# EcoFactor

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

- Industry: Software
- Headquarters: Redwood City, US
- Website: www.ecofactor.com
- Total disclosed funding: $16M
- Latest round: Series B (Oct 15, 2013)
- Investors on record: 4

## About

EcoFactor is a provider of innovative residential energy solutions, enhancing energy efficiency through advanced automation and analytics to help consumers save on energy costs and improve comfort.Founded in 2006 in Redwood City, US, EcoFactor specializes in energy management solutions aimed at optimizing residential energy usage. The company has attracted investment through funding rounds, including a recent Series B round in October 2013, raising USD 10.00 mn from notable investors such as Aster Capital, Claremont Creek Ventures, NRG Energy, Inc., and RockPort Capital Partners. The current company valuation is USD 42.53 mn, consolidating its position in the energy technology sector. The company is led by Kamil Job, Matthew Plante, and Shayan Habib.EcoFactor provides a comprehensive suite of residential energy solutions focused on maximizing energy efficiency and consumer savings. The core offerings include Proactive Energy Efficiency, Optimized Demand Response, and HVAC Performance Monitoring, all supported by a robust cloud-based platform. These services leverage patented algorithms to analyze large datasets, allowing for intelligent automation of thermostat settings to reduce energy costs and improve overall comfort for homeowners. The end users of these services primarily include residential consumers, with EcoFactor also serving a diverse client base composed of utilities, home service providers, and energy retailers across various geographic markets in North America. Through these solutions, EcoFactor aims to address common issues related to energy consumption, especially in regions experiencing extreme weather conditions.EcoFactor generates revenue through a business model that encompasses partnerships with utilities and direct engagements with consumers. The company’s offerings are structured around subscription-based services that allow clients to access various features of the platform, such as energy analytics and performance monitoring. Transactions typically occur between EcoFactor and its clients, who may include utilities looking to enhance their energy efficiency programs or homeowners seeking to optimize their energy usage. Specific pricing plans for the services are aligned with the unique needs of clients, providing flexibility in how they utilize EcoFactor’s technology. The flagship products, which enhance user engagement and energy savings, are integral to the firm's revenue strategy, ensuring a consistent flow of income from both B2B and direct-to-consumer channels.In October 2013, EcoFactor raised USD 10.00 mn in Series B funding to support its growth initiatives. The company plans to expand its product offerings in the near future, including new features designed to enhance energy analytics and consumer engagement. Specific geographic markets targeted for expansion remain to be detailed, although the company aims to broaden its footprint across North America. The recent funding will be utilized to accelerate these initiatives and enhance the technology underpinning their energy solutions.

## Funding rounds

- Series B, Oct 15, 2013, $10M — RockPort Capital Partners, Claremont Creek Ventures, Aster Capital, NRG Energy, Inc.
- Series A, Apr 6, 2010, $3.5M — RockPort Capital Partners, Claremont Creek Ventures
- Series A, Jan 4, 2010, $2.4M — Claremont Creek Ventures

## Investors

- Claremont Creek Ventures (https://capitalatlas.ai/funds/claremont-creek-ventures) — Series A, Series B
- RockPort Capital Partners (https://capitalatlas.ai/funds/rockport-capital-partners) — Series A, Series B
- Aster Capital (https://capitalatlas.ai/funds/aster-capital) — Series B
- NRG Energy, Inc. — Series B