Two months after a €43 million round, smart thermostat maker tado° tacks on another €12 million

In conjunction with a €43 million funding round announced in January, and now another €12 million, tado° confirms it’s sold 3 million smart thermostats.
Munich’s tado° has added another €12 million to an already impressive €43 million funding round announced just two months ago. The additional capital is aimed at turning up the heat on scaling efforts as it sweats profitability in 2023. The additional capital was provided by S2G Ventures and adds to the previous portion of the round that saw Trill Impact Ventures, Bayern Kapital, Kiko Ventures, and Swisscanto, backing the company. Previous investors include Noventic and Target Partners. Founded…

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