paulo

Status

Privately held

Customer focus

B2B

Revenue model

Services

Solfácil Funding History

Solfácil has raised a total of $165M across 5 funding rounds.

Solfácil's first fundraising round was a $1M seed round in March 2018. The most recent completed round was a $30M Series C in September 2022.

Solfácil funding rounds

Solfácil funding rounds
DateStageInvestorsRaisedDeal Summary
Sep 2022Series CFifth Wall (lead)$30MSolfácil is a Brazil-based solar energy financing startup offering loans through integrators for residential and small business solar installations, along with solar equipment such as panels, inverters, and cables. In September 2022, Fifth Wall invested $30 million (157 million reais) in a Series C extension, following a $100 million Series C led by QED Investors in May 2022, bringing recent equity raises to $130 million. The company also entered a debt transaction to fund customer loans for solar panels and launched Solfácil Store, an outlet connecting PV panel installers to distributors and brands, plus Ampera hardware for PV system monitoring. CEO Fabio Carrara noted the investment was to capitalize prudently amid rising energy prices from the Ukraine war and anticipated high interest rates, maintaining valuation without disclosure. Solfácil reported eight-fold annual growth since founding in 2018 and had funded over 1.5 billion reais ($285.8 million) in solar energy loans by late 2022. Later, in a separate $170 million Credit Rights Investment Fund (FIDC) raise, total funding exceeded $850 million across debt and equity, having financed over 145,000 solar systems, issued $679 million in loans, and supported 1.2 GW of installed solar capacity. The round countered a trend of rarer large VC rounds in Latin America, with Solfácil rowing against the tide in climate tech and fintech. Fifth Wall participated through its climate tech fund, aligning with their focus on such sectors.
Apr 2022Series CQED Investors (lead); SoftBank Group; VEF; Valor Capital Group$100MSolfácil is a Brazil-based fintech platform founded in 2018 that has evolved into a comprehensive solar energy ecosystem, providing financing for residential, commercial, and rural solar installations, a digital marketplace for photovoltaic kits, working capital for installers, and IoT monitoring solutions. The company partners with over 4,200 active solar installers and serves more than 65,000 customers across Brazil, addressing key bottlenecks in solar adoption such as upfront capital needs and supply chain issues for installers. In March-April 2022, Solfácil raised a $100 million Series C funding round led by QED Investors, with participation from SoftBank Latin America Fund, Valor Capital Group, and VEF (which invested $20 million). The capital is earmarked for expanding credit offerings, growing the solar equipment marketplace, launching proprietary IoT devices for long-term system monitoring, and scaling operations amid Brazil's booming solar market driven by energy crises and distributed generation growth. Around the round, Solfácil reported strong traction with annualized revenue growing 5x year-over-year to $160 million, reflecting efficient scaling and ecosystem expansion. The company originated loans for projects averaging R$25,000 with up to 120-month terms at 1.3% monthly interest, and issued a R$500 million receivables fund in 2021 to meet demand. It aimed to double headcount from 215 to 460 employees while entering business and agricultural segments. Post-round, Solfácil continued growth by acquiring Solar Inove in March 2023 to bolster distribution capabilities, solidifying its end-to-end platform in Brazil's solar sector, which includes significant market potential in PV distributors ($3.2 billion) and installers ($1.9 billion).
Jun 2021Series BQED Investors (lead); Azor Barros; International Finance Corporation; Valor Capital Group$30MSolfácil is a Brazil-based solar fintech founded in 2018, providing financing for residential solar energy projects, including photovoltaic panel installations averaging R$25,000 with loan terms up to 120 months at around 1.3% monthly interest. It partners with approximately 5,000 integrators and addresses the financing gap in Brazil's distributed solar sector, where only 0.6% of households have rooftop solar despite 93% interest. The company raised a $30 million Series B round on June 23, 2021, led by QED Investors, with participation from existing investor Valor Capital Group, marking the largest VC investment in Brazil's distributed solar sector at the time. The funding aims to scale operations, expanding headcount from 215 to 460 employees by end-2022, investing in technology, extending services to businesses and farmers, and providing working capital to integrators. Solfácil also issued a R$500 million receivables fund in 2021 to meet demand. Growth projections include originating over $500 million in lending by 2022 and boosting yearly solar loans from BRL700 million (~$141.28 million) to BRL2.5 billion (~$50.56 million) by 2022, reflecting 170% annual sector growth despite economic challenges. The investment aligns with Brazil's booming solar market amid energy crises like droughts affecting hydroelectric power, positioning solar as a key alternative. Solfácil's model supports installers and end-users, capitalizing on underpenetrated demand in a country primed for solar expansion. QED Investors highlighted the company's strong growth and positioning in a globally emerging solar financing trend, with Brazil as an attractive market.
Jun 2020Series AValor Capital Group (lead)$4MSolfácil is Brazil's first solar fintech, providing financing for solar energy projects to enable customers to reduce electricity bills without upfront investment. The company offers 100% digital financing lines for residential and commercial solar installations through a platform connecting investors, integrators, and customers, with terms up to 120 months and interest starting at 0.79% per month. It validates projects, monitors system performance via IoT, and issues green debentures purchased by major Brazilian credit funds. In July 2020, Solfácil raised a $4 million Series A round (R$21 million equivalent) led by Valor Capital Group, followed by existing angel investors from 2018. Valor Capital, known for investments in Brazilian unicorns like Stone, Gympass, and Loft, supported Solfácil's expansion in Brazil's fast-growing distributed solar market, which grew 236% in 2019 and 90% in early 2020 despite COVID-19. The funds aim to originate over $60 million in loans in the next 12 months, develop technology, expand commercially, launch new products like SME loans, improve IoT monitoring, and enhance automation and customer experience. At the time, Solfácil reported a strong loan portfolio with low delinquency and no losses amid the pandemic, positioning it to capitalize on Brazil's high electricity prices, abundant sunlight, and decentralized grid potential.
Mar 2018Seed-$1M-

Who has invested in Solfácil?

7 investors have backed Solfácil across its funding rounds, including Valor Capital Group, QED Investors, SoftBank Group, International Finance Corporation, Fifth Wall and VEF.

Lead investors include Fifth Wall, QED Investors and Valor Capital Group.


Solfácil Investors

Investors in Solfácil by funding rounds participated
InvestorHQRoundsRoleFirst check
Valor Capital GroupUnited StatesNew York City, NY3LeadJun 2020
QED InvestorsUnited StatesAlexandria, VA2LeadJun 2021
SoftBank GroupJapanTokyo1ParticipantApr 2022
Azor BarrosBrazilSão Paulo1ParticipantJun 2021
Fifth WallUnited StatesLos Angeles, CA1LeadSep 2022

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Acquisitions by Solfácil

Solfácil has acquired 1 company to date.

Last acquisition by Solfácil was on March 8th 2023. Solfácil acquired Solar Inove for undisclosed valuation.


Latest Acquisitions by Solfácil

Solar Inove
Description
Solar Inove is a São Paulo-based national distributor of photovoltaic modules, inverters, mounting structures, and balance-of-system components across Brazil. The company supplies equipment from brands like Canadian Solar and Huawei to installers and developers, supporting over 1 GW of deployed capacity. Warehouses in key regions facilitate rapid delivery for residential, commercial, and utility projects nationwide.
HQ CountryPortugal
HQ City
Porto
Deal Date8 Mar 2023
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Solfácil Competitors

Solfácil competitors include listed companies like Alibaba Group, Global-e, GE Vernova and Iberdrola, and private ones like Adani New Industries and Helion Energy.

Public and private companies comparable to Solfácil
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Alibaba GroupChinaChinaPublicly listed$153B$15B$266B1.6x
Global-eUnited StatesUnited StatesPublicly listed$962M$159M$6.4B4.8x
GE VernovaUnited StatesUnited StatesPublicly listed$38B$3.2B$246B5.4x
IberdrolaSpainSpainPublicly listed$51B$17B$158B4.3x
Adani New IndustriesIndiaAhmedabadPrivate--$50B-
Helion EnergyUnited StatesSeattle, WAPrivate--$16B-

Solfácil Public Comps

Solfácil is still privately-owned, but its public comps include Alibaba Group, GE Vernova, Iberdrola, Pinduoduo, China Yangtze Power, Constellation Energy, MercadoLibre, Sea, Vistra and ACWA Power.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Alibaba Group$153B$15B1.7x1.6x17.5x13.0x
GE Vernova$38B$3.2B6.2x5.4x73.5x43.5x
Iberdrola$51B$17B4.4x4.3x13.2x11.8x
Pinduoduo$64B$14B0.7x0.7x3.1x2.8x
China Yangtze Power$13B$11B11.4x11.3x13.9x14.4x
Constellation Energy$26B$5B4.6x3.8x23.5x15.3x
MercadoLibre$29B$3.7B3.5x2.6x27.2x25.1x
Sea$23B$2.4B2.5x2.0x24.3x16.5x

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Common questions about Solfácil

When was Solfácil founded?Solfácil was founded in 2018.
Where is Solfácil headquartered?Solfácil is headquartered in São Paulo, Brazil.
Is Solfácil publicly listed?No, Solfácil is a private, VC-backed company.
How much funding has Solfácil raised?Solfácil has raised $165M across 5 funding rounds.
What was Solfácil's last funding round?Solfácil's last funding round was a $30M Series C in September 2022, led by Fifth Wall.
Who are Solfácil's investors?Solfácil's investors include Valor Capital Group, QED Investors, SoftBank Group, Azor Barros, Fifth Wall, International Finance Corporation and VEF.
Which companies are comparable to Solfácil?Companies comparable to Solfácil include Alibaba Group, Global-e, GE Vernova, Iberdrola, Adani New Industries and Helion Energy.
How many companies has Solfácil acquired?Solfácil has acquired 1 company, including Solar Inove.

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