Tado raises $23 mln from Inven for smart climate control device
Tado, a maker of a smart climate control device and app, announced it has raised $23 million in funding entirely from Inven Capital, a venture arm of CEZ Group. The company, which has its headquarters in Munich, Germany, and sells its device in Europe, the United States and Singapore, has now raised $57 million in total funding. This includes a $17.1 million funding in October. Existing investors include Siemens AG's VC arm and Statkraft Venture Capital, the investment unit of Europe’s largest producer of renewable energy, as well as Target Partners, Shortcut Ventures, BayBG and others.
26 April 2016•3 mins read
