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tado
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Short description

Developer of a smart thermostat and SaaS platform allowing users to control their home heating and cooling systems from their smart phones

Founded in 2011
Founded in

Company type Private Public ()
Company type

Industry Group energy & power

Sector buildings

TRL Range 9
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

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Headquarters Germany Munich, Germany
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Updated by Paul Hughes at tado° on 11/26/2020

Edited by Cleantech Group on 03/06/2024

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  • 1 M&A items
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Date Company
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Date Partner Type
12/14/2020
OVO Energy OVO Energy
OVO Energy and tado° are to lead the first trial linking smart meters with smart thermostats in UK.The industry first trial will link a member’s smart meter to a tado° smart thermostat to investigate how customers can gain better understanding and control of their energy use through the provision of bespoke information.
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Confirmed by OVO Energy
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IPO INFORMATION

Date

09/16/2022

IPO status

Withdrawn

IPO Type

SPAC

Amount

Initial shares

Ticker symbol

Exchange listed

FRA

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Description

GFJ ESG Acquisition, a German SPAC entity focused specifically on sustainable technologies, said it will combine with tado and list the new company on the Frankfurt exchange. It has now been terminated.

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Date Investors Type Amount
04/04/2023 S2G Investments S2G Investments (1)
Post-money valuation of
The additional capital to the previous round is aimed at turning up the heat on scaling efforts as it sweats profitability in 2023.
 Growth Equity $13,093,680
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