Rachio is a Denver-based company that creates innovative technology and solutions for outdoor water management. Their flagship product, the Smart Sprinkler Controller, allows users to control their irrigation systems via a mobile app, optimizing water usage based on real-time weather data. Rachio is committed to sustainability, having saved billions of gallons of water since its inception in 2014. As a Certified B Corporation, Rachio emphasizes environmental conservation and social equity, positioning itself as a leader in the smart home and irrigation market.

Denver, CO, USA

Rachio

Consumer electronics

Internet

Water

Smart home

eLab Ventures was founded by a team of passionate entrepreneurs and investors with successful track records in venture capital and creating disruptive startups. Located strategically in both Ann Arbor and Silicon Valley, eLab's mission is to improve the entrepreneurial ecosystem by bridging valuable but scarce resources from the Valley to local entrepreneurs in the Midwest and other emerging ecosystems. Unlike an incubator or accelerator, eLab is a full venture capital fund that can support a startup beyond the seed round and all the way through to final liquidity. eLab also provides formal training in entrepreneurship and shared resources to improve capital efficiency for young companies.

Michigan eLab Investment Co LLC

eLab Ventures

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