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- April
2015
Thermondo raises €6M Series B from Rocket Internet, Holtzbrinck Ventures, E.ON, IBB and Grey Corp
“We only raise as much capital as we need to reach the next company growth and valuation milestone,” says Thermondo‘s CEO Philipp Pausder. In fact, that’s a pretty smart fundraising strategy that ensures the founders do not sell off their company too quickly before substantial value has been created with the help of the current financing round. Today, the Berlin-based late stage startup announced their €6M Series B that they collected from Rocket Internet, Holtzbrinck Ventures, E.ON, IBB and Grey Corp. Thermondo sells heating systems online and dispatches internal teams from 12 cities to every corner in Germany to install the units at the customers’ premises. Learning from Solarcity, Thermondo decided a while ago to vertically integrate the installation process in order to manage it digitally and minimise process costs.
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- September
2013
Philipp Pausder pitches Thermondo (heizkosten-senken.de)
Philipp Pausder, CEO of Thermondo (formerly known as FutureWatt), pitches their new online portal for heating cost reduction at ECO13 Berlin. The idea is to make buying heat as simple as buying electricity. At the same time, heating is often neglected in the discussion about the Energiewende (energy transition). In fact, consumers can save a lot of money and energy when they buy a new heating system and move from oil to gas or wood pellets. Combined heat and power (CHP) is a big trend in the consumer market, too. Most steps in the purchase process can be organised online before a plumber comes to your house to install the new heating system. Philipp is very happy with their traction and they just closed their seed round. But the heating e-commerce business will need more venture capital to grow, so put Thermondo on your watch list and get in touch.
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