About Thermondo
Thermondo is a company based in Berlin (Germany) founded in 2012 by Florian Tetzlaff was acquired by Brookfield Asset Management in January 2021.. Thermondo has raised $56.32 million across 5 funding rounds from investors including Eneco, E.ON and Rocket Internet. Thermondo has completed 1 acquisition, including Febesol. Thermondo operates in a competitive market with competitors including OVO Energy, Hometree, Harvest Thermal, Parity and Sealed, among others.
- Headquarter Berlin, Germany
- Founders Florian Tetzlaff
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Sectors
Energy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Thermondo Gmbh
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$56.32 M (USD)
in 5 rounds
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Latest Funding Round
$24.42 M (USD), Series C
Nov 02, 2017
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Investors
Eneco
& 8 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
Brookfield Asset Management
(Jan 08, 2021)
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Funding Insights of Thermondo
Thermondo has successfully raised a total of $56.32M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $24.42 million completed in November 2017. 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 5
- Last Round Series C — $24.4M
- First Round First Round
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2017 | Amount | Series C - Thermondo | Valuation | Eneco , Vorwerk Ventures | |
| May, 2016 | Amount | Series C - Thermondo | Valuation | Global Founders Capital | |
| Apr, 2015 | Amount | Series B - Thermondo | Valuation | Rocket Internet , HV Capital |
| 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 Thermondo
Thermondo has secured backing from 9 investors, including institutional and venture fund investors. Prominent investors backing the company include Eneco, E.ON and Rocket Internet. 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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Vorwerk Ventures is engaged in venture capital funding for tech startups.
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Founded Year | Domain | Location | |
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Venture capital funding is provided to digital company founders.
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Founded Year | Domain | Location | |
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Venture capital firm focused on multiple sectors
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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 Thermondo
Thermondo has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Febesol. 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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Solar systems and photovoltaic solutions are provided regionally.
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2009 |
| 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 - Thermondo
| 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 |
Thermondo Comparisons
Competitors of Thermondo
Thermondo 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 OVO Energy, Hometree, Harvest Thermal, Parity and Sealed, 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 |
Renewable energy is supplied via app-based platform by OVO Energy.
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| domain | founded_year | HQ Location |
Provider of an online platform for home insurance
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| domain | founded_year | HQ Location |
Smart thermal battery HVAC systems are developed for energy optimization.
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| domain | founded_year | HQ Location |
Energy consumption is monitored and optimized via cloud-based platforms.
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| domain | founded_year | HQ Location |
Energy audits are provided for homes and commercial buildings.
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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 Thermondo
Frequently Asked Questions about Thermondo
When was Thermondo founded?
Thermondo was founded in 2012 and raised its 1st funding round 1 year after it was founded.
Where is Thermondo located?
Thermondo is headquartered in Berlin, Germany. It is registered at Berlin, Berlin, Germany.
Is Thermondo a funded company?
Thermondo is a funded company, having raised a total of $56.32M across 5 funding rounds to date. The company's 1st funding round was a Series B of $6.35M, raised on Jul 01, 2013.
What does Thermondo do?
Thermondo was founded in 2012 in Berlin, Germany, as a provider of installation services for heating systems in the residential sector. Operations focus on single-family homes, with offerings that include condensing boilers, solar heaters, fuel cell heaters, gas heaters, oil heaters, and solar thermal solutions. These services address energy-efficient technologies for heating equipment within the German market.
Who are the top competitors of Thermondo?
Thermondo's top competitors include OVO Energy, Hometree and Harvest Thermal.
How many acquisitions has Thermondo made?
Thermondo has made 1 acquisition, including Febesol.
Who are Thermondo's investors?
Thermondo has 9 investors. Key investors include Eneco, E.ON, Rocket Internet, Brookfield Asset Management, and Vorwerk Ventures.