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tado
Smart thermostats and apps
- 201-500 employees
- B2C
- B2B
- Energy
- Home improvement
- Mobile
- eCommerce
- London, UK
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Company mission
To create the most impactful smart energy efficiency platform.
6% employee growth in 12 months
Our take
As energy costs climb and environmental damage mounts, customers are looking for ways to heat and cool their homes while reducing their energy consumption. Since 2011, tado has provided smart thermostats and an easy-to-use interface for customers to control their home heating and cooling systems, allowing users to cut costs and carbon while still keeping their homes comfortable.
tado has grown strongly since its inception, and has been backed by major industry players such as Amazon, Siemens and E.On. In 2022, it revealed that it had sold 3 million smart thermostats since its founding. However, an IPO intended for 2022 did not go ahead, owing to headwinds in the tech sector and fears of global economic decline. tado responded by doubling down on its growth strategy, aiming to capture a larger market share before going public.
The company has raised funding which it will use to further scale the business by developing products able to take advantage of cheaper energy prices at certain times of the day, as well as developing partnerships with real estate companies to implement its solutions in new and existing builds. As long as it can ride out any further difficult market conditions, an IPO is likely in the not-too-distant future.
Kirsty
Company Specialist at Welcome to the Jungle
Benefits
- Work remotely from anywhere as long as you are available pairing and video calls during our core hours from CET 9am to 5pm. We will ship you all required work equipment and use the latest video conferencing tools to collaborate and socialize
- Learning culture and learning support beyond what is needed for the job, e.g. we offer subsidized German language courses for relocators even though you will not need German for your work
- Discounted access to gyms and fitness offers through “Qualitrain”
- Health care services, such as skin cancer screening, flu vaccinations. We were among the first companies to offer a COVID-19 vaccination to all employees
- 30 days of paid vacation and a company pension scheme to help with your retirement
Funding (last 2 of 9 rounds)
Apr 2023
$12.7m
SERIES H
Jan 2023
$45.3m
SERIES H
Total funding: $211.8m
Leadership
Christian Deilmann
(CPO)Was an Investment Professional/Analyst for Target Partners. Before that was CEO of BellPepper Mobile.
Johannes Schwarz
(CTO)Prior to co-founding tado was a Patent Attorney for Ruschke, Madgwich, Sedie & Kollegen.