Carrier makes minority equity investment in VC-backed Ecobee
Carrier Corp has made a minority investment in ecobee Inc, a Toronto-based provider of energy conservation solutions. The equity investment, the value of which was not disclosed, expands the strategic relationship formed between Carrier and ecobee, which has recently focused on the latter's digital programmable thermostat technology. The Farmington, Connecticut-based Carrier is a specialist in heating, ventilating and air-conditioning systems. Founded in 2007, ecobee is backed by a number of Canadian venture capital firms, including Relay Ventures, Tech Capital Partners and the Ontario Emerging Technologies Fund.
26 January 2015•3 mins read
