What is Tado?
Founded in 2011 and headquartered in Germany, Tado° is a prominent provider of intelligent climate control solutions for residential and commercial spaces. The company's technology autonomously manages heating and cooling systems by detecting occupancy, integrating real-time weather forecasts, and considering building characteristics. This approach not only enhances comfort but also drives significant energy and cost savings for its users, positioning Tado as a key player in the smart home and energy efficiency 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 Target Partners and Shortcut Ventures
Series A (2014): $13.6M led by Shortcut Ventures and Target Partners
Private Equity (2015): $17.1M supported by Target Partners, Shortcut Ventures, BayBG, and Statkraft Ventures
Private Equity (2016): $23M featuring Target Partners, Statkraft Ventures, Shortcut Ventures, Inven Capital, and BayBG
Unspecified (2018): $50M backed by Inven Capital, European Investment Bank, E.On, Total Energy Ventures, Energy Innovation Capital, and Alexa Fund
Unspecified (2021): $46M with participation from noventic
Other Financing Round (2023): $60M led by Bayern Kapital, Trill Impact Ventures, Swisscanto Asset Management International, Kiko Ventures, and S2G Ventures
Key Investors in Tado
Bayern Kapital
Bayern Kapital is a leading venture capital investor in Bavaria, focusing on innovative, technology-oriented startups and companies across various sectors including High-Tech, DeepTech, and Life Sciences. They provide tailored financing solutions ranging from seed funds to growth funds, with investments of up to 50 million euros per company. As a reliable anchor investor, they support entrepreneurs through multiple funding rounds, fostering sustainable innovation in the region. With over 30 years of experience, Bayern Kapital actively manages a portfolio of 120 companies, contributing significantly to the development of the startup ecosystem in Bavaria and Germany.
Inven Capital
Inven Capital is a venture capital fund that invests in innovative startups focused on climate technology across Europe and Israel. With a commitment of EUR 500 million from institutional investors and global corporates, they aim to support visionary founders who prioritize impact over profit. Their portfolio includes companies that tackle various challenges, such as decarbonizing homes, electrifying vehicles, and creating sustainable energy solutions. Inven Capital fosters diversity and aims to create job opportunities while nurturing new leadership in the climate tech sector.
S2G Ventures
S2G Ventures (Seed 2 Growth) is a multi-stage food and agriculture venture fund investing in entrepreneurs whose products and services meet the shifting demands for healthy and sustainable food. S2G looks for companies that can take leadership positions in emerging and fast growing markets in the food and agriculture sector. We make investments spanning the entire food supply chain from soil to shelf, finding the inflection points where innovation and capital can better align the food system to meet changing consumer demands.
What's next for Tado?
The recent major strategic investment in Tado signals a new phase of expansion and innovation. This capital infusion is expected to fuel further development of its smart climate control technology, potentially broadening its market reach and enhancing its product offerings. The company is well-positioned to capitalize on the growing demand for energy-efficient solutions and smart home integration, further solidifying its market leadership.
See full Tado company page
