EcoFactor Obtains $3,500,000 New Funding Round
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=1d880b84-72df-4ffb-b09a-3a3b50fac044&Preview=1 -
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
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Venture Investor
Rockport Capital Partners -
Venture Investor
Claremont Creek Ventures
