tado GmbH: Taylor Wessing advises Trill Impact and Kiko Ventures on a €55 million financing round

A team of Taylor Wessing, led by Munich based partners Peter Hellich and Daniel Schrembs, has advised VC investors Trill Impact and Kiko Ventures on a €55 million funding round for Munich-based tado GmbH. Bayern Kapital, Zürcher Kantonalbank, S2G Ventures and existing shareholders also participated in the financing round led by Trill Impact.

tado GmbH, a manufacturer of smart home thermostats and Europe's largest smart home specialist, will use the proceeds from the round to further develop its recently acquired smart energy tariff business aWATTar, as well as further growth and product development of its core smart thermostat offering.

About Trill Impact

Trill Impact is a pioneering Impact House with around EUR 1.2 billion in assets under management across its investment strategies, Impact Private Equity, Impact Ventures and Microfinance, with a team of around 50 experienced professionals based in the Nordics, Germany, Luxembourg and USA. Trill Impact aims to become a force for positive change through impact private investments, delivering Real Returns and Lasting Impact for the benefit of investors, businesses and society at large – and encouraging others to follow.

Legal advisors Trill Impact and IP2IPO

Taylor Wessing Germany: Dr Peter Hellich (Corporate/M&A, Munich), Dr Daniel Schrembs (Salary Partner, Corporate/ M&A, Munich) (Lead Partners) ; Dr Michael Brüggemann (Partner, Competition, EU & Trade, Düsseldorf); Dr Christian Frank (Partner, Technology, Media & Telecoms, Munich); Dr Verena Ahmann (Salary Partner, Trademarks, Advertising & Design, Munich); Dr Michael Kieffer (Salary Partner, Commercial Agreements & Distribution, Munich); Dr Rebekka Krause (Salary Partner, Corporate/ M&A, Munich); Theresa Haßlberger (Salary Partner, Commercial Real Estate, Munich); Dr Julia Petersen (Senior Associate, Technology, Media & Telecoms, Munich); Dr Klara Pototzky (Senior Associate, Employment, Pensions & Mobility, Munich); Fritz Krings (Associate, Corporate/ M&A, Munich); Annika Meyer (Associate, Employment, Pensions & Mobility, Munich); Lisa Seidel (Professional Support Lawyer, Corporate/ M&A, Berlin)