# tado° funding: rounds and investors > tado° has raised $116M across 5 rounds since 2013. Investors include Target Partners, Shortcut Ventures and Amazon. Every round with its source. Source: https://millionrounds.com/company/tado (Millionrounds; every figure on the page links to its filing or article) Germany · [Funded startup](https://millionrounds.com/companies) # Who invested in *tado°* 5 rounds we have observed, with the 13 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it. Cleantech Climate Tech Energy Hardware & Electronics Follow tado° and see its new rounds in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Fcompany%2Ftado) Funding summary Updated 5 Nov 2026 **$116M** raised across 5 rounds since 2013, from 5 sources **$50M** Round **$33M** Round - **Latest round:** Round, $33M Mar 2025 - **Led by:** Panasonic Heating & Cooling Solutions Europe - **Biggest round:** $50M Round · Oct 2018 - **Investors:** 13 (1 led) See who backed them ## The funding story Each circle is a round, placed by date and sized by amount. The line above is the running total. 2013 2015 2017 2019 2021 2023 2025 **$2.6M** Seed **$14M** Series A **$17M** Series B **$50M** Round **$33M** Round - **First round:** Seed, $2.6M - **Biggest round:** $50M - **Usual gap between rounds:** 3.1 years ## The rounds - **Mar 2025** Round **$33M** *3 new* *1 returning* [Panasonic Heating & Cooling Solutions Europe](https://millionrounds.com/fund/panasonic-heating-and-cooling-solutions-europe) Lead [European Investment Bank](https://millionrounds.com/fund/european-investment-bank) [S2G Investments](https://millionrounds.com/fund/s2g-investments) [Amazon](https://millionrounds.com/fund/amazon) Reported by Silicon Canals - **Oct 2018** Round **$50M** *5 new* [Amazon](https://millionrounds.com/fund/amazon) [e.on](https://millionrounds.com/fund/e-on) [Energy Innovation Capital](https://millionrounds.com/fund/energy-innovation-capital) [Total Energy](https://millionrounds.com/fund/total-energy) [Inven](https://millionrounds.com/fund/inven) Reported by TechCrunch - **Oct 2015** Series B **$17M** *3 new* *2 returning* [Siemens](https://millionrounds.com/fund/siemens) [Target Partners](https://millionrounds.com/fund/target-partners) [BayBG](https://millionrounds.com/fund/baybg) [Shortcut Ventures](https://millionrounds.com/fund/shortcut-ventures-gmbh) [Statkraft Ventures](https://millionrounds.com/fund/statkraft-ventures) From a historical funding record - **Jul 2014** Series A **$14M** *2 returning* [Target Partners](https://millionrounds.com/fund/target-partners) [Shortcut Ventures](https://millionrounds.com/fund/shortcut-ventures-gmbh) From a historical funding record - **Sept 2013** Seed **$2.6M** *2 new* [Target Partners](https://millionrounds.com/fund/target-partners) [Shortcut Ventures](https://millionrounds.com/fund/shortcut-ventures-gmbh) Reported by techcrunch.com ## Who was in which round The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led. **Seed** 2013 **Series A** 2014 **Series B** 2015 **Round** 2018 **Round** 2025 [Target Partners](https://millionrounds.com/fund/target-partners) [Shortcut Ventures](https://millionrounds.com/fund/shortcut-ventures-gmbh) [Amazon](https://millionrounds.com/fund/amazon) [Panasonic Heating & Cooling Solutions Europe](https://millionrounds.com/fund/panasonic-heating-and-cooling-solutions-europe) L [European Investment Bank](https://millionrounds.com/fund/european-investment-bank) [Siemens](https://millionrounds.com/fund/siemens) [S2G Investments](https://millionrounds.com/fund/s2g-investments) [BayBG](https://millionrounds.com/fund/baybg) [e.on](https://millionrounds.com/fund/e-on) [Statkraft Ventures](https://millionrounds.com/fund/statkraft-ventures) ## Everyone who backed them [Target Partners](https://millionrounds.com/fund/target-partners) VC firm **3** rounds [Shortcut Ventures](https://millionrounds.com/fund/shortcut-ventures-gmbh) VC firm **3** rounds [Amazon](https://millionrounds.com/fund/amazon) Company **2** rounds [Panasonic Heating & Cooling Solutions Europe](https://millionrounds.com/fund/panasonic-heating-and-cooling-solutions-europe) Investment firm **1** round, led 1 [European Investment Bank](https://millionrounds.com/fund/european-investment-bank) Government **1** round [Siemens](https://millionrounds.com/fund/siemens) Corporate VC **1** round [S2G Investments](https://millionrounds.com/fund/s2g-investments) Growth equity **1** round [BayBG](https://millionrounds.com/fund/baybg) VC firm **1** round [e.on](https://millionrounds.com/fund/e-on) VC firm **1** round [Statkraft Ventures](https://millionrounds.com/fund/statkraft-ventures) Corporate VC **1** round [Energy Innovation Capital](https://millionrounds.com/fund/energy-innovation-capital) VC firm **1** round [Total Energy](https://millionrounds.com/fund/total-energy) Investment firm **1** round [Inven](https://millionrounds.com/fund/inven) Company **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=tado). ## Also claim to have backed them These 4 firms list tado° as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above. [Future Energy Ventures](https://millionrounds.com/fund/future-energy-ventures) VC firm Per its own site [Touchstone Innovations](https://millionrounds.com/fund/touchstone-innovations) VC firm Per its own site [BayBG Venture Capital](https://millionrounds.com/fund/baybg-venture-capi) VC firm Per its own site [Merah Putih](https://millionrounds.com/fund/merah-putih-inc) VC firm Per its own site ## Quick answers about tado° ### Who invested in tado°? tado°'s investors include Target Partners, Shortcut Ventures, Amazon, Panasonic Heating & Cooling Solutions Europe and European Investment Bank, and 8 more on record. Panasonic Heating & Cooling Solutions Europe led its latest round. ### How much has tado° raised? tado° has raised $116M across 5 rounds since 2013. ### When did tado° last raise? tado°'s most recent round, $33M, was in Mar 2025, led by Panasonic Heating & Cooling Solutions Europe. ### What was tado°'s biggest round? tado°'s largest round on record is $50M (Undisclosed round), in Oct 2018. ### Who backed tado° first? tado°'s first round on record, in Sept 2013, was backed by Target Partners and Shortcut Ventures. ### What stage is tado° at? tado°'s latest named round is an Undisclosed round, in Oct 2018. ### Where is tado° based? tado° is based in Germany. ### Who led tado°'s rounds? Panasonic Heating & Cooling Solutions Europe led the funding round in 2025. ## Companies like tado° In the same sector, and raised in the last eighteen months. [**Quint** $10M · Nov 2026](https://millionrounds.com/company/quint)[**StrollMe** $28M · Oct 2026](https://millionrounds.com/company/strollme)[**Rabot Energy** $50M · Oct 2026](https://millionrounds.com/company/rabot-energy)[**1KOMMA5°** $563M · Oct 2026](https://millionrounds.com/company/1komma5)[**hexafarms** $9.5M · Oct 2026](https://millionrounds.com/company/hexafarms)[**Reverion** $237M · Sept 2026](https://millionrounds.com/company/reverion) ## Find investors like these Search every investor by what they have actually funded, then narrow to your stage and market. Free. Open the investor searchOr these rounds in the app