German smart thermostat maker clinches topup from US investor

NEW YORK, April 4 (Reuters) – 08German thermostat maker Tado has secured 12 million euros ($13.08 million) from U.S. investor S2G Ventures, it said on Tuesday, two months after it raised funds to expand in an increasingly energy-conscious European market. The need to actively manage household heating, often fuelled by gas, became a top political priority last year after the Russian invasion of Ukraine. Data gathered by Tado from hundreds of households where it has installed meters suggested Europeans were heeding calls from politicians to conserve energy. The top-up bolsters the Munich-based company’s fundraising to 55 million euros ($59.93 million)…