Total amount raised
$106.6 Million
Latest funding date
1/1/2025
Location
Ecozen has successfully raised funding through 15 rounds, with the latest being debt financing, supported by 23 investors including Northern Arc and responsAbility Investments AG. The company is a technology leader in creating a farm-to-fork value chain for perishables, focusing on sustainable agricultural solutions.
Keep reading to explore the intricacies of Ecozen's fundraising journey and the investors backing this innovative platform.
What Is Ecozen?
Ecozen is a technology company based in Pune, Maharashtra, India, specializing in agricultural technology solutions. The company operates in industries such as Agriculture, AgTech, CleanTech, and Energy, with an employee count ranging from 251 to 500.
Ecozen's innovative products include solar-powered systems like Solar AC, solar cold storage (Ecofrost), and solar pump controllers (Ecotron). The company is committed to creating a sustainable future by leveraging clean energy and advanced technology to improve agricultural efficiency and reduce wastage.
How Much Funding Has Ecozen Raised?
- Debt Financing
- Amount Raised: USD 23,000,000
- Date: January 2025
- Lead Investors: responsAbility Investments AG, Northern Arc Capital, Maanaveeya Development & Finance
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale Ecozen's flagship solutions and strengthen its position in sustainable technologies.
- Series Unknown
- Amount Raised: INR 240,000,000 (approx. USD 3,000,000)
- Date: May 2024
- Lead Investors: Dare Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Likely for scaling operations and technological advancements.
- Series Unknown
- Amount Raised: USD 30,000,000
- Date: April 2024
- Lead Investors: Nuveen
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Likely for scaling operations and technological advancements.
- Debt Financing
- Date: April 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Likely for scaling operations and technological advancements.
- Series C
- Amount Raised: INR 2,864,000,000 (approx. USD 35,800,000)
- Date: January 2023
- Lead Investors: Dare Ventures, Nuveen
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand Ecozen's product portfolio and market reach.
- Debt Financing
- Date: January 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Likely for scaling operations and technological advancements.
- Debt Financing
- Date: June 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Likely for scaling operations and technological advancements.
- Series C
- Amount Raised: INR 540,000,000 (approx. USD 6,750,000)
- Date: June 2022
- Lead Investors: Dare Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand Ecozen's product portfolio and market reach.
- Series B
- Amount Raised: USD 6,000,000
- Date: December 2019
- Lead Investors: Sathguru Catalyser Advisors
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product development and market expansion.
- Series A
- Date: July 2019
- Lead Investors: Caspian Impact Investments, Triodos Investment Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support early-stage growth and product development.
Total Amount Raised: USD 127,550,000
Current Valuation: Not publicly disclosed
Key Investors
- Northern Arc Capital
- Details: Northern Arc Capital is a financial services company in India that provides debt financing to under-served segments. It has been involved in multiple debt financing rounds for Ecozen.
- Investment Focus Areas: Microfinance, small business loans, affordable housing.
- Notable Investments: Financing for microfinance institutions, loans for small and medium enterprises (SMEs), affordable housing projects in India.
- responsAbility Investments AG
- Details: responsAbility Investments AG is a Zurich-based asset manager specializing in development investments. It has participated in multiple debt financing rounds for Ecozen.
- Investment Focus Areas: Financial inclusion, sustainable food, climate finance.
- Notable Investments: Investments in microfinance institutions, renewable energy projects in developing countries.
- Maanaveeya Development & Finance
- Details: Maanaveeya Development & Finance is an Indian subsidiary of Oikocredit, a social impact investor. It has contributed to debt financing rounds for Ecozen.
- Investment Focus Areas: Financial inclusion, agriculture, renewable energy.
- Notable Investments: Funding for agricultural cooperatives, renewable energy projects, microfinance institutions in India.
- Dare Ventures
- Details: Dare Ventures is a venture capital firm that has led multiple funding rounds for Ecozen. It focuses on early-stage investments in innovative companies.
- Investment Focus Areas: Agriculture, technology, clean energy.
- Notable Investments: Investments in early-stage AgTech companies, clean energy startups.
- Nuveen
- Details: Nuveen is a global investment manager that provides a range of financial services. It has led significant funding rounds for Ecozen.
- Investment Focus Areas: Real estate, agriculture, infrastructure.
- Notable Investments: Investments in large-scale agricultural projects, infrastructure development projects.
What's Next for Ecozen?
Ecozen stands at the cusp of significant opportunities, driven by the increasing demand for sustainable, climate-smart solutions. With a compound annual growth rate of over 83% in revenue, the company is poised to scale its flagship products like Ecotron and Ecofrost, and expand its product portfolio to include advanced motor control systems and e-bike controllers. This growth trajectory is supported by the recent $23 million debt funding, which underscores strong investor confidence and sets the stage for future fundraising opportunities.
As Ecozen continues to grow, it may attract further investments to support its expansion into new markets and the development of innovative technologies. However, the company will need to navigate challenges such as scaling production to meet demand, maintaining high growth rates, and staying ahead in a competitive industry. By leveraging its expertise in climate-smart technology, Ecozen is well-positioned to make a substantial impact on the renewable energy sector and beyond.
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