Smart home platform Ecobee tops up Series C to $127 mln
Ecobee Inc has secured an additional $47 million investment led by Caisse de dépôt et placement du Québec, AGL Energy Ltd and Business Development Bank of Canada (BDC). The deal adds to the $80 million Series C financing raised by the company earlier this year, bringing the total to over $127 million. As a result, Ecobee, a Toronto-based developer of a smart Wi-Fi thermostat, has raised total funding of more than $200 million. President and CEO Stuart Lombard said the funds raised will accelerate the company's growth, in part through additions to management, including Jackie Poriadjian-Asch as chief marketing and revenue officer, Scott Cleaver as COO and David Brennan as CFO.
31 May 2018•5 mins read
