The local heating engineer.
Thermondo was founded in 2012 by Philipp Pausder, Florian Tetzlaff and Kristofer Fichtner in recognition of the fact that energy system transformation can only work with concrete solutions. These include increasing efficiency, expanding decentralized energy supply and switching to environmentally friendly technologies. The initial business idea was to sell heating systems online, relying exclusively on efficient heating technologies to save heating costs and at the same time make a contribution to the environment. This quick and easy switch to modern and efficient heating technology, with solutions that make sense for the customer, initially convinced us. We then structured the first round of financing in 2013 together with our then co-investor 10x Group and have since been supporting the company in its expansion with know-how and network together with other investors.
Today, thousands of homeowners in Germany rely on Thermondo as their partner for the replacement of heating systems. Thermondo employs 150 permanently employed heating engineers to implement the Thermondo quality standard nationwide. Furthermore, Thermondo challenges the traditional structures of the heating market and creates new solutions. In doing so, they shape the next generation of craftsmen by integrating craftsmen's businesses and technology companies and creating synergies between information technology and crafts. Thermondo has been selling its own heating systems since 2019, thereby further driving change in the heating market. In addition, the product range for customers is also being expanded through intelligent operator models. As of 2020, Brookfield Infrastructure has agreed to acquire a majority stake in the company. The capital will be used to accelerate Thermondo's growth strategy and further expand its customer base for its CO2-neutral heating technologies. We are pleased to have accompanied Thermondo´s success story since 2013 and hope the team continues to thrive into the future.
- Invested since
- 2021 Secondary Transaction by Brookfield Infrastructure