What is EcoFactor?
EcoFactor offers a comprehensive suite of services focused on energy efficiency, demand response, and HVAC performance monitoring. Their cloud-based platform is designed to be deployed flexibly, either as a standalone solution or an integrated residential energy system, aiming to enhance consumer experience and maximize energy savings. The company targets utilities, home service providers, and energy retailers, leveraging patented analytics to optimize demand response and improve HVAC performance. This strategic focus positions EcoFactor as a key player in the smart energy management landscape, enabling consumers to reduce energy costs while maintaining home comfort.
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 RockPort Capital Partners and Claremont Creek Ventures
Unspecified (2010): $3.5M supported by RockPort Capital Partners
Private Equity (2012): $8M featuring Rockport Capital, Aster, and Claremont Creek Ventures
Series B (2013): $10M backed by Rockport Capital, NRG Energy, Aster, and Claremont Creek Ventures
Series C (2015): $7.1M with participation from Aster, Claremont Creek Ventures, and Rockport Capital
Debt (2020): $150K led by PPP
Key Investors in EcoFactor
Claremont Creek Ventures
Claremont Creek Ventures is a venture capital firm specializing in seed and early-stage information technology opportunities, with a particular focus on energy technology. They are known for their efficient capital deployment and team-building strategies.
RockPort Capital Partners
RockPort Capital Partners is an investment firm that has provided backing to EcoFactor. While their specific domain focus isn't detailed here, their participation in multiple rounds suggests an interest in the energy or technology sectors.
Aster
Aster is a venture capital firm and business hub that accelerates startups, particularly in energy, smart industries, and mobility. They provide market access and support for geographic expansion.
What's next for EcoFactor?
With a history of substantial enterprise-level funding and strategic investments, EcoFactor is poised for continued expansion and innovation in the energy technology sector. The company's focus on optimizing energy consumption through advanced analytics and cloud-based solutions aligns with global trends towards sustainability and smart grid development. Future growth is likely to involve further enhancement of their platform's capabilities, broader market penetration, and potential strategic partnerships to scale their impact. The consistent backing from prominent investors suggests a strong belief in EcoFactor's business model and its capacity to address critical energy management challenges.
See full EcoFactor company page
