About ecobee
ecobee is a company based in Toronto (Canada) founded in 2007 was acquired by Generac Power Systems in November 2021.. ecobee has raised $151.52 million across 11 funding rounds from investors including Carrier, AGL Energy and Just Energy. ecobee offers products and services including Smart Thermostat Premium, Smart Thermostat Enhanced, SmartSensor, and Smart Doorbell Camera. ecobee operates in a competitive market with competitors including Ooma, Vivint, ADT, Alarm.com and Ring Labs, among others.
- Headquarter Toronto, Canada
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Sectors
Business ServicesEnergy & Utilities Industrial Goods & Manufacturing Technology
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Email
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Phone
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Website
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Social
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- Legal Name Ecobee Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$151.52 M (USD)
in 11 rounds
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Latest Funding Round
$36.28 M (USD), Series C
May 31, 2018
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Investors
Carrier
& 15 more
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Employee Count
Employee Count
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Acquired by
Generac Power Systems
(Nov 01, 2021)
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Products & Services of ecobee
ecobee offers a comprehensive portfolio of products and services, including Smart Thermostat Premium, Smart Thermostat Enhanced, SmartSensor, and Smart Doorbell Camera. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Advanced smart thermostat for energy-efficient home temperature control.
Smart device for improved home heating and cooling automation.
Wireless sensor for monitoring rooms and enhancing home security.
Wired camera for outdoor surveillance and smart home integration.
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Funding Insights of ecobee
ecobee has successfully raised a total of $151.52M across 11 strategic funding rounds. The most recent funding activity was a Series C round of $36.28 million completed in May 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 11
- Last Round Series C — $36.3M
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First Round
First Round
(01 Jan 2007)
- Investors Count 15
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2018 | Amount | Series C - ecobee | Valuation | Caisse de depot et placement du Quebec , AGL |
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| Mar, 2018 | Amount | Series C - ecobee | Valuation | Energy Impact Partners | |
| Dec, 2016 | Amount | Series C - ecobee | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in ecobee
ecobee has secured backing from 16 investors, including venture fund and institutional investors. Prominent investors backing the company include Carrier, AGL Energy and Just Energy. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investment strategies are provided across diverse asset classes and markets.
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Founded Year | Domain | Location | |
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Venture capital fund focused on growth-stage startups
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Founded Year | Domain | Location | |
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Investments are directed toward fintech, cybersecurity, and martech sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by ecobee
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - ecobee
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ecobee Comparisons
Competitors of ecobee
ecobee operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Ooma, Vivint, ADT, Alarm.com and Ring Labs, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Cloud-based business telephony and home security services are provided.
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| domain | founded_year | HQ Location |
Cloud-based smart security cameras are manufactured for home use.
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| domain | founded_year | HQ Location |
Cloud-based surveillance solutions for home and business security are provided.
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| domain | founded_year | HQ Location |
Cloud-based video intercoms and physical security systems are provided.
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| domain | founded_year | HQ Location |
Cloud-based video surveillance systems are provided for security monitoring.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Ecobee
Frequently Asked Questions about ecobee
When was ecobee founded?
ecobee was founded in 2007.
Where is ecobee located?
ecobee is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Is ecobee a funded company?
ecobee is a funded company, having raised a total of $151.52M across 11 funding rounds to date. The company's 1st funding round was a Series C of $267.01K, raised on Jan 01, 2007.
What does ecobee do?
Ecobee was founded in 2007 in Toronto, Canada, and operates in the smart home technology sector. Thermostats are designed and developed for both residential and commercial applications, spanning multiple generations with touchscreen interfaces and companion mobile apps for control. Up to 32 remote sensors are supported to monitor temperature and occupancy, enabling adjustments to average room conditions. Smart switches with integrated occupancy and daylight sensors are also offered.
Who are the top competitors of ecobee?
ecobee's top competitors include Ooma, Vivint and SimpliSafe.
What products or services does ecobee offer?
ecobee offers Smart Thermostat Premium, Smart Thermostat Enhanced, SmartSensor, and Smart Doorbell Camera.
Who are ecobee's investors?
ecobee has 16 investors. Key investors include Carrier, AGL Energy, Just Energy, Generac Power Systems, and Northleaf.
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