Termo secures $10 million from Fondo Italiano di Investimento SGR, Supernova Hub and Mediaset

Termo, a Fondi (Latina), Italy-based company operating a consumer marketplace for HVAC systems installation and maintenance for households, announced securing funding of $10 million, in a combined series A and series B capital round.

The money was raised from investors from Italy, led by Fondo Italiano di Investimento SGR with the funds  FITEC and FITEC Lazio, and including contributions from Supernova Hub, Mercurio Holding (Proximity Capital Group), Mediaset Group (through its subsidiary RTI), Alessandro Andreozzi and Gabriele Basile.

Following the investment, co-investor Gabriele Basile joined the board of directors as CEO, Co-founder Alessandro Andreozzi is nominated President, Federico Pozzi Chiesa, Co-Founder and CEO of Supernova Hub remains as member of the board of directors, while Mauro Pretolani, Senior Partner of Fondo Italiano SGR joins the board representing the lead investors FITEC and FITEC Lazio.

Proceeds will be used to grow beyond the greentech sector and expand its activities in new adjacent business areas.

Termo, founded in 2014 by Alessandro Andreozzi, offers a fully digital service platform for sustainable HVAC systems installation and maintenance for households.

The company allows customers to book an intervention of a qualified team of technicians to receive a turnkey service, timely, with transparency and with the opportunity to deduct any environmental tax credit directly from the invoiced amount. As of today, the company employs 84 people, with revenues doubling from $2.9 million in 2019, to about $6 million in 2020.