Connected climate control firm Tado raises $13.6M investment

Tado, the European Nest competitor, has taken $13.6 million in fresh investment from Target Partners, Shortcut Ventures – both of which have already invested — and others. According to CEO Christian Deilmann, the home climate control firm will use the money to expand to all major European countries and beyond. Currently, the Tado smart thermostat is available in Germany, Austria, Switzerland and the U.K., while the more recently launched Tado Cooling box, which connects legacy air-conditioning units to the firm’s app, is already a worldwide proposition.

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