tado°
tado° is a Climate & Home Energy company founded in 2011 and based in Munich, Germany. It has raised $245M in total funding, most recently a Strategic investment (Panasonic) in 2025.
Founded in Munich in 2011 by Christian Deilmann, Johannes Schwarz, and Valentin Sawadski, tado° is one of Europe's largest smart climate-control providers, with 5.5 million thermostats connected as of March 2026. It specializes in retrofit smart thermostats and Smart Radiator Thermostats that suit Europe's prevalent boiler and radiator heating, layered with software that optimizes heating against dynamic electricity tariffs and weather. After a planned 2022 SPAC listing fell through, tado° raised additional capital and in March 2025 secured a roughly €30 million strategic investment from Panasonic; co-founder Johannes Schwarz became CEO in April 2025. In March 2026 the company said it had reached operating profitability.
Europe's leading retrofit smart-heating platform and an early mover in tying home heating to dynamic, time-of-use energy tariffs.
tado.com ↗·Climate & Home Energy·
Germany·private 
