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#News(Startup) [ via IoTForIndiaGroup ]
Tado, the smart thermostat and AC control maker, has raised a further $50 million in funding from an array of noteworthy and strategic investors. Backing the Munich-headquartered company this time around is Amazon, E.ON, Total Energy Ventures, Energy Innovation Capital, Inven Capital, and the European Investment Bank.
That Amazon has chosen to invest is probably the most interesting aspect of this new financing round. The e-retail and technology giant has made multiple moves into the smart home space over the last few years, including acquisitions such as Ring (smart doorbell and security), and Blink (more smart doorbell and security cameras). Prior to buying Ring it was an investor via its Amazon Alexa Fund, and has also backed U.S. focussed smart thermostat company Ecobee.
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