What is EcoFactor?
EcoFactor operates at the intersection of automated energy management and residential comfort, providing a sophisticated suite of tools designed to optimize HVAC performance and demand response. By leveraging patented analytics, the company enables utilities, home service providers, and energy retailers to deliver enhanced value to consumers. The platform functions as a comprehensive residential energy solution, effectively bridging the gap between grid-level demand management and individual household efficiency. Through its cloud-native architecture, EcoFactor empowers stakeholders to reduce energy costs while maintaining optimal environmental control, positioning itself as a critical player in the transition toward smarter, more responsive energy infrastructure.
How much funding has EcoFactor raised?
EcoFactor has raised a total of $37M across 7 funding rounds:
Series A
$2.4M
Private Equity
$5.9M
Unspecified
$3.5M
Private Equity
$8M
Series B
$10M
Series C
$7.1M
Debt
$150K
Series A (2009): $2.4M with participation from Claremont Creek Ventures
Private Equity (2009): $5.9M led by Claremont Creek Ventures and RockPort Capital Partners
Unspecified (2010): $3.5M supported by RockPort Capital Partners
Private Equity (2012): $8M featuring Rockport Capital, Claremont Creek Ventures, and Aster
Series B (2013): $10M backed by NRG Energy, Rockport Capital, Claremont Creek Ventures, and Aster
Series C (2015): $7.1M with participation from Rockport Capital, Claremont Creek Ventures, and Aster
Debt (2020): $150K led by PPP
Key Investors in EcoFactor
Claremont Creek Ventures
Claremont Creek Ventures is a seed and early-stage venture firm focusing on IT-driven opportunities, including energy technology and digital infrastructure, utilizing a proprietary life-cycle venturing program.
Aster
Aster is a venture capital firm and business hub that acts as a growth accelerator for startups in the energy, smart industry, and mobility sectors, providing both capital and international market access.
NRG Energy
NRG Energy is an integrated power company providing a wide range of energy solutions, including demand response, solar, and energy efficiency services to residential and commercial consumers.
What's next for EcoFactor?
With the support of its established investor base, EcoFactor is well-positioned to deepen its market penetration and refine its demand response capabilities. The company's strategic roadmap likely involves expanding its footprint among utility partners and integrating more advanced machine learning models to further improve HVAC performance monitoring. As the energy sector continues to prioritize sustainability and grid stability, EcoFactor's focus on data-driven efficiency will remain a core competitive advantage. Future growth will likely center on scaling its service offerings to meet the increasing demand for automated, consumer-centric energy solutions in a rapidly evolving regulatory and technological landscape.
See full EcoFactor company page
