Context
Founded in 2011, tado° is the leader in intelligent home climate management.
tado° Smart Thermostats connect heating and air conditioning systems to the internet. The smartphone app detects when residents are leaving or approaching home, or when windows are opened, to set temperatures efficiently. Additionally, weather forecasts and adapting algorithms further contribute to save up to 31% on heating costs, while improving comfort at home.
The number of smart homes in Europe and North America will reach 91 million by 2020 - a key driver for smart home adoption is the rise of home assistants such as Apple HomeKit, the Google Assistant and Amazon Alexa.
The additional funds raised will be used to strengthen tado°s market position with best-in-class products and to extend its service offerings.
About Tado
Founded in Munich, 2011, tado° is the leader in intelligent home climate management. With its Smart Thermostats for heating and cooling, tado° works as your Climate Assistant with Skills such as Geofencing, Weather Adaptation, Open Window Detection, Air Comfort, and Boiler Repair Services. With 180 employees, tado° reshapes the way energy is consumed at home for more comfort, savings, and wellbeing.
Deal Team
Should you want to know more about this transaction, you can contact one of the team members above
Bryan, Garnier & Co advises tado° on its USD 50 million financing round – attracting international investment from Amazon, E.ON, Total, Energy Innovation Capital, WS Capital and the European Investment Bank to bring total funding to USD 102 million
tado°, the leader in intelligent home climate management, attracts USD 50 million in international investment from Amazon, E.ON, Total, Energy Innovation Capital, WS Capital, and the European Investment Bank to bring total funding to USD 102 million.
Bryan, Garnier & Co has been advising tado° since its early days and acted as the exclusive financial advisor to tado° and its shareholders on the transaction.
This transaction exemplifies our long-term commitment to clients and shareholders to help them meet their objectives.
It also confirms Bryan Garnier’s deep understanding of the energy landscape and relationships with strategic and financial sponsors.
Bryan, Garnier & Co deep industry expertise and research capacity in the sector, combined with our experience in leading late stage growth financing rounds, enabled the company to structure an optimal transaction to support its international expansion strategy in a fast-growing market.
Share