tado° is a Munich-based smart-home technology company founded in 2011, specializing in intelligent climate-control solutions like smart thermostats, radiator controls, heat pump optimizers, and AC devices to enhance energy efficiency and sustainability in residential settings.[1][2] It serves homeowners and renters across 20 countries, solving the problem of high energy waste in heating and cooling—responsible for about a third of global energy use—by integrating hardware, a powerful smartphone app, and AI-driven services that adapt to user behavior, weather, and real-time energy prices, saving users up to 55% more energy, reducing costs (e.g., £244/year on average UK gas bills), and cutting CO2 emissions (over 2.5 million tons saved).[2][4][5] With over 5 million devices installed and 100+ employees, tado° leads the European smart heating market, bolstered by partnerships with energy giants like OVO, Octopus Energy, E.ON, Engie, Eni, and Amazon.[1][2]
tado° was founded in 2011 in Munich, Germany, by a team driven by the mission to enable smart energy management without sacrificing comfort, starting with internet-connected heating systems.[1][2][3] The idea emerged from recognizing massive energy inefficiency in home climate control, leading to early innovations like smart thermostats in 2012 and Smart AC Control in 2015, which use real-time data on user habits, weather, and building traits.[3] Pivotal moments include rapid scaling to over 5 million thermostats across 20 countries, the 2022 acquisition of aWATTar for dynamic energy tariffs, and exclusive partnerships with major energy providers, cementing its market leadership.[1][2]
tado° rides the surging demand for smart homes (projected 500-700M globally by 2020) and IoT cleantech, capitalizing on energy crises, net-zero mandates, and rising electricity costs to make sustainability convenient.[1][3] Timing aligns with Europe's push for efficient heat pumps and dynamic tariffs amid gas shortages, amplified by post-2022 energy volatility; market forces like regulatory CO2 targets and consumer shift to AI-automated homes favor its model.[1][2][5] It influences the ecosystem by partnering with energy incumbents and platforms like SmartThings, accelerating adoption of data-driven energy savings and setting standards for residential decarbonization.[2][6]
tado° is poised to expand AI enhancements, heat pump bundles, and solar/EV integrations amid growing electrification and AI in homes, potentially doubling its device base as dynamic pricing and regulations proliferate.[1][4] Trends like real-time energy markets and stricter EU emissions rules will propel growth, evolving its role from heating leader to full-home energy orchestrator—tying back to its core promise of syncing homes with nature for effortless sustainability.[2]
tado° has raised $110.0M in total across 6 funding rounds.
tado°'s investors include Leap Forward Ventures, Verve Ventures, Energy Impact Partners, Target Partners, oliver holle.
tado° has raised $110.0M across 6 funding rounds. Most recently, it raised $50.0M Series F in October 2018.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Oct 1, 2018 | $50.0M Series F | Leap Forward Ventures, Verve Ventures | |
| Apr 1, 2016 | $23.0M Series E | Energy Impact Partners, Target Partners, oliver holle | |
| Oct 1, 2015 | $17.0M Series D | Energy Impact Partners, Target Partners, oliver holle | |
| Jul 1, 2014 | $15.0M Series C | Target Partners, oliver holle | |
| Sep 1, 2013 | $3.0M Series B | Target Partners, oliver holle | |
| Feb 1, 2012 | $2.0M Series A | Target Partners, oliver holle |
