Bisly has just made headlines with a staggering €3.6 million fundraising milestone. Leading the round was Aconterra, joined by notable supporters including Second Century Ventures and REACH UK, SmartCap Green Fund, Pinorena Capital, and a few select angel investors.
Operating out of Tallinn, Bisly partners with both commercial and residential sectors, currently boasting collaborative efforts with over 25 esteemed real estate developers and funds. The new injection of funds will accelerate Bisly’s mission to deepen its foothold in Europe, notably in regions like the Nordics, DACH, and the UK.
Siim Vips, the dynamic CEO and co-founder of Bisly, expresses the company’s vision eloquently: “We aim to uncomplicate a multifaceted industry that’s at the forefront of battling climate change. While the world is beginning to embrace smart homes and buildings, we’re taking it a notch higher with intelligent buildings. We’re fueled by the urgency to offer solutions that can transform buildings into sustainable entities faster and more economically than any current market offering.”
So, what are “Intelligent Buildings”? Think of them as the next-gen “Smart Buildings”. They enhance efficiency by synergizing and streamlining smart controllers, like those for HVAC, lighting, and security, into a unified platform. Given the booming global market for Intelligent Buildings, projected to soar to $148 billion by 2027, Bisly’s strategic move is timely. Factors like escalating energy prices and the emphasis on ESG compliance are significant drivers of this growth.
Furthermore, with the EU’s goal to achieve carbon neutrality by 2050, there’s a pressing mandate for radical efficiency improvements in how buildings utilize energy. A startling 75% of the EU’s existing buildings don’t measure up to these stringent new standards. As these legislations intensify, the demand for cost-effective solutions to retrofit and upgrade buildings is skyrocketing.
This is where Bisly shines! The company offers a fresh approach in a market saturated with outdated solutions that are often prohibitive for most budgets. Bisly’s game-changing open-standard technology slashes project costs with swift-to-install sensors and a robust, bank-grade encrypted software platform.
Ron Schuermans, founding partner at Aconterra, praises Bisly’s vision, “Our core values resonate with Bisly’s groundbreaking solutions. Their reputation for delivering excellence in Estonia and beyond is commendable. We’re eager to back their global ambitions.”
Bisly’s holistic approach integrates every facet of Intelligent Building – from manufacturing to installation and management. This integrated model allows Bisly to offer competitive pricing, substantially undercutting competitors. For instance, in Estonia, their pioneering approach has led them to command a whopping 25% of the total market share in under half a decade.
Tyler Thompson, Managing Partner of Second Century Ventures and REACH Global, is optimistic about Bisly’s trajectory, “The potential of intelligent building technology is vast, especially as global economies race to meet net-zero targets. We’re proud to be part of Bisly’s journey.”
Echoing this sentiment, Sille Pettai, Member of the Board and Fund Manager at SmartCap, highlights Bisly’s significant role in the green tech arena, “Bisly stands out as a beacon of innovation, substantially reducing carbon footprints in real estate. Their commitment to mitigating climate change is commendable.”
