ecobee Overview
- Year Founded
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2007

- Status
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Acquired/Merged
- Employees
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592

- Latest Deal Type
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M&A
- Latest Deal Amount
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$770M
ecobee General Information
Description
Developer of smart home monitoring devices designed to deliver intelligent energy management. The company's devices are wifi-enabled smart thermostats and cameras with remote sensors for residential and commercial applications without compromising customers' lifestyles and keeping the home comfortable while conserving energy, enabling homeowners and consumers to understand, manage, and reduce their energy consumption and save money.
Contact Information
Website
www.ecobee.com(Operating Subsidiary)
Corporate Office
- 207 Queens Quay West
- Suite 600
- Toronto, Ontario M5J 1A7
- Canada
Corporate Office
- 207 Queens Quay West
- Suite 600
- Toronto, Ontario M5J 1A7
- Canada
ecobee Valuation & Funding
Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
---|---|---|---|---|---|---|
10. Merger/Acquisition | 01-Dec-2021 | $770M | Completed | Generating Revenue | ||
9. Reverse Merger | Cancelled | Generating Revenue | ||||
8. Later Stage VC | 05-May-2020 | Completed | Generating Revenue | |||
7. Later Stage VC (Series C) | 31-May-2018 | Completed | Generating Revenue | |||
6. Secondary Transaction - Private | 13-May-2018 | Completed | Generating Revenue | |||
5. Later Stage VC | 18-Aug-2016 | Completed | Generating Revenue | |||
4. Later Stage VC | 26-Jan-2015 | Completed | Generating Revenue | |||
3. Later Stage VC (Series B) | 01-Aug-2012 | Completed | Startup | |||
2. Early Stage VC | 20-Jan-2010 | $17.1M | $19.4M | Completed | Startup | |
1. Early Stage VC (Series A) | 01-Jan-2007 | $2.23M | $2.23M | Completed | Startup |
ecobee Comparisons
Industry
Financing
Details
ecobee Competitors (10)
One of ecobee’s 10 competitors is Zen Ecosystems, a Formerly VC-backed company based in Newport Beach, CA.
Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
---|---|---|---|---|---|---|
Zen Ecosystems | Formerly VC-backed | Newport Beach, CA | ||||
Mysa | Venture Capital-Backed | St. John's, Canada | ||||
Building36 | Formerly PE-Backed | Needham, MA | ||||
ThinkEco | Venture Capital-Backed | New York, NY | ||||
Netatmo | Formerly VC-backed | Boulogne-Billancourt, France |
ecobee Patents
ecobee Recent Patent Activity
Publication ID | Patent Title | Status | First Filing Date | Technology (CPC) | Citations |
---|---|---|---|---|---|
US-12241649-B2 | Mpc for hvac with thermal model selection | Active | 02-Feb-2022 | ||
US-20230243541-A1 | Mpc for hvac with thermal model selection | Active | 02-Feb-2022 | ||
US-12165297-B2 | Camera system and method for determining a viewing frustum | Active | 17-Dec-2020 | ||
US-20220198620-A1 | Camera system and method for determining a viewing frustum | Active | 17-Dec-2020 | ||
US-20240117986-A1 | Thermostat device with improved energy optimization | Pending | 26-Mar-2020 | F24F11/67 |
ecobee Signals
ecobee Former Investors (17)
Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
---|---|---|---|---|
AGL New Energy Investments | Corporation | Minority | ||
Amazon Alexa Fund | Corporate Venture Capital | Minority | ||
BDC Capital | Growth/Expansion | Minority | ||
Caisse de dépôt et placement du Québec | Asset Manager | Minority | ||
Carrier Global | Corporation | Minority |
ecobee Acquisitions (1)
ecobee’s most recent deal was a Merger/Acquisition with Cocoon (Electronics).
Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
---|---|---|---|---|---|
Cocoon (Electronics) | Merger/Acquisition | Electronics (B2C) |
ecobee FAQs
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When was ecobee founded?
ecobee was founded in 2007.
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Where is ecobee headquartered?
ecobee is headquartered in Toronto, Canada.
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What is the size of ecobee?
ecobee has 592 total employees.
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What industry is ecobee in?
ecobee’s primary industry is Electronic Equipment and Instruments.
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Is ecobee a private or public company?
ecobee is a Private company.
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What is the current valuation of ecobee?
The current valuation of ecobee is
. -
What is ecobee’s current revenue?
The current revenue for ecobee is
. -
How much funding has ecobee raised over time?
ecobee has raised $160M.
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Who are ecobee’s investors?
AGL New Energy Investments, Amazon Alexa Fund, BDC Capital, Caisse de dépôt et placement du Québec, and Carrier Global are 5 of 17 investors who have invested in ecobee.
-
Who are ecobee’s competitors?
Zen Ecosystems, Mysa, Building36, ThinkEco, and Netatmo are some of the 10 competitors of ecobee.
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When was ecobee acquired?
ecobee was acquired on 01-Dec-2021.
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Who acquired ecobee?
ecobee was acquired by Generac Power Systems.
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