EcoFactor Closes $8M Venture Funding

EcoFactor, a Redwood City, Calif.-based provider of residential energy management service solutions, has closed an $8m venture funding.

Backers include new investor Aster Capital, and existing financing from Claremont Creek Ventures and RockPort Capital Partners.

Founded in 2006 and led by Roy Johnson, CEO, EcoFactor provides service providers with a cloud-based platform that uses data analytics and algorithms to enable them to deploy and support an intelligent, automated home energy management service. The company is currently running large-scale implementations and pilot programs with broadband providers, utilities and HVAC service companies across North America.



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