Germany · 
Who invested in Thermondo?
Thermondo's investors include IBB Beteiligungsgesellschaft, e.on, Grey Corp GmbH, Global Founders Capital and HV Capital, and 4 more on record.
2013201520172019202120232025
?Seed?Series A$6.4MSeries B$58MDebt
Germany · Funded startup
Who invested in Thermondo
Funding summaryUpdated 26 Oct 2026
$64Mraised across 4 rounds since 2013, from 4 sources
$6.4MSeries B$58MDebt
- Latest round
- Debt, $58MJul 2025
- Step-upi
- 9.1×
- Investors
- 9
The funding story
Each circle is a round, placed by date and sized by amount. The line above is the running total.
- First round
- Seed Jul 2013
- Biggest round
- $58M Debt · Jul 2025
- Usual gap between rounds
- 14 months the median of 3
The rounds
- Jul 2025
- Apr 2015Series B$6.4M2 new3 returning
From a historical funding record
- Sept 2014Series AAmount undisclosed1 new1 returning
From a historical funding record
- Jul 2013SeedAmount undisclosed2 new
From a historical funding record
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.
Seed2013Series A2014Series B2015Debt2025
IBB Beteiligungsgesellschaft
e.onGrey Corp GmbH
Global Founders Capital
HV Capital
Picus Capital
IBB Ventures
Rocket Internet
HV Holtzbrinck Ventures
IBB Beteiligungsgesellschafte.onGrey Corp GmbHGlobal Founders CapitalHV CapitalPicus CapitalIBB VenturesRocket InternetHV Holtzbrinck VenturesEveryone who backed them
Grey Corp GmbHInvestment firm2rounds
Missing a round, or an investor who was in one? Tell us.
Also claim to have backed them
These 4 firms list Thermondo 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.
Quick answers about Thermondo
How much has Thermondo raised?
Thermondo has raised $64M across 4 rounds since 2013. 2 rounds did not disclose an amount, so the total is a floor.
When did Thermondo last raise?
Thermondo's most recent round was a Debt of $58M in Jul 2025.
What was Thermondo's biggest round?
Its most recent round, $58M in Jul 2025, is also its largest on record.
Who backed Thermondo first?
Thermondo's first round on record, in Jul 2013, was backed by IBB Beteiligungsgesellschaft and Grey Corp GmbH.
What stage is Thermondo at?
Thermondo's latest named round is a Debt, in Jul 2025.
Where is Thermondo based?
Thermondo is based in Germany.
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