Amazon backs German smart heating and AC company Tado in new $50M funding round

Tado, the smart thermostat and AC control maker, has raised a further $50 million in funding from an array of noteworthy and strategic investors. Backing the Munich-headquartered company this time around is Amazon, E.ON, Total Energy Ventures, Energy Innovation Capital, Inven Capital, and the European Investment Bank.
It brings total funding to $102 million since being founded in 2011, while the new capital will be used to develop new products and to extend its service offerings. The latter