German smart thermometer company tado° has raised €10 million ($13.6 million) in a round of equity financing. Current backers Target Partners and Shortcut Ventures, along with other investors, participated in the round. Heating or AC systems with tado° automatically adjust to users’ needs with a geo-aware app for presence detection. The tado° smartphone app automatically recognizes when residents are leaving or approaching home and sets the temperature accordingly. tado° last brought in funding in September of last year with an almost €2 million ($2.7 million) Series A round.