Tech Company Financing Transactions
tado Funding Round
tado secured a $46.8 million funding round on 1/26/2023. Investors included Trill Impact Ventures, Bayern Kapital and Kiko Ventures.
Transaction Overview
Company Name
Announced On
1/26/2023
Transaction Type
Venture Equity
Amount
$46,750,000
Round
Undisclosed
Investors
Proceeds Purpose
The company intends to use the funds to expand its offering in home energy management, by combining its Smart Thermostats with Time-of-Use energy tariffs. To kickstart this opportunity, tado° recently acquired aWATTar GmbH, the pioneer of energy loadshifting and Time-of-Use energy tariffs. The combined business now plans to scale its bundled offering and enable warm homes at the lowest possible cost and CO2 emissions.
Company Information
Company Status
Private & Independent
Industry
Electronics
Mailing Address
Lindwurmstrasse 76
Munich, 80337
Germany
Munich, 80337
Germany
Phone
Website
Email Address
Overview
tado is The Heating App for private homes and small businesses. It adjusts to the residents' behavior in real time and also takes current weather forecasts and building characteristics into account.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Toon Bouten
Chief Marketing Officer
Leopold Bismarck
Chief Technical Officer
Johannes Schwarz
VP - Product Management
Christian Deilmann
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