Seed · Climate Tech · Tallinn, Estonia · Founded 2014 · 10–25 employees
Themo is an Estonian cleantech startup that has developed smart thermostats for electric floor heating systems that optimize energy consumption by considering real-time electricity prices, weather forecasts, and consumption patterns. Their cloud-powered system can reduce heating bills by up to 60% and save an average of €8 per square meter per year. The company has successfully passed Fingrid's reserve market requirements, allowing their thermostats to participate in grid balancing and earn money for users. Founded in 2014 by three Estonian brothers and their friend, Themo has raised €1.3 million and shipped over 20,000 thermostats, managing over 8MW of electric heating assets across Nordic markets.
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