SLS signs investment to advance Themo thermostat
Smart Load Solutions (SLS) has secured a new round of investment from European early stage tech fund Vito One and two new angel investors. Vito One is backed by Viessman Group which annual turnover is € 2.25bn and they are one of the leading international manufacturers of heating, industrial and refrigeration systems.
The latest funding round will enable SLS to accelerate the production and sales of SLS intelligent smart thermostat Themo which is used for electric underfloor heating systems. Themo systems and SLS Cloud optimisation technology enable customers to enjoy warm floors and reduce their heating costs by up to 60% in residential, commercial and industrial installations.
“Vito One has an established track record in backing ambitious founders and start-ups, which apply technology to solve fundamental problems of society ranging from climate change to energy security. This makes Vito One an ideal strategic investor and partner for SLS,” said Madis Uuemaa, CEO and Founder of Smart Load Solutions.
“We are excited to finance the production of Themo smart thermostats, because we believe that Themo shall be the new standard in the underfloor heating in the times of IoT” says Daria Saharova, Partner in Vito One.
Under the agreement, Smart Load Solutions remains independent and in full majority control by the founders. There are no changes to the company’s Board.