Target Partners invests in tado

Munich-based venture capital firm Target Partners has invested in tado° GmbH. The company uses cloud computing, smart phones and the Web to improve on traditional home heating and cooling systems, reducing energy costs by around 30 per cent.

tado° has been in field trials since January 2011. The company is now giving selected early adopters the opportunity to beta test the system for free.

Talking about the investment decision Kurt Mueller, partner with Target Partners, said, “The founders of tado° previously founded a successful mobile technology company in 2007 and have a great shot at developing tado° into a world-class company,”

Germany, Munich

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