ecobee, Inventor of the Smart Thermostat, Announces $47M in Additional Funding

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ecobee Inc. today announced it has raised an additional$47MCAD ($36M USD)of investment led by Caisse de dépôt et placement du Québec (CDPQ), AGL Energy Ltd. and Business Development Bank of Canada closing its Series C funding round at more than $127M CAD($98M USD) and bringing ecobee’s total funding to over $200M ($155M USD) to-date.This funding will allow ecobee, the company responsible for inventing the smart thermostat, to continueexpanding its suite of smart home technologies as it moves totransform the way consumers interact with their homes for the better.The company’s continued growth will be supported by the introduction of key additions to ecobee’s leadership teamincluding Jackie Poriadjian-Asch as Chief Marketing and Revenue Officer, Scott Cleaver as Chief Operations Officer and David Brennan, CPA, CA as Chief Financial Officer. false false false Since its founding in 2007, ecobee has acquired more than a third of the smart thermostat market and experienced over 100 percent year-over-year growth, demonstrating strong market demand. In 2017, ecobee introduced the ecobee4 smart thermostat with built-in Amazon Alexa voice control and earlier this year, its Alexa-enabled smart light switch, ecobee Switch+, bringing the power of voice and intelligence to every room. false false false As ecobee’s new Chief Marketing and Revenue Officer, Jackie Poriadjian-Asch will take on the role of brand steward and lead all aspects of sales and marketing including the end-to-end go-to-market strategyfor the company’s products and services. Poriadjian-Asch will be building on 15+ years of marketing and business development experience for high-growth companies in the media, sports, entertainment and apparel industries. She previously served as CMO at Canada Goose, following nearly a decade at the UFC where she held several roles from leading international distribution to overseeing global brand marketing. false false false Scott Cleaver joins ecobee as Chief Operations Officer,bringing over 25 years of experience to the role. Cleaver willsupport the company’s continued growth by managing and maximizing quality and efficiency all while driving forward the importance of best-in-class customer service. Prior to ecobee, Cleaver served as Chief Operations Officer at Rakuten Kobo Inc. where he led all aspects of the company’s global operations strategy. false false false As ecobee’s Chief Financial Officer, David Brennan will be responsible for building upon ecobee’s sustained profitable growth as the company’s portfolio expands. Previously General Manager atAchievers (a Sequoia-backed company sold to Blackhawk Network) and Vice President of Finance at PixStream (acquired by Cisco), Brennan joins ecobee with over 30 years of experience in accounting, finance and investor relations, with expertise in a number of industries, including technology, banking and public accounting. false false false About ecobee ecobee Inc. introduced the world’s first smart Wi-Fi thermostat to help millions of consumers live better and save more. The company’s mission is to create smarter devices that are beautifully designed, easy to use and provide savings for families, while being good for our planet – most recently realized with its next-generation smart thermostat, ecobee4 and the introduction of the company’s first smart light switch, ecobee Switch+. With ecobee’s pioneering room sensor technology, Amazon Alexa voice service, far-field voice recognition, and a wide array of smart home integrations, ecobee combines smart home technology and voice to help customers manage their home’s comfort, energy and busy lives. For more information, visit www.ecobee.com. About Caisse de dépôt et placement du Québec Caisse de dépôt et placement du Québec (CDPQ) is a long-term institutional investor that manages funds primarily for public and parapublic pension and insurance plans. As of December 31, 2017, it held $298.5 billion in net assets. As one of Canada's leading institutional fund managers, CDPQ invests globally in major financial markets, private equity, infrastructure, real estate and private debt. For more information, visit cdpq.com, follow us on Twitter @LaCDPQ or consult our Facebook or LinkedIn pages.