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ecobee

Energy · Toronto, Canada · Founded 2007

Smart thermostats keep your home comfortable while conserving energy and saving money MoreLess

Ecobee is a forward-thinking company that specializes in designing smart home devices aimed at enhancing comfort, security, and energy efficiency. Their product lineup includes intelligent thermostats, cameras, and sensors that seamlessly integrate with other smart home systems. Ecobee's flagship product, the SmartThermostat, is notable for its voice control capabilities via Siri and Alexa, allowing users to manage their home environment with simple voice commands.

The company primarily serves homeowners who are looking to optimize their living spaces through technology. Ecobee operates in the smart home market, a rapidly growing sector driven by increasing consumer demand for convenience, security, and energy savings. Their products are particularly appealing to tech-savvy individuals and environmentally conscious consumers who want to reduce their carbon footprint.

Ecobee's business model revolves around the sale of its smart devices and related accessories. They generate revenue by selling these products directly through their website and through various retail partners. Additionally, they offer subscription-based services for enhanced features, such as advanced home monitoring and security options.

The company has made significant strides in energy efficiency, claiming to have maximized energy savings in over one million homes. This not only benefits the environment but also helps customers save on their energy bills. Ecobee's commitment to data privacy and user-friendly design further enhances its appeal, making it a trusted name in the smart home industry.

In summary, Ecobee is a leader in the smart home market, offering innovative solutions that improve home comfort, security, and energy efficiency. Their products are designed to work effortlessly on their own and with other smart home systems, providing a seamless user experience.

Keywords: SmartThermostat, energy efficiency, smart home, voice control, security, sensors, Alexa, Siri, home automation, eco-friendly.

Company overview

ecobee company information

The essential company record, classifications and operating signals in one place.

Status
Acquired
Founded
2007
Headquarters
Toronto, Canada
Employees
536
Open positions
29
Dealroom signal
73.2
client focusb2bclient focusb2ctechnologyHardwaresub industryEnergy EfficiencytechnologyIoT InternetOfThingsbusiness modelManufacturingsectorMoney ManagementsectorSmart HomesectorSustainable Development GoalssectorCooling TechsectorUrban TechsectorBuilding CoolingsectorClimate TechsectorBuilding Energy Efficiency

Valuation & funding

ecobee funding history

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
ACQUISITIONOther financing Nov 2021 $770M $770M Generac Power Systems
LATE VCOther financing May 2020 $0 Energy Impact Partners
SERIES COther financing May 2018 $36M $144M Amazon · BDC Capital · AGL Energy · Amazon Alexa Fund
SERIES COther financing Mar 2018 $80M $320M Northleaf · Thomvest Ventures · Relay Ventures · GXP Investments
EARLY VCOther financing Aug 2016 $0 Amazon Alexa Fund
SERIES BOther financing Aug 2016 Amazon Alexa Fund · Thomvest Ventures · Relay Ventures
SERIES BOther financing Aug 2012 Tech Capital Partners · Relay Ventures · Just Energy
EARLY VCOther financing Jan 2010 Relay Ventures · Ontario Capital Growth · Tech Capital Partners
EARLY VCOther financing Jan 2007 Investeco Capital · Relay Ventures · Tech Capital Partners
Showing 9 recorded eventsUnlock the complete deal history →

Growth signals

ecobee website traffic

Latest recorded traffic for ecobee is 2M monthly website visits, up 81.8% over the last three months. ecobee's team grew 5.3% over the past year.

Latest monthly visits2M 3-month web change+81.8% 1-year team growth+5.3%
Monthly website visits124 observations · Apr 2016–Jul 2026
Hover or focus a point to see its exact monthly valueCompare with peers →

Comparisons

ecobee compared with similar companies

Dealroom’s weighted taxonomy model identifies the closest operating peers. Company identity and context stay open; selected comparison metrics preview what is available in the platform.

Showing 8 of the closest matchesCompare every metric →

Talent graph

ecobee's talent

Book a demo to see the people
Team profiled 54 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 3 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Investors

16 investors on ecobee's cap table

Sourced from Dealroom's funding and investor records. Investor profile links are shown where available.

Series A 7 investors entered at this stage
Investeco Capital
Relay Ventures
Tech Capital Partners
Ontario Capital Growth
Just Energy
Amazon Alexa Fund
Thomvest Ventures
Series B+ 8 investors entered at this stage
Energy Impact Partners
Northleaf
GXP Investments
Export Development Canada
Amazon
La Caisse
BDC Capital
AGL Energy
Other known 1 additional known investor
Generac Power Systems

Global footprint

Where ecobee has talent and traffic

Workforce by country
6 countries with
team presence
🇨🇦 Canada91.3%
🇺🇸 United States4.7%
🇬🇧 United Kingdom3.3%
🇦🇪 United Arab Emirates0.2%
🇧🇷 Brazil0.2%
Top 5 of 6 shown

In the news

Latest news about ecobee

Recent press, funding announcements, and product moves mentioning ecobee — open to read from the original sources.

See all news

Market sentiment

What the market is saying about ecobee

An AI-synthesized read of the highest-engagement posts about ecobee on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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