ecobee Analysis: $162M Raised
What is ecobee?
ecobee designs intelligent thermostats, cameras, and sensors that work better together. Their approach integrates various smart home technologies to enhance comfort, security, and energy efficiency. This results in improved everyday life for users through seamless home automation.
Employees
501-1000
Founded
2007
Industry
IoT, Climate Tech
Parent Company
Generac Holdings Inc.
Latest Funding Round Size
Series C
Parent Company Website
Public Company Status
Private
Recent Venture Round Amount
$47,000,000
Product Features & Capabilities
- Smart Thermostat Premium with advanced features
- Smart Thermostat Enhanced for energy savings
- SmartSensor for temperature and occupancy detection
- Smart Doorbell Camera with voice control
- Smart Security subscription for home protection.
Use Cases
Control home temperature remotely for energy savings; Monitor home security with smart cameras; Optimize energy usage through smart sensors; Receive alerts for door/window activity; Manage home comfort with integrated smart devices.
How much ecobee raised
Series B - $35 million
August 22, 2016Lead Investor: Amazon, Thomvest, Relay Ventures
Series C - $80 million
March 7, 2018Lead Investor: Energy Impact Partners, Thomvest, Relay Ventures, Amazon Alexa Fund, North Leaf Capital Partners, Export Development Canada, Ontario Capital Growth Corporation, Tech Capital, GXP Investments
Series C - $47 million
May 30, 2018Lead Investor: Caisse de dépôt et placement du Québec, AGL Energy Ltd., Business Development Bank of Canada
Other Considerations
Offers certified refurbished products with warranty; Notable for reducing e-waste through sustainable practices; Recognized for innovative smart home technology.
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Financial Overview
$162MTotal Raised
Series B$35 million
August 22, 2016
Investors: Amazon, Thomvest, Relay Ventures
Series C$80 million
March 7, 2018
Investors: Energy Impact Partners, Thomvest, Relay Ventures, Amazon Alexa Fund, North Leaf Capital Partners, Export Development Canada, Ontario Capital Growth Corporation, Tech Capital, GXP Investments
Series C$47 million
May 30, 2018
Investors: Caisse de dépôt et placement du Québec, AGL Energy Ltd., Business Development Bank of Canada