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.
Read moreSmart green dealflow: E-volo crowdfunding, Lock8, Yetu, Thermondo and Zim Plant Technology exit
5 startups that pitched at Ecosummit conferences in the past celebrate new funding rounds. Within 3 days, 9 hours and 52 minutes electric aviation pioneer E-volo raised €1.2M in a record-breaking crowdfunding event on Seedmatch. Just in time, the Karlsruhe-based cleantech startup managed the first unmanned flight with the prototype of their green Volocopter VC 200 (see video below). Ecosummit contributed €1K and joined a group of 750 fearless crowd investors that agree that this worldwide innovation is ready for take off. With the help of E-volo Seedmatch established firmly as Germany’s leading crowdfunding platform for startups having raised over €10M for 50 projects since August 2011.
Read morePhilipp 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.
Read moreAaron Best and Franka Birke present the European startup accelerator Climate-KIC
Ecosummit TV: At Ecosummit Berlin 2013, Aaron Best and Franka Birke present Climate-KIC, the European initiative to foster cleantech entrepreneurship and education. Climate-KIC runs a startup accelerator that provides up to €95K, office space and coaching to young startups in Germany, UK, France, Switzerland and the Netherlands. They also organise master classes with famous startup gurus such as Steve Blank or Alexander Osterwalder. During the Climate-KIC session, Ingo Potthof (UnternehmerTUM Fund) interviewed Alexander Zosel (E-volo), Niels Beisinghoff (Bettertaxi), Philipp Pausder (Futurewatt), Philipp von Seherr-Thoss (Milk the Sun) and Martin Burkhardt (Boxtango). If you are an early stage startup or support startups with capital or industry expertise, you should definitely join the Climate-KIC network.
Read moreCleanweb startups from Berlin – meeting Ecotastic and FutureWatt at CeBIT Code_n 2013
Ecosummit TV: Our mobile Ecosummit TV studio stops again at CeBIT Code_n 2013 for more smart green startup interviews. This time, Jan interviews the Berlin-based founders Anna Yukiko Bickenbach of Ecotastic and Philipp Pausder of FutureWatt. Ecotastic is a new green marketing service provider that runs a reward system to foster green consumer behaviour. Consumers document their green actions with their smartphone and are rewarded with gift certificates from partner companies.
Read morePhilipp Pausder pitches FutureWatt
Ecosummit TV: The Energiewende is not only about electricity but also about heat. Philipp Pausder pitches the Berlin-based startup FutureWatt at Ecosummit Düsseldorf 2012. For business customers, FutureWatt controls the design, the financing and the operation of distributed energy systems with the aim of significantly reducing the energy bill. In December 2012, Philipp and his team launched the B2C Internet platform called heizkosten-senken.de which helps consumers reduce their heating costs.
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