# Argentum Electronics

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/argentum-electronics

- Industry: Electronics
- Headquarters: Canada
- Website: www.argenelec.com
- Total disclosed funding: $0.1M
- Latest round: Seed (Dec 16, 2020)
- Investors on record: 4

## About

Argentum Electronics Inc., based in Canada, focuses on innovative DC power distribution systems, optimizing energy efficiency for commercial and industrial applications.Founded in 2015 and headquartered in Canada, Argentum Electronics Inc. specializes in advanced DC power distribution systems. The firm has completed 5 deals, with their most recent funding round being a Venture Debt of CAD 0.250 mn on March 18, 2021, with participation from Northumberland CFDC and others. Will Andrew, the CEO, leads the company, which has not undergone any notable pivots or changes in business strategy since its inception.Argentum Electronics Inc. offers advanced DC power distribution systems through two main product lines: Cence LV (low-voltage) and Cence FMP (Fault Managed Power). These systems efficiently convert AC power and various renewable energy sources into usable DC power, optimizing power distribution for applications like lighting, telecommunications, and data centers. Clients such as Scotiabank and EllisDon have adopted Cence systems, benefiting from reduced operational expenses as they address the demand for energy-efficient infrastructure in North America’s urban centers.Revenue is generated through direct sales of Cence LV and Cence FMP products, tailored for business-to-business transactions. The company provides installation services and ongoing support within structured transactions, where clients pre-order systems. Pricing is project-specific, reflecting the complexity of each installation, and clients experience reduced operational costs through the implementation of Cence systems.The company aims to launch new products in the Cence line, with specific details forthcoming. Argentum Electronics Inc. seeks to expand into new geographic regions, focusing on North American urban centers by 2025. The recent funding round of CAD 0.250 mn will support these initiatives, including product development and market expansion efforts.

## Funding rounds

- Seed, Dec 16, 2020 — Sustainable Development Technology Canada
- Seed, Jul 27, 2020 — SOSV, HAX
- Seed, Jul 31, 2017, $0.1M — Ontario Centre of Innovation

## Investors

- Ontario Centre of Innovation (https://capitalatlas.ai/funds/ontario-centre-of-innovation) — Seed
- SOSV (https://capitalatlas.ai/funds/sosv) — Seed
- HAX — Seed
- Sustainable Development Technology Canada (https://capitalatlas.ai/funds/sustainable-development-technology-canada) — Seed