Thermondo
Thermondo is a heating contractor that installs heat pumps, photovoltaic systems, and energy management solutions for residential buildings.
Thermondo has raised €103M across 7 funding rounds from 12 investors, most recently a Debt round in Jul 2025. Based in Berlin, Germany; founded 2013; active in Cleantech. Data as of 28 Oct 2026.
Total raised
€103M
€102,900,000
Funding rounds
7
Investors
12
distinct backers
Active since
2013-07
latest 2025-07
Funding by year
EUR raised per yearThermondo — funding by year — interactive chart.
Data table
| Thermondo — funding by year | |
|---|---|
| 2013 | €600k |
| 2014 | €2.3M |
| 2015 | €6.0M |
| 2016 | €23M |
| 2017 | €21M |
| 2025 | €50M |
Signals
High confidenceRaise-next likelihood14
base rate 45% for Debt
- ▼ Past typical raise window
- ▲ Up-round momentum
- ▼ Low backer re-investment
Exit likelihood16
base rate 11% (2+ rounds)
- ▲ €100M+ raised
- ▲ 7 rounds raised
- ▼ No recent equity round (debt-only or quiet)
Timing: overdue vs cohort gap · momentum up. Funding-only estimates, not predictions and not investment advice — see signals.
Funding rounds
7 rounds| Date | Stage | Amount | Investors | |
|---|---|---|---|---|
| 2025-07-18 | Debt | €50M | British partner bank | View deal → |
| 2017-10-31 | Other | €21M | Eneco Ventures,Holtzbrinck Ventures,Investitionsbank Berlin (IBB),Vorwerk Ventures | View deal → |
| 2017-07-21 | Other | €0 | Vorwerk Ventures | View deal → |
| 2016-05-01 | Series C | €23M | E.ON,Global Founders Capital,HV Holtzbrinck Ventures,IBB Beteiligungsgesellschaft | View deal → |
| 2015-04-01 | Series B | €6.0M | E.ON,Grey Corp GmbH,HV Holtzbrinck Ventures,IBB Beteiligungsgesellschaft,Rocket Internet SE | View deal → |
| 2014-09-01 | Series A | €2.3M | E.ON,IBB Beteiligungsgesellschaft | View deal → |
| 2013-07-01 | Seed | €600k | Grey Corp GmbH,IBB Beteiligungsgesellschaft | View deal → |
Investors
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Global coverage: FundingData