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Tado Snares $2.6M in Series A

2013-09-05
MUNICH, GERMANY, Intelligent heating control app Tado has announced a $2.6M Series A funding round from existing investors Target Partners and Shortcut Ventures.
Intelligent heating control app Tado has announced a $2.6m Series A funding round from existing investors Target Partners and Shortcut Ventures.

tado is a small box connected to your heating system. It replaces an existing thermostat on the wall or is attached directly to the heating boiler. It communicates with your smartphone using your home internet connection. Your smartphone automatically sends information to the Box over the internet about when and how to heat your home, depending on where you are. All you need to do is install the tado App on your smartphone. What's more, you can keep an eye on your energy usage wherever you are, and manually control it if you wish.
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