SmartCap Green Fund participates in the €3.6 million investment round of an Estonian intelligent building platform Bisly

20 October 2023
Tags: SmartCap Bisly
Photo: Bisly's team

Bisly announced that they have successfully closed their 3,6M financial round, enabling them to seize opportunities in a rapidly expanding energy-saving building automation market across Europe, particularly focusing on the Nordics, DACH region, and the UK. 

The round was led by Aconterra with support from Second Century Ventures and REACH UK, SmartCap Green Fund, and Pinorena Capital, as well as several angel investors.

Bisly CEO and co-founder Siim Vips commented, “With our unified intelligent building platform, Bisly is simplifying a very complex industry that is addressing the even more complex problem of climate change. People are just becoming familiar with the concept of smart homes or smart buildings, and intelligent buildings go even a step beyond that. We are driven by a high degree of urgency and by the fact that our solution will get more buildings into sustainable operations in less time and less money than any other solution on the market.”

A representative from SmartCap added, "Bisly has already established itself as an innovator in smart building solutions, not only in Estonia but also across Europe! This financing round opens up new markets for international expansion, and we are incredibly proud to be a part of this journey!"

Photo credit: Kristaps Ungurs on Unsplash; Bisly

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