tado° attracts USD 50m in international investment from Amazon, E.ON, Total Energy Ventures, Energy Innovation Capital, Inven Capital, the European Investment Bank and others to bring total funding to USD 102m. The new investment will be used to strengthen its position with best-in-class products and to extend its service offerings.

Driving a fast-growing market

Around 30% of globally-consumed energy is used for the heating and cooling of buildings.* tado° is one of the only companies fully dedicated to make an impact in this space. The global smart thermostat market is expected to reach a value of USD 6.8b by the end of 2022, at a projected annual growth (CAGR) of 54% until 2022.**

“We are convinced that soon every building will be heated and cooled intelligently. Now is just the right time to raise capital and utilize it to position us as the number one in this fast-growing market,” says Toon Bouten, CEO of tado°.