{"id":41637,"date":"2018-10-26T14:53:42","date_gmt":"2018-10-26T12:53:42","guid":{"rendered":"https:\/\/cms.munich-startup.net\/?p=41637"},"modified":"2018-10-25T15:54:27","modified_gmt":"2018-10-25T13:54:27","slug":"tado-investment","status":"publish","type":"post","link":"https:\/\/cms.munich-startup.net\/en\/41637\/tado-investment\/","title":{"rendered":"Amazon joins Tado"},"content":{"rendered":"<div class=\"entry-content\"><p><strong>Tado is receiving a $50 million investment. The smart thermostat maker plans to use the money to develop additional offerings.<\/strong><\/p>\n<p>The Munich <a href=\"\/en\/success\/tado-well-tempered-in-the-internet-of-things\/\">Successful startup Tado<\/a> has raised $50 million\u2014equivalent to approximately \u20ac43 million\u2014in fresh capital in an international financing round. Investors include Amazon, E.ON, Total Energy Ventures, Energy Innovation Capital, Inven Capital, and the European Investment Bank. This brings the total financing to $102 million, or \u20ac89 million. The company, founded in 2011, says it intends to use the new capital to strengthen its market position and invest in product development.<\/p>\n<p>The Munich-based company&#039;s smart thermostats connect heating and air conditioning systems to the internet. The smartphone app detects whether residents are leaving or approaching their home, and whether a window is open. The thermostats react accordingly. The system also takes weather forecasts and self-learning algorithms into account. Overall, this is expected to result in savings of up to 31 percent in heating costs.<\/p>\n<h3>Tado plans further offers<\/h3>\n<p>The company estimates that the still relatively small market for smart thermostats will grow by 54 percent each year in the coming years. Tado expects a total global volume of $6.8 billion by the end of 2022. The Tado CEO <strong>Toon Bouten<\/strong> says:<\/p>\n<blockquote><p>&quot;We believe that in the near future, every building will be intelligently heated and cooled. Now is the right time to raise capital and use it to establish Tado as the number one in this growing market.&quot;<\/p><\/blockquote>\n<p>Co-founder and CPO\u00a0 <strong>Christian Deilmann<\/strong> announces that it intends to use the fresh capital to develop additional products and services. The company also intends to support its customers in selecting the right energy tariff and a suitable heating system, as well as in repairs and annual maintenance.<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Tado receives a $50 million investment. The smart thermostat manufacturer plans to use the money to develop additional offerings. The successful Munich-based startup Tado has raised $50 million\u2014equivalent to approximately \u20ac43 million\u2014in fresh capital in an international financing round. Investors include Amazon, E.ON, ...<\/p>","protected":false},"author":26,"featured_media":41638,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5633,1],"tags":[52,1401],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Amazon steigt bei Tado ein - Munich Startup<\/title>\n<meta name=\"description\" content=\"Tado erh\u00e4lt ein Investment in H\u00f6he von 50 Millionen US-Dollar. Die Hersteller smarter Thermostate\u00a0m\u00f6chten mit dem Geld weitere Angebote entwickeln.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cms.munich-startup.net\/en\/41637\/tado-investment\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Amazon steigt bei Tado ein - Munich Startup\" \/>\n<meta property=\"og:description\" content=\"Tado erh\u00e4lt ein Investment in H\u00f6he von 50 Millionen US-Dollar. Die Hersteller smarter Thermostate\u00a0m\u00f6chten mit dem Geld weitere Angebote entwickeln.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cms.munich-startup.net\/en\/41637\/tado-investment\/\" \/>\n<meta property=\"og:site_name\" content=\"Munich Startup\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/munichstartup\/\" \/>\n<meta property=\"article:published_time\" content=\"2018-10-26T12:53:42+00:00\" \/>\n<meta name=\"author\" content=\"Simon Tischer\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@munich_startup\" \/>\n<meta name=\"twitter:site\" content=\"@munich_startup\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Simon Tischer\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cms.munich-startup.net\/41637\/tado-investment\/\",\"url\":\"https:\/\/cms.munich-startup.net\/41637\/tado-investment\/\",\"name\":\"Amazon steigt bei Tado ein - Munich Startup\",\"isPartOf\":{\"@id\":\"https:\/\/cms.munich-startup.net\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/cms.munich-startup.net\/41637\/tado-investment\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/cms.munich-startup.net\/41637\/tado-investment\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cms.munich-startup.net\/wp-content\/uploads\/2018\/10\/tado\u00b0-Management-Team-e1540456437833.jpeg\",\"datePublished\":\"2018-10-26T12:53:42+00:00\",\"author\":{\"@id\":\"https:\/\/cms.munich-startup.net\/#\/schema\/person\/cab6cd082a88a9e4b2d6ca61a9031a4d\"},\"description\":\"Tado erh\u00e4lt ein Investment in H\u00f6he von 50 Millionen US-Dollar. 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