EcoFactor Obtains $3,500,000 New Funding Round

  • Feed Type
  • Date
    4/6/2010
  • Company Name
    EcoFactor
  • Mailing Address
    990 Industrial Rd San Carlos, CA 94070
  • Company Description
    EcoFactor’s solution operates with off-the-shelf hardware and is hosted on-demand so there is no software to install or maintain. Other solutions require expensive thermostats, costly hardware that needs to be updated regularly, and manual updates for new features.
  • Website
    http://www.ecofactor.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $3,500,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    The Series A round will help EcoFactor execute on commercial deployments of its residential energy management service. EcoFactor is currently deploying its award-winning energy management service in several markets through a variety of major channel partners.
  • M&A Terms
  • Venture Investor
    Rockport Capital Partners
  • Venture Investor
    Claremont Creek Ventures