Fundraising Fox

Rachio

Denver, US · Founded 2013 · Delaware corporation · 10 known investors

rachio.com

Rachio makes smart irrigation controllers that automatically adjust watering based on weather, season, and local conditions to reduce outdoor water waste for residential properties. The company helps homeowners optimize lawn and garden watering with connected hardware and data-driven personalization.

Climate TechConsumerHardwareIoT

Founders & leadership

Rachio was founded in 2013 by Franz Garsombke and Christopher M. Klein.

FG
Franz GarsombkeCo-founder
CM
Christopher M. KleinCo-founder
GS
Gary StoneExecutive
CK
Christopher KleinNamed on SEC filing
JM
Jordan MendellNamed on SEC filing
CK
Chris Klein
MR
Matt Reisman

Board

RH
Robert HawkBoard director
JH
Jonathan HallettBoard director
KKKarl Khoury
Karl KhouryinBoard directorCo-founder + Partner at Arborview Capital
SA
Sherman AtkinsonBoard director

Investors · 10

Reported raises · per SEC filings

Form D private placements

$20.5M disclosed across 4 rounds · 2014–2017

$10.5MraisedMay 2018 · 13 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Karl KhouryDirector
  • Franz GarsombkeExecutive Officer, Director, Promoter
  • Robert HawkDirector
  • Christopher M. KleinExecutive Officer, Director, Promoter
  • Jonathan HallettDirector
  • Sherman AtkinsonDirector
  • Benjamin CobbDirector
Offering amount
$10.5M
Amount sold
$10.5M
First sale
Dec 2017
Incorporated
Corporation, Delaware, 2013
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$7.1MraisedNov 2015 · 14 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Matthew ReismanPromoter
  • Franz GarsombkeExecutive Officer, Director, Promoter
  • Christopher M. KleinExecutive Officer, Director, Promoter
  • Gary StoneExecutive Officer
  • Robert HawkDirector
  • Jonathan HallettDirector
  • Karl KhouryDirector
  • Sherman AtkinsonDirector
Offering amount
$7.1M
Amount sold
$7.1M
First sale
Nov 2015
Incorporated
Corporation, Delaware, 2013
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$2.5MraisedNov 2014 · 27 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Gary StoneExecutive Officer
  • Franz GarsombkeExecutive Officer, Director
  • Jordan MendellDirector
  • Christopher KleinExecutive Officer, Director, Promoter
Offering amount
$3.4M
Amount sold
$2.5M
Minimum investment
$5K
First sale
Oct 2014
Incorporated
Corporation, Colorado, 2013
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$405KraisedJun 2014 · 4 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Franz GarsombkeExecutive Officer, Director
  • Christopher KleinExecutive Officer, Director
  • Jordan MendellDirector
Offering amount
$500K
Amount sold
$405K
Minimum investment
$5K
First sale
Jun 2014
Incorporated
Corporation, Colorado, 2013
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Competitors · 2

by search overlap

Companies competing with Rachio for the same Google search keywords, organic and paid, via search-intersection analysis.

In the news

Frequently asked questions

What does Rachio do?
Rachio makes smart irrigation controllers that automatically adjust watering based on weather, season, and local conditions to reduce outdoor water waste for residential properties. The company helps homeowners optimize lawn and garden watering with connected hardware and data-driven personalization.
Who founded Rachio?
Rachio was founded by Franz Garsombke, Christopher M. Klein in 2013.
Who are Rachio's investors?
Rachio's investors include 500 Global, Arborview Capital, BLH Venture Partners, LLC, Eastside Partners, eLab Ventures, MetaProp, MetaProp Ventures, Upslope Ventures and 2 more.
How much funding has Rachio raised?
Rachio has disclosed $20.5M raised across 4 rounds.
Where is Rachio headquartered?
Rachio is headquartered in Denver, US.