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soonicorn
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³Ù²¹»å´Ç° - About the company

³Ù²¹»å´Ç° is a series E company based in Munich (Germany), founded in 2011 by , and . It operates as a Provider of an IoT & SaaS-driven building energy management solution. ³Ù²¹»å´Ç° has raised $245M in funding from investors like Target Partners, Shortcut Ventures and , with a current valuation of $514M. The company has 727 active competitors, including 121 funded and 50 that have exited. Its top competitors include companies like ecobee, Tibber and Savant Systems.

Company Details

Provider of an IoT & SaaS-driven building energy management solution. Provides solutions for smart AC thermostats. Offers IR devices that can control AC from a remote control. The product catalog includes a smart thermostat, smart radiator thermostat, smart AC control, and wireless temperature sensor as an add on to their proprietary products.
Website
Social
Email ID
@tado.com
Phone Number
+49
Key Metrics
Founded Year
2011
Location
Munich, Germany
Stage
Series E
Total Funding
in 10 rounds
Latest Funding Round
Post Money Valuation
as on Jan 17, 2022
Investors
Ranked
Annual Revenue
as on Dec 31, 2023
Employee Count
as on Dec 31, 2023
Similar Companies

Legal entities associated with ³Ù²¹»å´Ç°

³Ù²¹»å´Ç° is associated with 3 legal entities given below:
Legal Entity Name
Date of incorporation
Revenue
Net Profit
Employee Count
Jul 01, 2019
-
230
837
May 30, 2013
$715K (as on Dec 31, 2023)
321
323
Jun 26, 2008
$12.8M (as on Dec 31, 2018)
682
323
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³Ù²¹»å´Ç°'s funding and investors

³Ù²¹»å´Ç° has raised a total funding of $245M over 10 rounds. Its first funding round was on Feb 24, 2012. Its latest funding round was a Series E round on Mar 18, 2025 for $32.7M. 1 investor participated in its latest round, which include Siemens, IP Group, and .

³Ù²¹»å´Ç° has 29 institutional investors including Target Partners, Shortcut Ventures and .

Here is the list of recent funding rounds of ³Ù²¹»å´Ç°:
Date of funding
Funding Amount
Round Name
Post money valuation
Revenue multiple
Investors
Mar 18, 2025
$32.7M
Series E
6783244
1487309
Apr 04, 2023
$13M
Series D
3039898
1689130
Jan 26, 2023
$46.8M
Series D
4141459
6904165
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³Ù²¹»å´Ç°'s founders and board of directors

The founders of ³Ù²¹»å´Ç° are , and . is the CEO of ³Ù²¹»å´Ç°.

³Ù²¹»å´Ç°'s employee count trend

³Ù²¹»å´Ç° has 201 employees as of Dec 23. The total employee count is 16.2% more than what it was in Dec 22. Here is ³Ù²¹»å´Ç°'s employee count trend over the years:
Employee count trend for ³Ù²¹»å´Ç°
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³Ù²¹»å´Ç°'s Competitors and alternates

Top competitors of ³Ù²¹»å´Ç° include ecobee, Tibber and Savant Systems. Here is the list of Top 10 competitors of ³Ù²¹»å´Ç°, ranked by ÃØÃÜÑо¿Ëù score :
Overall Rank
Company Details
Short Description
Total Funding
Investors
ÃØÃÜÑо¿Ëù Score
1st
Logo for ecobee
ecobee
2007, Toronto (Canada), Acquired
Provider of smart thermostats for commercial and residential applications
$155M
, Ìý&²¹³¾±è;Ìý
77/100
2nd
Logo for ³Ù²¹»å´Ç°
2011, Munich (Germany), Series E
Provider of an IoT & SaaS-driven building energy management solution
$245M
Siemens, IP GroupÌý&²¹³¾±è;Ìý
74/100
3rd
Logo for Tibber
Tibber
2016, Stockholm (Sweden), Series C
Provider of solutions for energy monitoring for residential building
$177M
Eight Roads Ventures, Summa EquityÌý&²¹³¾±è;Ìý
68/100
4th
Logo for Savant Systems
Savant Systems
2005, Barnstable (United States), Late Stage
App and hub for connected device management
$90M
67/100
5th
Logo for MRI Software
MRI Software
1971, Solon (United States), Acquired
Provider of property management software for residential and commercial properties
$125M
SLR Investment Corp, Harvest PartnersÌý&²¹³¾±è;Ìý
67/100
6th
Logo for Span.IO
Span.IO
2014, San Francisco (United States), Series B
Provider of smart panel for home energy management
$231M
66/100
7th
Logo for Resideo
Resideo
2018, Wilmington (United States), Public
Provider of app-based solutions for home automation
-
-
63/100
8th
Logo for Swell Energy
Swell Energy
2014, Santa Monica (United States), Series B
Reseller and installer of energy storage devices
$134M
Third Sphere, SoftBank Vision FundÌý&²¹³¾±è;Ìý
62/100
9th
Logo for Smart Joules
Smart Joules
2014, Delhi (India), Series A
AI-powered energy management and HVAC solution
$7.39M
cKinetics, Sangam VenturesÌý&²¹³¾±è;Ìý
61/100
10th
Logo for EnOcean
EnOcean
2001, Oberhaching (Germany), Series B
Developer of an energy-harvesting wireless technology solution
$36.8M
, Cipio PartnersÌý&²¹³¾±è;Ìý
60/100
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³Ù²¹»å´Ç°'s Investments and acquisitions

³Ù²¹»å´Ç° has made no investments or acquisitions yet.

Reports related to ³Ù²¹»å´Ç°

Here is the latest report on ³Ù²¹»å´Ç°'s sector:
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News related to ³Ù²¹»å´Ç°

Media has covered ³Ù²¹»å´Ç° for a total of 3 events in the last 1 year, 1 of them has been about company updates.
•
Startup Rise EU•Mar 18, 2025•³Ù²¹»å´Ç°,
•
Cooling Post•Mar 17, 2025•, ³Ù²¹»å´Ç°,
•
The Verge•May 15, 2024•³Ù²¹»å´Ç°
•
Europa Press•Aug 31, 2023•³Ù²¹»å´Ç°
•
Europa Press•Aug 02, 2023•³Ù²¹»å´Ç°
•
Tech.eu•Apr 04, 2023•³Ù²¹»å´Ç°, S2G Ventures, Trill impact, Bayern Kapital and 4 others
•
egirisim•Jan 27, 2023•³Ù²¹»å´Ç°, Trill Ventures Group, Bayern Kapital, Kiko Ventures and 4 others
•
Business Wire•Aug 16, 2022•Mila, ³Ù²¹»å´Ç°
•
One News Page•Jan 19, 2022•³Ù²¹»å´Ç°,
•
globalsecuritymag.com•Jul 02, 2021•Rohde & Schwarz, ³Ù²¹»å´Ç°, Yes We Hack
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Frequently asked questions about ³Ù²¹»å´Ç°

When was ³Ù²¹»å´Ç° founded?
³Ù²¹»å´Ç° was founded in 2011.
Where is ³Ù²¹»å´Ç° located?
³Ù²¹»å´Ç° is located in Munich, Germany.
Is ³Ù²¹»å´Ç° a funded company?
³Ù²¹»å´Ç° is a funded company, its first funding round was on Feb 24, 2012.
When was the latest funding round of ³Ù²¹»å´Ç°?
³Ù²¹»å´Ç°'s latest funding round was on Mar 18, 2025.
How much is ³Ù²¹»å´Ç° worth?
The latest valuation of ³Ù²¹»å´Ç° is $514M as on Jan 17, 2022.
What is the annual revenue of ³Ù²¹»å´Ç°?
Annual revenue of ³Ù²¹»å´Ç° is €661°­ as on Dec 31, 2023.
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