About tado°
tado° is a company based in Munchen (Germany) founded in 2011.. tado° has raised $245.02 million across 10 funding rounds from investors including Siemens, Zurcher Kantonalbank and Panasonic. The company has 201 employees as of December 31, 2023. tado° has completed 1 acquisition, including aWATTar. tado° offers products and services including Smart Radiator Thermostat X, Smart Thermostat X, and tado° App. tado° operates in a competitive market with competitors including ecobee, MRI Software, Savant Systems, Tibber and Span.IO, among others.
- Headquarter Munchen, Germany
- Employees 201 as on 31 Dec, 2023
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Sectors
Energy & UtilitiesTechnology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Tado Gmbh
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Annual Revenue
$715.19 K (USD)362as on Dec 31, 2023
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Net Profit
$14.35 K (USD)1as on Dec 31, 2023
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EBITDA
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Total Equity Funding
$245.02 M (USD)
in 10 rounds
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Latest Funding Round
$32.7 M (USD), Series E
Mar 18, 2025
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Investors
Siemens
& 20 more
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Employee Count
201
as on Dec 31, 2023
- Investments & Acquisitions
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Products & Services of tado°
tado° offers a comprehensive portfolio of products and services, including Smart Radiator Thermostat X, Smart Thermostat X, and tado° App. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Device for controlling radiator heating efficiently via app.
App-controlled thermostat for room temperature management.
Mobile app for monitoring and optimizing home energy use.
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Funding Insights of tado°
tado° has successfully raised a total of $245.02M across 10 strategic funding rounds. The most recent funding activity was a Series E round of $32.7 million completed in March 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 10
- Last Round Series E — $32.7M
- First Round First Round
- Investors Count 21
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2025 | Amount | Series E - tado° | Valuation |
investors |
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| Apr, 2023 | Amount | Series D - tado° | Valuation | S2G Ventures |
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| Jan, 2023 | Amount | Series D - tado° | Valuation | Trill impact |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in tado°
tado° has secured backing from 21 investors, including institutional and venture fund investors. Prominent investors backing the company include Siemens, Zurcher Kantonalbank and Panasonic. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Stage agnostic venture capital firm
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Founded Year | Domain | Location | |
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High-tech industries are targeted for investments by Bayern Kapital.
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Founded Year | Domain | Location | |
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Venture capital investment in clean tech or climate tech
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by tado°
tado° has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include aWATTar. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Energy transaction and e-charging services are provided by aWATTar.
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2013 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - tado
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Tado° Comparisons
Competitors of tado°
tado° operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as ecobee, MRI Software, Savant Systems, Tibber and Span.IO, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of smart thermostats for commercial and residential applications
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| domain | founded_year | HQ Location |
Property management software is provided for residential and commercial properties.
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| domain | founded_year | HQ Location |
Connected devices are managed via an app and hub system.
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| domain | founded_year | HQ Location |
Provider of solutions for energy monitoring for residential building
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| domain | founded_year | HQ Location |
Smart panels for home energy management are provided by Span.IO.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Tado°
Frequently Asked Questions about tado°
When was tado° founded?
tado° was founded in 2011 and raised its 1st funding round 1 year after it was founded.
Where is tado° located?
tado° is headquartered in Munchen, Germany. It is registered at Munchen, Bayern, Germany.
Who is the current CEO of tado°?
Toon Bouten is the current CEO of tado°.
Is tado° a funded company?
tado° is a funded company, having raised a total of $245.02M across 10 funding rounds to date. The company's 1st funding round was a Series D of $46.84M, raised on Feb 24, 2012.
How many employees does tado° have?
As of Dec 31, 2023, the latest employee count at tado° is 201.
What is the annual revenue of tado°?
Annual revenue of tado° is $715.19K as on Dec 31, 2023.
What does tado° do?
tado was founded in 2011 in Munich, Germany, and operates in the IoT and SaaS sector focused on building energy management. Solutions for optimizing energy use in residential and commercial spaces are delivered through connected devices. Products encompass smart thermostats for air conditioning and radiators, infrared controls for remote AC operation, and wireless temperature sensors integrated with the core offerings. Operations emphasize efficient climate control across European markets.
Who are the top competitors of tado°?
tado°'s top competitors include ecobee, Span.IO and Savant Systems.
What products or services does tado° offer?
tado° offers Smart Radiator Thermostat X, Smart Thermostat X, and tado° App.
How many acquisitions has tado° made?
tado° has made 1 acquisition, including aWATTar.
Who are tado°'s investors?
tado° has 21 investors. Key investors include Siemens, Zurcher Kantonalbank, Panasonic, E.ON, and HomeServe.
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