About EcoFactor
EcoFactor is a company based in Redwood City (United States) founded in 2006.. EcoFactor has raised $30.99 million across 5 funding rounds from investors including NRG Energy, Aster and RockPort Capital. EcoFactor offers products and services including Proactive Energy Efficiency, Optimized Demand Response, and HVAC Performance Monitoring. EcoFactor operates in a competitive market with competitors including ecobee, Enel X, Particle, Signify and Landis+Gyr, among others.
- Headquarter Redwood City, United States
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Sectors
Business ServicesEnergy & Utilities
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Phone
*********
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Website
*********
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Social
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- Legal Name Ecofactor 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
$30.99 M (USD)
in 5 rounds
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Latest Funding Round
$7.1 M (USD), Series C
Jun 01, 2015
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Investors
NRG Energy
& 4 more
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Employee Count
Employee Count
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Products & Services of EcoFactor
EcoFactor offers a comprehensive portfolio of products and services, including Proactive Energy Efficiency, Optimized Demand Response, and HVAC Performance Monitoring. 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.
Automates thermostat for maximum energy savings and comfort.
Manages energy use to reduce costs during peak periods.
Tracks and optimizes heating and cooling systems efficiency.
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Software Development Team
251 people
Sales and Marketing
73 people
Leadership Team
47 people
Human Resources and Administration
43 people
Product Management Team
43 people
Finance and Accounting
39 people
Senior Team
22 people
Legal and Compliance
20 people
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Funding Insights of EcoFactor
EcoFactor has successfully raised a total of $30.99M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $7.1 million completed in June 2015. 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 5
- Last Round Series C — $7.1M
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First Round
First Round
(17 Nov 2009)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2015 | Amount | Series C - EcoFactor | Valuation |
investors |
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| Oct, 2013 | Amount | Series B - EcoFactor | Valuation | NRG Energy | |
| Oct, 2012 | Amount | Series B - EcoFactor | Valuation | Aster |
| 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 EcoFactor
EcoFactor has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include NRG Energy, Aster and RockPort Capital. 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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Stage-agnostic venture capital investments are made in US companies.
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Founded Year | Domain | Location | |
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Aster is engaged in venture capital for deep tech and climate solutions.
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Founded Year | Domain | Location | |
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Seed and early-stage venture capital firm investing in digital solutions for healthcare and energy industries.
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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 EcoFactor
| 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 - EcoFactor
| 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 |
Ecofactor Comparisons
Competitors of EcoFactor
EcoFactor 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 ecobee, Enel X, Particle, Signify and Landis+Gyr, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of smart thermostats for commercial and residential applications
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| domain | founded_year | HQ Location |
Utility-scale renewable energy projects are developed by Enel X.
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| domain | founded_year | HQ Location |
IoT connectivity platform from prototype to production is developed.
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| domain | founded_year | HQ Location |
Signify is recognized as a global leader in lighting solutions.
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| domain | founded_year | HQ Location |
End-to-end energy management solutions are provided for utilities worldwide.
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| domain | founded_year | HQ Location |
Property management software is provided for residential and commercial properties.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Ecofactor
Frequently Asked Questions about EcoFactor
When was EcoFactor founded?
EcoFactor was founded in 2006 and raised its 1st funding round 3 years after it was founded.
Where is EcoFactor located?
EcoFactor is headquartered in Redwood City, United States. It is registered at Redwood City, California, United States.
Is EcoFactor a funded company?
EcoFactor is a funded company, having raised a total of $30.99M across 5 funding rounds to date. The company's 1st funding round was a Series B of $8M, raised on Nov 17, 2009.
What does EcoFactor do?
EcoFactor was established in 2006 in Redwood City, United States, within the home energy sector. A SaaS engine is employed to gather, store, and analyze data from homes, weather stations, and geographic sources. Focus is placed on heating, ventilation, and air conditioning systems. Energy efficiency, demand response, diagnostics, and recommendations are supplied through analytics. Utilities, energy retailers, and home services providers are served across residential markets.
Who are the top competitors of EcoFactor?
What products or services does EcoFactor offer?
EcoFactor offers Proactive Energy Efficiency, Optimized Demand Response, and HVAC Performance Monitoring.
Who are EcoFactor's investors?
EcoFactor has 5 investors. Key investors include NRG Energy, Aster, RockPort Capital, Claremont Creek Ventures, and Cleantech Open.
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