Tado Raises $2.6M in Series A Funding

Tado, a Munich-based provider of an intelligent heating control app, raised $2.6m in Series A funding.

Backers included existing investors Target Partners and Shortcut Ventures.

The company intends to use the funds to expand in Europe from October 2013.

Founded by Christian Deilmann, Johannes Schwarz and Valentin Sawadski in 2011, tado offers a heating app for private households, small businesses and shops, which detects where the residents currently are and controls the temperature accordingly, also taking current weather forecasting data and building characteristics into account.
The company is currently hiring (read here).



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