# Ecobot

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ecobot

- Industry: Software
- Headquarters: Asheville, US
- Website: www.ecobotapp.com
- Total disclosed funding: $4M
- Latest round: Seed (Dec 21, 2021)
- Investors on record: 7

## About

Ecobot, Inc. develops advanced software solutions for environmental consultants, focusing on enhancing efficiency in wetland and stream assessments through innovative mobile and cloud-based applications.Founded in 2015 in Asheville, US, Ecobot, Inc. specializes in software for environmental assessment. The company has completed a total of 4 deals, with its latest funding round on December 21, 2021. During this SEED round, it raised USD 2.8 mn, led by Cultivation Capital, with contributions from several investors including Charlotte Angel Fund and Runway Venture Partners. Lee Lance and Lina González serve as co-founders and current CEOs.Ecobot specializes in providing cutting-edge software solutions designed to streamline wetland and stream assessments for environmental consultants. Its core product offerings include the Ecobot Collector, a mobile application for iOS and Android that facilitates data collection in the field, and the Ecobot Manager, a cloud-based platform that optimizes data management and compliance with regulatory requirements. Together, these products enhance efficiency, data accuracy, and reporting capabilities, enabling environmental professionals to save time and resources during the assessment process. Ecobot’s user base spans a variety of sectors including architectural, engineering, and construction (AEC) firms, as well as government agencies at the county, state, and federal levels, the mitigation banking industry, and companies in the utility, energy, and oil and gas sectors. The company's software is utilized extensively across North America, particularly in regions with significant environmental assessment activity, including but not limited to wetland-rich areas.Ecobot generates revenue primarily through a subscription-based model that provides access to its software platforms. Clients, which include environmental consulting firms and governmental agencies, engage with Ecobot's services via annual or monthly subscription plans, thereby ensuring continuous access to updates and support. The transactions typically involve a straightforward B2B structure, with customers subscribing to the Ecobot platform based on their specific needs for field data collection and management. Given the company’s emphasis on providing tailored solutions, pricing structures are designed to accommodate varying scales of operations, from small consultancies to large governmental departments. The flagship products, Ecobot Collector and Ecobot Manager, are integral to this revenue model, supporting the company’s growth trajectory in the environmental consulting software market.In December 2021, Ecobot, Inc. raised USD 2.8 mn in Seed funding to enhance its software offerings. The company plans to utilize this funding to develop additional project management tools and to hire new talent. Ecobot aims to expand into new geographic markets, particularly targeting regions with increasing regulatory demands and environmental assessment needs. Specific timelines for these expansions have yet to be disclosed, but the focus will remain on supporting the enhancement of its software solutions.

## Funding rounds

- Seed, Dec 21, 2021, $2.8M — Cultivation Capital, Cofounders Capital, Runway Venture Partners, Charlotte Angel Fund, Shadow Ventures, SaaS Ventures, Stout Street Capital
- Seed, Dec 27, 2019 — Cofounders Capital
- Seed, Dec 4, 2019, $0.7M — Cofounders Capital
- Seed, Nov 16, 2018, $0.5M — Cofounders Capital

## Investors

- Cofounders Capital (https://capitalatlas.ai/funds/cofounders-capital) — Seed
- Cultivation Capital (https://capitalatlas.ai/funds/cultivation-capital) — Seed
- Runway Venture Partners (https://capitalatlas.ai/funds/runway-venture-partners) — Seed
- Charlotte Angel Fund — Seed
- Shadow Ventures (https://capitalatlas.ai/funds/shadow-ventures) — Seed
- SaaS Ventures (https://capitalatlas.ai/funds/saas-ventures) — Seed
- Stout Street Capital (https://capitalatlas.ai/funds/stout-street-capital) — Seed