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tado

Late Stage Startup





Tagline

tado° - intelligent home climate control

Video



Elevator Pitch

tado° is the European market leader in intelligent climate control solutions for consumers. tado° products enable households around the world to save significantly on energy costs while reaching a higher level of comfort.

Product

The heating and air conditioning of buildings accounts for over one third of global energy consumption. The main motivation for developing tado° was to tackle this issue and make a significant contribution to the energy transition. tado° is a completely new kind of smart heating control and helps consumers to cut their heating costs by up to 31%.

The tado° smart phone app detects when the last person has left the house, with no user action required. A signal is then sent to the heating system to turn down the temperature. As soon as one of the residents starts to head home, tado° reacts immediately and warms up the house to the desired temperature. Since no two buildings are the same, the system quickly learns to respond to the particular heating properties of the home, influenced by factors such as its insulation and window surface area. This allows it to reach the desired temperature even more efficiently. In addition, tado° checks the weather forecast online: sunny days and very cold nights affect how it heats. If the forecast promises sunshine, tado° turns down the heating in good time and lets the sun warm up your home. This saves energy and prevents the building from overheating.




Why we are ecofriendly

tado° is an intelligent heating control system that works like a personal heating assistant, taking care that it is only warm when really needed. tado° helps the user to cut his/her heating costs and energy consumption by up to 31%.

The Fraunhofer Institute for Building Physics IBP conducted a 14 month simulation study of the tado° Smart Thermostat. The outcome was a 68 page study about tado°s performance and saving potential. The result: The automatic presence detection alone can bring about an energy saving of up to 24%. Furthermore, turning down the heating based on the weather forecast can add another 7% to the savings.

Latest News

www.tado.com/en/press.html

> tado° smart home partnerships with AT&T and Telefónica O2
www.tado.com/en/press/relea...

> tado° raises $17.1 million financing round
www.tado.com/en/press/relea...

> tado° introduces Smart AC Control to Singapore
www.tado.com/en/press/relea...

> Smart thermostat company tado° presents extended portfolio
www.tado.com/en/press/relea...

> Smart Thermostat Company tado° launches its IFTTT channels
www.tado.com/en/press/relea...




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Version History

2016-04-20 12:56:00 - changed video to 'TV advertisement: https://www.youtube.com/watch?v=wCu6ZOBcULg Geofencing: https://www.youtube.com/watch?v=dUYiBAe5RQ0'

2016-04-18 15:16:24 - changed capitalraised to '29,4M €'

2016-04-18 15:16:11 - changed investors to 'Target Partners Shortcut Ventures Bayerische Beteiligungsgesellschaft (BayBG) Siemens Venture Capital Statkraft Ventures'

2016-04-06 14:24:49 - changed economic-impact to 'tado° is the smartest and most energy efficient control for heating systems and ACs. Saving hundreds of Euros each...'

2016-04-06 14:23:17 - changed environmental-impact to 'More than one third of global energy consumption is used for the heating and cooling of buildings. This consumption...'



Website




Capital Raised

29,4M €


Employees

tado° has approx. 100 employees.

Our mission is to reduce home energy consumption through the use of smart technology. We design state-of-the-art products to save energy while enhancing comfort and convenience.

Investors

Target Partners
Shortcut Ventures
Bayerische Beteiligungsgesellschaft (BayBG)
Siemens Venture Capital
Statkraft Ventures

Customers

End users who rent or own a home

Enviromental Impact

More than one third of global energy consumption is used for the heating and cooling of buildings. This consumption is currently controlled by non-smart technology that has been outdated for decades. Using tado° has a significant, positive effect on the individual CO2 footprint of a household. With heating and AC taking the largest share of a household’s energy bill, tado° is active in the most relevant field with a direct impact on the environment.

Moreover, with the EU’s recently applied Energy Related Products Directive (ErP) that came into force in September 2015, the tado° Smart Thermostat always ranks in the highest classes, which raises the overall energy efficiency of home heating.

Economic Impact

tado° is the smartest and most energy efficient control for heating systems and ACs. Saving hundreds of Euros each year for the household’s purse will drive consumer demand, while better business economics for partners and installers will drive market penetration. This will result in a future with smart heating in every home as standard.


Awards

SmartHome Deutschland Award bestes Start-Up 2012
myclimate Innovation Award 2012
Climate-KIC Venture Competition 2012
m2m energy award 2013
Bitkom Innovators' Pitch 2013
IF Product Design Award 2014
Interior innovation award 2014
Innovationspreis-IT 2015
Energy Award 2015


Country of Origin

Germany

Founded

2011

Twitter


Facebook


Team

Leopold von Bismarck - CMO

Christian Deilmann CEO
Johannes Schwarz CTO
Lars Merle CFO/COO

Contact Person

Leopold von Bismarck - leo@tado.com
www.linkedin.com/in/leobism...

Headquarter

tado° gmbH
Lindwurmstraße 76
80337 München

Tags

energy, saving, smart heating control, internet of things, mobile, app, heating, start-up, SmartThermostat, SmartACControl, smarthome, iot, smart heating, heating, cooling, climate control, europe´s leading smart thermostat, munich