COMPANY PROFILE

Thermondo

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Promotes the energy transition with innovative heat solutions

Berlin, GermanyFounded 2012Energy

Valuation $100–250M Last recorded · 2017

Revenue $100–500M Latest reported FY

Headcount 500–1k Current team size

Total funding $50–100M Disclosed equity funding

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About Thermondo

Thermondo operates in the residential heating market, providing innovative heating solutions that enhance energy efficiency and sustainability. The company primarily serves homeowners looking to upgrade or replace their heating systems with more efficient and environmentally friendly options. Thermondo's business model revolves around offering a comprehensive service that includes consultation, installation, and maintenance of heating systems. The company generates revenue through the sale and installation of heating systems, as well as ongoing maintenance services. By leveraging technology and a skilled workforce, Thermondo aims to streamline the heating system upgrade process, making it more accessible and efficient for its clients.

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At a glance

Status: Acquired
Founded: 2012
Headquarters: Berlin, Germany
Employees: 496
Open positions: 67
Dealroom signal: 86.9/100
Industry: Energy
Sub-industry: Clean Energy, Energy Efficiency
Sector: Energy, Solar Energy, Sustainable Development Goals, Climate Tech, Renewable Energy, Hard Tech, EIT Ecosystem, Horizon Europe, Became Thoroughbred as Subsidiary
Client focus: b2c
Investment activity: 1 company, latest Apr 2024
Capital deployed: —
Preferred round: ACQUISITION
Links: Website LinkedIn X

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Funding history

10 recorded events

Company financing events and reported valuations.

Deal type	Date	Amount	Valuation	Investors	Source
DEBTDebt	Jul 2025	$55M	—	Undisclosed	↗
GROWTH EQUITY VCOther financing	May 2020	$0	—	Redstone · Berliner Volksbank Ventures	—

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Financials

Revenue, earnings and profit over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

Year	Revenue	Growth	EBITDA	Margin
2026
2025
2024
2023
2022
2021
2020		—

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Growth signals

Thermondo website traffic

Latest recorded traffic for Thermondo is 610K monthly website visits, up 45.2% over the last three months. Thermondo's team grew 2.3% over the past year.

Latest monthly visits610K 3-month web change+45.2% 1-year team growth+2.3%

Monthly website visitsOct 2014–Jul 2026

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Open positions

Openings linked to this company in Dealroom

Technical Product Specialist Elektrotechnik (m/w/d)Berlin, Germany · Other · Sep 4, 2026 Anlagenmechaniker SHK (m/w/d) - Region GöttingenGöttingen, Germany, Western Europe, Europe · Other · Sep 4, 2026 Servicetechniker (m/w/d) Heizungstechnik - Region WismarWismar, Germany, Western Europe, Europe · Other · Sep 4, 2026 Quereinsteiger Installationsbereich (m/w/d) – WärmepumpenLünen, Germany, Western Europe, Europe · Design · Sep 4, 2026 Elektroniker / Elektriker (m/w/d) - Region BayreuthBayreuth, Germany, Western Europe, Europe · Other · Sep 4, 2026 Anlagenmechaniker SHK (m/w/d) - Region Frankfurt am MainFrankfurt, Germany, Western Europe, Europe · Other · Sep 4, 2026 Elektroniker / Elektriker (m/w/d) - Region GießenGießen, Germany, Western Europe, Europe · Other · Sep 4, 2026 Quereinsteiger Installationsbereich (m/w/d) – WärmepumpenKrefeld, Germany, Western Europe, Europe · Design · Sep 4, 2026

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