Telechelic thermo- and light-responsive polymers based on poly(oligo(ethylene glycol) methyl ether methacrylate) P(OEGMA) with azobenzene functionalities at the end groups were synthesized. In a reversible addition−fragmentation chain transfer (RAFT) polymerization using a functionalized chain transfer agent (CTA) containing a pentafluorophenyl (PFP) activated ester, oligo(ethylene glycol) methyl ether methacrylate (OEGMA, Mn ∼ 300 g mol−1) could successfully be polymerized with good control over molecular weight, very high conversions, and narrow molecular weight distributions. Polymers derived from this CTA possessed an activated ester at the α-end of the polymer chain as well as a dithioester ω-terminus. The ω-dithioester group of each polymer chain could quantitatively be either removed with AIBN treatment or substituted with a PFP ester by using a modified diazo compound. As a consequence, a postmodifiaction of the telechelic reactive end groups was possible through a polymer analogous reaction with amino-functionalized azobenzene. P(OEGMA) polymers containing azobenzene end groups showed a reversible light- and temperature-controlled phase transition in water. Higher values for the lower critical solution temperature (LCST) were measured after irradiation of the aqueous polymer solutions due to the higher polarity of cis-azobenzene. The LCST differences between irradiated and nonirradiated solutions increased linearly upon the ratio of azobenzene units up to 4.3 °C.