Bisly, a Tallin, Estonia-based energy-efficient buildings startup, raised €3.6M in funding.
The round was led by Aconterra with support from Second Century Ventures and REACH UK, SmartCap Green Fund, and Pinorena Capital, as well as angel investors.
The company intends to use the funds to widen its market engagement in Europe, with an emphasis on the Nordics, DACH region, and the UK.
Led by CEO Siim Vips, Bisly provides smart construction solutions and manufactures custom hardware components. Its commitment to customization and integration ensures that each project is tailored to meet the needs of their clients, while their open software platform guarantees scalability and adaptability for advancements. Its open-standard technology offers a reduction in total project costs with specially-developed sensors that install quickly, together with a software platform that uses bank-grade encryption.
In its founding market of Estonia, the company has achieved a market leadership position in building automation, capturing over 25% of the total market there in less than five years.
FinSMEs
19/10/2023