We always knew that sustainable business and a commercial success are not contradictory. Here is yet another example from our alumni: Tado a member of the Climate-KIC accelerator in 2011 and 2012 just closed a USD 50m fundraising round. Their smart thermostat technology connects to heating system and boilers and makes home energy management more efficient and comfortable.
Bringing in investors like amazon will give them a further boost in sales while pairing up with utilities opens up new avenues in grid management. Congratulations to Leo, Christian and the team at Tado on this great achievement!
Full article on Techcrunch
As part of the Intel keynote, the Volocopter CEO Florian Reuter, together with Intel CEO Brian Krzanich, showed off the latest version of the autonomous passenger drone. To everyone's surprise, they let it go for a little spin inside the Park Theater at the Monte Carlo Hotel. This is after Brian Krzanich volunteered to be the passenger in the Volocopter's first manned flight last December. Congratulations to Alexander Zosel and his team, who were part of the accelerator in 2012/2013 and have come a long way from their model back then.
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Our alumni startup Zolar has raised €4 million in a Series A round led by Sunstone Capital and Statkraft Ventures with participation from Partech Ventures and startup investor and Sedo.com cofounder Tim Schumacher.
Zolar is a service that makes buying solar power systems for homes easier and more transparent, Congratulations to Alex, Gregor and team. This lifts the overall funding raised by current and alumni teams to just under €m 150 in 2017.