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- Making smart thermostats sleek and easy to use, Munich's tado° brings home €43 million
Making smart thermostats sleek and easy to use, Munich's tado° brings home €43 million
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A veteran of smart energy thermostats, tado° is now iterating product having lured a healthy slate of additional funding.
Munich's tado° has been around for a while. Since launch in 2011, tado° has grown market share for its consumer friendly smart thermostats, designed to reduce friction by offering compatibility with as many as 95% of European home builds.
The team expects to become profitable sometime this year, and with that in mind, it's closing on another €43 million cash injection provided by investors Trill Impact Ventures, Bayern Kapital, Kiko Ventures, and Swisscanto, among others.
Last year, sales…
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Matteo Belardi on LinkedIn: Munich startup building smart thermostats aims to become profitable with…
Matteo Belardi on LinkedIn: Munich startup building smart thermostats aims to become profitable with…
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