Tado raises $23 million
Munich-based Tado makes smart thermostat and AC control products and is sometimes referred to as “Europe’s Nest” (Google’s thermostat solution). With its third funding round worth $23 million, the startup has now raised a total of $57 million. The round was led by Inven Capital, previous investors such as Siemens AG, and Statkraft Venture Capital, the investment company of Europe’s largest producer of renewable energy also join. Additionally, Target Partners, Shortcut Ventures and BayBG also came on board.
Heilemann Ventures and Earlybird merge
Berlin-based VCs Heilemann Ventures and Earlybird merge their businesses. They have already co-invested in the moving startup Movinga and the fintech startup Cashboard. Together, they are now working on getting a €150 million fund ready.
Deltamethods announces exit
Berlin-based marketing software startup Deltamethod sold its company to Crealytics, an international search and product ads company. Besides Klaus Hommels, E.Ventures and IBB’s Pro-Fit-Programm invested in Deltamethods. Details of the deal remain undisclosed.
HEUREKA Conference Early Bird Sale ends on April 30th
Get your ticket 25% off today and join us for our annual conference on June 7th in Berlin. Besides you and us, Philipp von Borries (Refinery29), Roland Grenke (Dubsmash) and Monique Woodard (500 Startups) and many more will join.