ecobee Raises Additional $36MUSD in Series C Funding
Summary
ecobee Inc., a Toronto, Canada-based maker of a smart thermostat, raised an additional $47M CAD ($36M USD) in Series C funding. The round, led by Caisse de dépôt et placement du Québec (CDPQ), AGL Energy Ltd. and Business Development Bank of Canada, closed at more than $127M CAD ($98M USD) and brings total funding to over $200M ($155M USD) to-date. The company intends to use the funds to continue expanding its suite of smart home technologies. Led by Stuart Lombard, Founder and CEO, Jackie Poriadjian-Asch, Chief Marketing and Revenue Officer, Scott Cleaver, Chief Operations Officer, and David Brennan, CPA, CA Chief Financial Officer, ecobee provides the ecobee4 smart thermostat with built-in Amazon Alexa voice control and Alexa-enabled smart light switch, ecobee Switch+, which brings voice and intelligence to every room.