Five Success Stories From the LMU EC

At the end of last year, the LMU Entrepreneurship Center (LMU EC) stopped its operations. Its successor, the LMU Innovation & Entrepreneurship Center (LMU IEC), has now taken its place. We look back and showcase five of the most successful Munich-based alumni from the program.

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Tado Management Team
Tado: Tado has been helping its customers save energy since 2011. The Munich startup has since gone public, but for Tado, it all began with the LMU EC. The Munich-based company teaches heating and air conditioning how to think to avoid the unnecessary waste of energy. The startup’s app collects data about its users’ requirements and links the data with information that is available to the public, such as weather data. An algorithm processes the information, and it is on this basis that it controls heating and air conditioning. For example, the app knows when the last person has left the house and turns down the heating. As soon as a person is on their way home in the evening, Tado heats the house based on the expected outside temperature. With this concept, the startup has been able to raise more than 140 million euros in funding. Just two of the investors that they have won over are Amazon and Eon. (Photo: Tado)