Fundraising Fox

Thermosphr

Entrepreneur First '20

Berlin, DE · Founded 2020 · 7 known investors

thermosphr.com

Thermosphr provides predictive intelligence and real-time control software for building HVAC systems to optimize energy consumption and reduce CO2 emissions. The solution serves facility managers and property operators of commercial buildings and real estate portfolios.

Also known as THERMOSPHR

CleantechClimate TechConstruction TechIoTSaaS

Founders & leadership

Thermosphr was founded in 2020 by Nicolas Le Borgne and Mark Aaron Chan.

NLNicolas Le Borgne
Nicolas Le BorgneinCo-founder - CEO
MAMark Aaron Chan
Mark Aaron ChaninCTO and Co-Founder

Investors · 7

Also in the syndicate · 4

Business angels from the real estate sectorHigh Rise Venturesseed + speed VenturesWi Venturelead

Company profile

researched Aug 2026

Thermosphr is a Berlin-based software company developing an end-to-end solution for thermal management of commercial buildings. Its product combines a plug-and-play gateway said to be compatible with any building management system (BMS), a thermal modelling and prediction layer, and real-time remote control of heating, ventilation and air conditioning (HVAC) equipment. The company describes the offering as an operating system for thermal management, built on proprietary technology derived from research in thermal optimisation and data science that simulates and predicts a building's thermal behaviour and then adjusts equipment settings for energy and cost efficiency.

The software is marketed across a wide range of asset classes, including offices and high-rise buildings, retail and shopping centres, hospitality, public buildings, transport hubs, logistics and temperature-controlled warehouses, healthcare facilities, and entertainment venues. Stated capabilities include arbitrage on energy tariff variations and smart grid management, continuous adaptation to weather conditions, air quality and pressure regulation, and 24/7 technical support for on-site technicians. The company positions the solution as a way to bring portfolios into line with current regulations and to increase asset value.

Thermosphr was founded in 2020 by Nicolas Le Borgne (CEO) and Dr. Ing. Mark Aaron Chan (CTO). Beyond the founders, the published team includes a Director of Operations, a Process & Product Lead, a Head of Sales for France, a Chief of Staff, an MPC (model predictive control) specialist, a software engineering lead, Python and data engineers, and BMS and HVAC specialists, with backgrounds cited at Siemens, VINCI Facilities, BMW Group, GE Global Research and NASA. Third-party data lists the company at 11-20 employees, headquartered at Methfesselstraße 43, Berlin.

Founding story

According to the company's About Us page, co-founders Mark Aaron Chan and Nicolas Le Borgne met in Berlin in 2020 at Entrepreneur First. Chan had spent his career in thermal management research and engineering at the National University of Singapore, NASA, General Electric and BMW, and sought to apply that expertise to a mission-driven venture; Le Borgne had held C-level roles (CEO and CFO) at startups and led business development and business intelligence at the real estate platform Lamudi, after earlier work as a consultant at Arthur D. Little and auditor at Suez. They founded Thermosphr to combine thermal engineering expertise with B2B commercial scaling in the real estate sector.

Business model

Thermosphr sells a SaaS solution to owners and operators of commercial buildings. Third-party material states the software plugs into any BMS and is offered at no upfront cost, with the company's website advertising free set-up in one day and first results within six weeks, suggesting a subscription or performance-linked commercial arrangement rather than a capital purchase.

Software-as-a-service delivered on top of existing building management systems, marketed with no upfront cost and free installation; a third-party aggregator estimates annual revenue of approximately $1.63 million, though this is an estimate rather than a company-reported figure.

Traction

The company's website reports a cumulative 1,500,000 m2 of building area operated, 20 GWh of energy saved and 3,000 tonnes of CO2e emissions avoided, alongside headline claims of up to 40% cost savings. Customer testimonials cite over 30% savings at a Veolia property within a month of activation and over 39% HVAC energy bill savings at Westfield Rosny 2. A third-party aggregator estimates annual revenue of about $1.63 million and 11-20 employees. As of the November 2021 pre-seed announcement the company had not yet commercially launched.

Latest developments

A third-party funding aggregator records a $3.2 million funding event dated 2024-02-06, bringing recorded total funding to $3.2 million across two rounds; this figure is not corroborated by a primary source or press announcement in the material reviewed. The company website, copyright-dated 2024, presents multiple deployed reference customers and cumulative savings figures, indicating the product is in commercial operation.

Full profile — market position, technology, go-to-market, geography, history, risks & controversies

Market position

Positioned as a proptech/climatetech vendor of predictive HVAC control for existing commercial building stock. The company claims to be faster, more transparent and more performant than alternatives on the market, though no independent market-share or benchmarking data is available in the sources.

Claimed differentiators are proprietary thermal simulation and prediction technology developed from thermal optimisation and data science research, compatibility with any BMS via a plug-and-play gateway, very fast deployment with no upfront cost, savings above 30% reported within days or weeks, and 24/7 support for on-site technicians. The founding team's thermal engineering credentials (NASA, GE Global Research, BMW Group, NUS) are also presented as a differentiator.

Technology

The core technology is a proprietary thermal modelling and predictive control system for HVAC. A plug-and-play gateway connects to existing building management systems; the software then learns and simulates the building's thermal behaviour, generates temperature predictions, and applies real-time remote control to heating and cooling equipment. Stated functions include adaptation to weather conditions, modular adjustable settings, energy tariff arbitrage and smart grid management, and indoor air quality and pressure regulation. The team includes a specialist in model predictive control (MPC) and BMS integration expertise covering Modbus and other communication protocols, on-site installation, commissioning and loop checks. The public website is built on Webflow and uses Cloudflare, Google Analytics, Google Tag Manager, jQuery and GSAP.

Go-to-market

Direct B2B sales to property owners, operators and facility management providers, with named references at SPIE Facilities, Veolia, Unibail-Rodamco-Westfield (Westfield Rosny 2) and HBB Centermanagement. The pitch emphasises rapid, low-effort onboarding (one-day set-up, results in six weeks, minimal work from client teams) and expansion from initial pilot buildings to further properties in a portfolio. The company has a dedicated Head of Sales for France alongside its German base.

Owners, facility managers and operators of commercial buildings and real estate portfolios, spanning offices, retail and shopping centres, hospitality, public sector buildings, transport infrastructure, logistics and temperature-controlled warehousing, healthcare and entertainment venues.

Geography

Headquartered in Berlin, Germany (Methfesselstraße 43, 10965 Berlin). Commercial activity extends to France, evidenced by a dedicated Head of Sales for France and a reference deployment at the Westfield Rosny 2 shopping centre operated by Unibail-Rodamco-Westfield, plus references with SPIE Facilities and Veolia.

History

Thermosphr was founded in 2020 in Berlin. In November 2021 it announced an undisclosed pre-seed round led by Wi Venture, with participation from seed + speed Ventures (Carsten Maschmeyer's early-stage investor), High Rise Ventures and business angels from the real estate sector; at that point the company had not yet commercially launched and intended to use the capital to do so. A third-party data aggregator records a further funding event dated 2024-02-06 of $3.2 million, and lists two rounds in total. The company's website, dated 2024, presents deployed reference customers and cumulative results, indicating a shift from pre-launch to commercial deployment.

Risks & controversies

Quantitative performance and traction figures (savings percentages, area operated, energy and CO2e saved) originate solely from the company's own website and are unverified. Funding, revenue, valuation and employee data from the aggregator source are explicitly labelled as estimates or lack linked articles, and conflict with other directories that state no funding has been announced. The 2021 pre-seed round amount was never disclosed. No independent third-party audit or customer case study documentation is present in the sources.

Compiled by commissioned research from 7 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Advertised HVAC cost savingJan 202440%
Employees (range)Jan 202511-20
Estimated annual revenueJan 2025$1.6M
Estimated valuationJan 2025$5.3M
Number of funding rounds (aggregator)Jan 2025$2
Reported energy savings at Westfield Rosny 2 (Unibail-Rodamco-Westfield)Jan 202439%
Reported savings at Veolia property within first monthJan 202430%
Set-up timeJan 20241 days
Time to first resultsJan 20246 weeks
Total area operatedJan 20241,500,000 m2
Total CO2e emissions avoidedJan 20243,000 tons
Total energy savedJan 202420 GWh
Total funding raised (aggregator estimate)Jan 2025$3.2M

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Timeline · 4

launches, deals, and filings
Feb 2024
$3.2M funding event recorded

A third-party funding aggregator records a $3.2 million round dated 6 February 2024, listed as the company's most recent and largest of two recorded rounds. No linked article or round label is provided.

$3.2M source ↗

Jan 2024
Deployment at Westfield Rosny 2 (Unibail-Rodamco-Westfield)

The company's website carries a testimonial from the Technical & Security Director of Westfield Rosny 2, part of Unibail-Rodamco-Westfield, reporting over 39% savings on the HVAC energy bill following deployment.

source ↗

Jan 2024
Deployments referenced with Veolia, SPIE Facilities and HBB Centermanagement

Website testimonials from an Innovation Manager at Veolia, a Head of Department at SPIE Facilities and the Managing Director of HBB Centermanagement describe deployments of the Thermosphr solution, with Veolia citing over 30% savings in the month following activation and both Veolia and HBB indicating intent to deploy on additional properties.

source ↗

Nov 2021
Thermosphr closes undisclosed pre-seed round led by Wi Venture

The Berlin proptech announced a pre-seed financing round led by sustainability-focused VC Wi Venture, with participation from seed + speed Ventures (Carsten Maschmeyer), proptech investor High Rise Ventures and business angels from the real estate sector. The amount was not disclosed. The company had not yet commercially launched and said it would use the funds for its commercial launch.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Research sources · 7

primary sources listed

7 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Thermosphr do?
Berlin-based proptech selling SaaS that predicts building thermal behaviour and remotely controls HVAC to cut energy use.
Who founded Thermosphr?
Thermosphr was founded by Nicolas Le Borgne, Mark Aaron Chan in 2020.
Who are Thermosphr's investors?
Thermosphr's investors include Entrepreneur First, Kickstart Innovation, Seed+Speed.
Where is Thermosphr headquartered?
Thermosphr is headquartered in Berlin, DE.