tado° closes new financing round with US$ 50 million

25 Oct 2018

tado° closes new financing round with US$ 50 million

Titel: Tado

tado°, the market leader for intelligent climate management, has raised US$ 50 million (€43 million) in a new financing round. Participants in the round include Amazon, E.ON, Total Energy Ventures, Energy Innovation Capital, Inven Capital and the European Investment Bank. This increases tado°'s total financing to US$102 million (€89 million).
With the new capital, the company, which has been a member of the Deutsche Börse Venture Network since April 2016, intends to strengthen its market position. Investments in the development of high-quality products and new service offerings are planned in order to further increase customer benefits. The tado° service includes the intelligent regulation of heating and air conditioning systems to increase their energy efficiency.

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