Smart Thermostat Company ecobee Announces $35 Million Funding Round from Amazon Alexa Fund, Thomvest and Relay Ventures

TORONTO --- ecobee, the company that brought you the smarter Wi-Fi thermostat with room sensors, closes on a funding round from the Amazon Alexa Fund, Thomvest and Relay Ventures. The financing enables ecobee to continue developing leading connected home technologies that make people’s lives simpler and better.

Since its founding in 2007, ecobee has experienced more than 100 percent year-over-year growth, and has recently been named No. 1 on Navigant’s annual Smart Thermostat Leaderboard rankings. ecobee’s rapid growth demonstrates the company’s technical expertise and the exciting promise of the connected home industry.

The ecobee3 smarter Wi-Fi thermostat with room sensors was the first thermostat to be directly compatible with Amazon Echo through the Alexa Smart Home Skill API, offering homeowners the added convenience and comfort of controlling room temperature with their voice. In addition to voice control through Alexa-enabled devices, the ecobee3 delivers an average of 23 percent savings on household heating and cooling bills.

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