The investment from Business Development Bank of Canada (BDC) closed a US$10-million Series A funding round for Solfium, a Montreal-based firm that designed a digital platform to help companies such as Coca-Cola, Scotiabank and other clients switch to solar power. (The Logic)

Talking point: “Usually they’re investing in Canadian startups that are either operating in Canada or go to the U.S.,” CEO Andres Friedman told The Logic of the investment from BDC, which is now on its board. “We’re definitely the odd ones.” Remi Fournier, a partner at BDC’s Sustainability Venture Fund, said in an interview that was part of the investment rationale. “To find a great company that’s growing not in the U.S. was interesting for us,” he said. The potential risk in Mexico, however, is one reason BDC did not lead the round, said Fournier; it joined after global non-profit Accion and Latin American impact fund ALIVE Ventures took on that role.