When we profiled three-year-old startup EcoFactor in November the company said it was in the process of raising its Series A round. Well, today the company filed a document with the SEC that says it is in the process of raising $4.5 million, and has already raised $2.39 million partly from Claremont Creek Ventures (CCV’s Nat Goldhaber and Paul Straub are listed on the form).
EcoFactor has developed a service based on smart algorithms that can continuously manage a home’s connected thermostat throughout the day, tweaking the settings ever so slightly to shave off energy consumption, but maintain a comfortable temperature. In November the company emerged out of stealth, announced its first customer, Texas utility Oncor, as well as won the California Cleantech Open.