Landshut\/Munich \u2014 Bayern Kapi\u00adtal, one of the most expe\u00adri\u00aden\u00adced and active inves\u00adtors in the German high-tech finan\u00adcing land\u00adscape, is inves\u00adt\u00ading in tado\u00b0. The Munich-based scale-up is the Euro\u00adpean market leader for intel\u00adli\u00adgent indoor climate manage\u00adment and deve\u00adlops energy-effi\u00adci\u00adent ther\u00admo\u00adstats to opti\u00admize energy consump\u00adtion in resi\u00adden\u00adtial buil\u00addings. The inves\u00adted funds come from the ScaleUp-Fonds Bayern, the largest of the invest\u00adment funds mana\u00adged by Bayern Kapi\u00adtal. Other inves\u00adtors in the finan\u00adcing round with a total volume of EUR 43 million include Kiko Ventures, Swis\u00adscanto and Trill Impact Ventures as lead inves\u00adtor; previous inves\u00adtors, inclu\u00adding Noven\u00adtic and Target Part\u00adners, among others, also parti\u00adci\u00adpa\u00adted in the round.<\/p>\n
With energy prices rising across Europe, house\u00adholds are incre\u00adasingly looking for ways to reduce high energy costs. An effec\u00adtive method for cost reduc\u00adtion and energy saving is promi\u00adsed by the effi\u00adci\u00adent services and products of tado GmbH. Since its foun\u00adding in 2011, the Munich-based company has been deve\u00adlo\u00adping consu\u00admer-friendly and energy-effi\u00adci\u00adent ther\u00admo\u00adstats that are compa\u00adti\u00adble with over 95% of all house\u00adholds in Europe across manu\u00adfac\u00adtu\u00adr\u00aders and can be instal\u00adled by consu\u00admers them\u00adsel\u00adves. The energy-saving features reduce custo\u00admers\u2019 heating costs by an average of 22%. By combi\u00adning smart ther\u00admo\u00adstats with time-varia\u00adble energy rates, a home\u2019s energy use can be shifted to times when energy prices are low. To acce\u00adle\u00adrate its market entry in this area, tado\u00b0 recently acqui\u00adred aWAT\u00adTar, a pioneer in energy load shif\u00adting and time-varia\u00adble energy offers. Toge\u00adther, the two compa\u00adnies are now plan\u00adning to signi\u00adfi\u00adcantly expand their bund\u00adled offe\u00adring to reduce costs and CO2 emis\u00adsi\u00adons for customers.<\/p>\n
tado\u00b0 sold around three million smart ther\u00admo\u00adstats by the end of 2022 and doubled its busi\u00adness with smart ther\u00admo\u00adstats and service offe\u00adrings in 2022. The step into profi\u00adta\u00adbi\u00adlity is now to follow in 2023. In order to reach even more house\u00adholds, tado\u00b0 is plan\u00adning to work more closely with housing asso\u00adcia\u00adti\u00adons that manage a large number of apart\u00adments for this purpose. A new, adapted product line is to be laun\u00adched for this market segment this year.<\/p>\n
Chris\u00adtian Deil\u00admann, Co-Foun\u00adder and Chief Product Offi\u00adcer at tado\u00b0, comm\u00adents, \u201cAs the market leader in smart indoor climate manage\u00adment, now is the right time to bring our unique energy manage\u00adment offe\u00adrings to the mass market. We look forward to strong part\u00adner\u00adships with the new investors.\u201d<\/p>\n
\u201cWith tado\u00b0, we have inves\u00adted in a company that makes the problem of high energy consump\u00adtion in resi\u00adden\u00adtial buil\u00addings, espe\u00adci\u00adally through heating and cooling, more effi\u00adci\u00adent and addres\u00adses it with a sustainable and cost-saving approach,\u201d explains Monika Steger <\/strong>(photo \u00a9 Bayern Kapi\u00adtal), Mana\u00adging Direc\u00adtor of Bayern Kapi\u00adtal<\/strong>. \u201cThe strong reve\u00adnue growth of the past years proves that with the closed finan\u00adcing round, tado\u00b0 has the tools to become one of the worl\u00add\u2019s leading play\u00aders for intel\u00adli\u00adgent indoor climate manage\u00adment. We look forward to support\u00ading the company in its further expan\u00adsion plans.\u201d<\/p>\n Bava\u00adria\u2019s Minis\u00adter of Econo\u00admic Affairs Hubert Aiwan\u00adger says: \u201cEspe\u00adci\u00adally in times of crisis, we need inno\u00adva\u00adtive ideas. tado\u00b0 has its finger on the pulse with its energy-effi\u00adci\u00adent ther\u00admo\u00adstats. We ther\u00ade\u00adfore support such ambi\u00adtious high-tech compa\u00adnies with our ScaleUp Fund Bava\u00adria. We thus help you as a co-invest\u00adment part\u00adner to realize large finan\u00adcing rounds in parti\u00adcu\u00adlarly capi\u00adtal-inten\u00adsive expan\u00adsion phases.\u201d<\/p>\n The ScaleUp Fund Bava\u00adria was initia\u00adted by the Bava\u00adrian state govern\u00adment in July 2021 and has since been mana\u00adged by Bayern Kapi\u00adtal GmbH, a wholly owned subsi\u00addiary of LfA F\u00f6rder\u00adbank Bayern. A prere\u00adqui\u00adsite for parti\u00adci\u00adpa\u00adtion by the ScaleUp Fund Bava\u00adria is a demons\u00adtra\u00adbly successful, scalable busi\u00adness model based on an inno\u00adva\u00adtive tech\u00adno\u00adlogy, ideally secu\u00adred by property rights, with sustainable unique selling points and clear compe\u00adti\u00adtive advan\u00adta\u00adges. Like all funds mana\u00adged by Bayern Kapi\u00adtal, ScaleUp-Fonds Bayern never invests in compe\u00adti\u00adtion, but exclu\u00adsi\u00advely in close coope\u00adra\u00adtion and always on equal terms with private investors.<\/p>\n About tado\u00b0 About Bayern Kapital Bayern Kapi\u00adtal mana\u00adges specia\u00adli\u00adzed invest\u00adment funds with a volume of around 700 million euros. Since its foun\u00adda\u00adtion in 1995 on the initia\u00adtive of the state govern\u00adment, the wholly owned subsi\u00addiary of LfA F\u00f6rder\u00adbank Bayern has so far inves\u00adted around 400 million euros of its own equity capi\u00adtal in around 300 start-ups and scale-ups in sectors such as life scien\u00adces, soft\u00adware & IT, mate\u00adri\u00adals & new mate\u00adri\u00adals, nano\u00adtech\u00adno\u00adlogy and envi\u00adron\u00admen\u00adtal tech\u00adno\u00adlogy. As a result, more than 8,000 jobs have been perma\u00adnently crea\u00adted in Bava\u00adria in sustainable compa\u00adnies. The active port\u00adfo\u00adlio curr\u00adently compri\u00adses over 80 companies.<\/p>\n Examp\u00adles of nume\u00adrous ground\u00adbrea\u00adking success stories that Bayern Kapi\u00adtal has been invol\u00adved in early on include EOS (today the worl\u00add\u2019s leading tech\u00adno\u00adlogy provi\u00adder in indus\u00adtrial 3D prin\u00adting of metals and plas\u00adtics), Proglove, Fazua, SimS\u00adcale, Scom\u00adpler, egym, Parcel\u00adlab, Cobrai\u00adner, Quan\u00adtum Systems, Casavi, Theva, Riskme\u00adthods, Tubu\u00adlis, Cata\u00adlym, Immu\u00adnic, Sirion and many more. Landshut\/Munich \u2014 Bayern Kapi\u00adtal, one of the most expe\u00adri\u00aden\u00adced and active inves\u00adtors in the German high-tech finan\u00adcing land\u00adscape, is inves\u00adt\u00ading in tado\u00b0. The Munich-based scale-up is the Euro\u00adpean market leader for intel\u00adli\u00adgent indoor climate manage\u00adment and deve\u00adlops energy-effi\u00adci\u00adent ther\u00admo\u00adstats to opti\u00admize energy consump\u00adtion in resi\u00adden\u00adtial buil\u00addings. The inves\u00adted funds come from the ScaleUp-Fonds Bayern, the [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":47823,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[886,1364,1365,1366,1369],"tags":[],"class_list":["post-47825","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-en","category-featured-en","category-private-equity-en","category-news-en","category-investors"],"yoast_head":"\n
\n<\/strong>
\ntado\u00b0 is the Euro\u00adpean market leader for intel\u00adli\u00adgent indoor climate manage\u00adment. As the only cross-manu\u00adfac\u00adtu\u00adrer plat\u00adform, tado\u00b0\u2018s Smart Ther\u00admo\u00adstats and Services are compa\u00adti\u00adble with any type of heating or cooling system. Custo\u00admers bene\u00adfit from energy-saving tech\u00adno\u00adlo\u00adgies such as geofen\u00adcing and window-open detec\u00adtion and varia\u00adble-time rates. tado\u00b0 was foun\u00added in 2011 and has its company head\u00adquar\u00adters in Munich. With 180 employees, tado\u00b0 is revo\u00adlu\u00adtio\u00adni\u00adzing the way energy is used at home, for more comfort, effi\u00adci\u00adency and in harm\u00adony with nature. www.tado.de<\/p>\n
\n<\/strong>
\nBayern Kapi\u00adtal GmbH, based in Lands\u00adhut, is the venture\/growth capi\u00adtal company of the Free State of Bava\u00adria. It accom\u00adpa\u00adnies inno\u00adva\u00adtive high-tech compa\u00adnies in the Free State through various growth phases, from seed to later stage, with equity capi\u00adtal in the amount of 0.25 to 25 million euros. Bayern Kapi\u00adtal often fills gaps in the VC sector in proven consor\u00adtium constel\u00adla\u00adti\u00adons with private inves\u00adtors (busi\u00adness angels, family offices and corpo\u00adrate ventures).<\/p>\n
\nwww.bayernkapital.de<\/p>\n","protected":false},"excerpt":{"rendered":"