What is Tado?
Founded in 2011 and headquartered in Germany, Tado° has established itself as a leader in intelligent climate control systems for private households, small businesses, and shops. The company's innovative technology detects the presence of occupants and adjusts temperature settings accordingly, while also integrating real-time weather forecasting and building characteristics. This sophisticated approach not only enhances comfort but also drives significant savings in energy consumption and costs, positioning Tado as a key player in the sustainable technology sector.
How much funding has Tado raised?
Tado has raised a total of $212.3M across 7 funding rounds:
Angel/Seed
$2.6M
Series A
$13.6M
Private Equity
$17.1M
Private Equity
$23M
Unspecified
$50M
Unspecified
$46M
Other Financing Round
$60M
Angel/Seed (2013): $2.6M with participation from Shortcut Ventures and Target Partners
Series A (2014): $13.6M led by Shortcut Ventures and Target Partners
Private Equity (2015): $17.1M supported by Shortcut Ventures, Statkraft Ventures, BayBG, and Target Partners
Private Equity (2016): $23M featuring Statkraft Ventures, BayBG, Shortcut Ventures, Target Partners, and Inven Capital
Unspecified (2018): $50M backed by European Investment Bank, Total Energy Ventures, Energy Innovation Capital, E.On, Inven Capital, and Alexa Fund
Unspecified (2021): $46M with participation from noventic
Other Financing Round (2023): $60M led by Trill Impact Ventures, Bayern Kapital, Swisscanto Asset Management International, Kiko Ventures, and S2G Ventures
Key Investors in Tado
Trill Impact Ventures
Trill Impact Ventures is an investment firm focused on driving positive societal and environmental impact alongside financial returns. They typically invest in companies that address significant global challenges.
Bayern Kapital
Bayern Kapital is a venture capital investor based in Bavaria, Germany, specializing in technology-oriented startups and companies. They provide financing from seed to growth stages, supporting innovation across various sectors.
Swisscanto Asset Management International
Swisscanto Asset Management International offers a diverse range of investment solutions, including funds and thematic investments, catering to clients seeking sustainable and broad market exposure.
What's next for Tado?
The recent major strategic investment signals a new phase of expansion and development for Tado. This capital infusion is expected to fuel further innovation in its intelligent climate control technology, potentially broadening its market reach and enhancing its product offerings. The company's focus on energy efficiency and smart home integration aligns with growing global demand for sustainable solutions, suggesting a strong trajectory for future growth and market leadership.
See full Tado company page
