ecobee Overview

  • Year Founded
  • 2007

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 592

Employees

  • Latest Deal Type
  • M&A

  • Latest Deal Amount
  • $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
Formerly Known As
Avaning
Ownership Status
Acquired/Merged
(Operating Subsidiary)
Financing Status
Formerly VC-backed
Corporate Office
  • 207 Queens Quay West
  • Suite 600
  • Toronto, Ontario M5J 1A7
  • Canada
+1 (877)
Primary Industry
Electronic Equipment and Instruments
Other Industries
Specialty Retail
Electronics (B2C)
Parent Company
Generac Power Systems
Vertical(s)
CleanTech, Manufacturing, TMT, Internet of Things
Corporate Office
  • 207 Queens Quay West
  • Suite 600
  • Toronto, Ontario M5J 1A7
  • Canada
+1 (877)

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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
To view ecobee’s complete valuation and funding history, request access »

ecobee Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Developer of smart home monitoring devices designed to deliver intelligent energy management. The company's devices are
Electronic Equipment and Instruments
Toronto, Canada
592 As of 2024

Newport Beach, CA
 

St. John's, Canada
 
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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
You’re viewing 5 of 10 competitors. Get the full list »

ecobee Patents

  • 36

    Total Documents Applications and Grants

  • Total Patents Families

  • 18

    Granted

  • 1

    Pending

  • Expiring in next 12 mo

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
To view ecobee’s complete patent history, request access »

ecobee Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

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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
You’re viewing 5 of 17 investors. Get the full list »

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)
To view ecobee’s complete acquisitions history, request access »

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ecobee FAQs

  • When was ecobee founded?

    ecobee was founded in 2007.

  • Where is ecobee headquartered?

    ecobee is headquartered in Toronto, Canada.

  • What is the size of ecobee?

    ecobee has 592 total employees.

  • What industry is ecobee in?

    ecobee’s primary industry is Electronic Equipment and Instruments.

  • Is ecobee a private or public company?

    ecobee is a Private company.

  • 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.

  • 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.

  • When was ecobee acquired?

    ecobee was acquired on 01-Dec-2021.

  • Who acquired ecobee?

    ecobee was acquired by Generac Power Systems.

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