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.

Discover Tado

Falk Müller-Veerse

Investment Banking

Dr. Nicholas Hanser

Investment Banking

Olivier Beaudouin

Investment Banking

Priyanshu Bhattacharya

Deal Team

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