Germany-based digital heating installation service Thermondo secured €23.5m ($26m) in a series C round today from existing shareholders including utility company E.ON.
Holtzbrinck Ventures, the VC firm spun out of publishing company Georg von Holtzbrinck, Global Founders Capital, the VC firm set up by the founders of e-commerce group Rocket Internet, financial services firm IBB Berlin and Picus Capital also participated in the round.
Founded in 2012, Thermondo has developed a platform that connects heating equipment makers and wholesalers with consumers, facilitating the ordering process and collecting the relevant data for installers. The company focuses on environmentally friendly offerings, such as fuel cell and solar energy.
The money will support Thermondo’s expansion as well as the addition of two new products, gas heating and the leasing of heating equipment. Thermondo’s stated aim is to become a fully integrated energy company.
E.ON previously participated in a $6.4m series B round in April 2015 that also featured Rocket Internet, IBB and Grey Corp.
E.ON first invested in Thermondo in 2014, injecting an undisclosed sum.