Termo

About Termo

Termo S.p.A., previously known as Termostore, is an Italian greentech company that has digitized the market for heating, ventilation, and air conditioning (HVAC) systems. Founded in 2014 by Alessandro Andreozzi and Federico Pozzi Chiesa, the company originated in Fondi, Italy, with the objective of transforming a traditionally fragmented and offline industry. The founders brought together expertise in the HVAC sector and digital innovation, a vision that was fostered during the company's incubation by Supernova Hub. By 2018, the company was recognized as the 4th fastest-growing Italian company.

Termo operates a digital platform that serves both residential (B2C) and business (B2B) clients across Italy. The business model is centered on providing a comprehensive, end-to-end service for the sale, installation, maintenance, and replacement of sustainable HVAC systems. Revenue is generated through the sale of these systems and associated services. The platform streamlines the entire process, allowing customers to select products, book installations with qualified technicians, and receive a fixed-price, turnkey service. This approach introduces transparency and efficiency into a market once dominated by word-of-mouth and variable pricing.

A key aspect of Termo's business involves leveraging Italian government environmental tax credits, known as "eco-bonuses". The company facilitates this for homeowners by managing the tax credit process and offering the discount directly on the invoice, making energy-efficient upgrades more accessible. Expanding on this expertise, Termo has also ventured into business process outsourcing (BPO), where it manages tax credit processes on behalf of financial institutions. In late 2020, the company secured a significant €8.5 million in a combined Series A and B funding round led by Fondo Italiano d'Investimento, which has fueled its growth and service expansion.