Tado
- hard tech
- horizon europe
- sustainable development goals
- climate tech
- risk management
- core ai
- spinout
- ai applications
- eit ecosystem
- geopositioning
- urban tech
- cooling tech
- green buildings
- smart home
- building energy efficiency
- smart grid
- grid technology
- smart building
- building energy retrofit
- techscale200
- building cooling
- saas and iot for heating
Financials
Estimates*
EUR | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
---|---|---|---|---|---|---|---|
Revenues | - | - | - | 41.1m | 41.1m | 41.1m | 43.8m |
% growth | - | - | - | - | - | - | 7 % |
EBITDA | (10.9m) | (9.4m) | (11.8m) | (8.9m) | (8.2m) | (16.6m) | - |
% EBITDA margin | - | - | - | (22 %) | (20 %) | (40 %) | - |
Profit | (11.3m) | (11.2m) | (13.8m) | (10.3m) | (9.9m) | (19.7m) | - |
% profit margin | - | - | - | (25 %) | (24 %) | (48 %) | - |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | Spinout | ||
N/A | €1.5m | Series A | |
N/A | - | ||
$2.6m | Series B | ||
$13.6m | Series C | ||
* | $17.1m | Series D | |
$23.0m | Series E | ||
* | $50.0m | Series F | |
€1.8m | - | ||
$46.0m Valuation: $600m -66.3x EV/LTM EBITDA | Late VC | ||
* | €43.0m Valuation: €450m | Series H | |
* | €12.0m Valuation: €450m | Series H | |
Total Funding | €197m |
Related Content
Recent News about Tado
EditTado.com is a German-based startup that specializes in smart heating and energy management solutions for residential homes. The company's primary offering is its Smart Thermostats, which are designed to help homeowners save energy and reduce costs. These thermostats can be controlled via an intuitive app, allowing users to adjust their home's heating system remotely. This convenience, coupled with the potential for significant energy savings, makes Tado's products appealing to a broad range of consumers, particularly those interested in sustainable living and cost efficiency.
Tado operates in the growing market of smart home technology, specifically within the energy management sector. The company's business model revolves around selling its Smart Thermostats, which are compatible with almost any radiator valve, making them a versatile solution for a wide variety of homes. The thermostats are available for both wired and wireless systems, further expanding their potential customer base.
The company generates revenue through the sale of these devices, and also offers a Starter Kit for easy DIY installation. In addition to the hardware, Tado provides unique services and features through its app, including the ability to control the heating system via voice commands through a smart speaker.
Tado's focus on energy-efficient heating and cooling has allowed it to ensure high-quality products and an outstanding design. The company claims that its Smart Thermostats can reduce energy consumption by up to 28%, a figure confirmed by the Fraunhofer Institute for Building Physics in 2022.
Keywords: Smart Home Technology, Energy Management, Residential Homes, Smart Thermostats, Energy Savings, Cost Efficiency, Sustainable Living, DIY Installation, App-Controlled Heating, Voice Command Control.