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Bisly, an Estonian cleantech company, secured €4.3 million to expand its AI-powered building automation across Europe.
Their cloud-based system, using digital twin technology, helps reduce energy costs by up to 50% and emissions more cost-effectively than transport electrification.
The funding will drive Bisly’s operations into Germany, the UK, and the fast-growing Polish market, while supporting development of wireless products for retrofitting existing buildings.
Bisly’s platform already powers smart buildings for major partners and tripled its revenues in the last year.
Traditional building management tech can be expensive, complex, and inflexible. Bisly’s answer? A fully integrated, plug-and-play solution with cloud-powered automation, real-time digital twin mapping, and AI-driven energy optimization.
Cost-effective: The platform claims to reduce overhead—across installation, setup, and running—by up to 50% compared to legacy systems.
Sustainable impact: Every tonne of CO₂ avoided through Bisly is up to six times cheaper to achieve than through electrifying transport, offering a quicker, cost-effective way for property managers to meet emissions goals.
Scalable and practical: Already deployed in both new and retrofit projects across Estonia, Germany, and the UK, with plans for rapid growth in Poland—Europe’s up-and-coming smart building hotspot.
Bisly just raised €4.3 million in new funding led by 2C Ventures, and existing backers like SmartCap, Aconterra, and Pinorena. This fresh capital follows €13 million total raised to date, showing strong investor confidence even in a turbulent economic climate.
The money will deepen Bisly’s presence in core European markets—especially Germany, the UK, and Poland—by ramping up local teams and launching new wireless solutions, well-suited for retrofitting Europe’s aging building stock.
Tripled core revenue in the last year and aiming for similar growth in 2025.
Hiring technical and sales talent in key markets; recently named a Polish-speaking Head of Demand Generation ahead of opening a Warsaw office.
Building out a wireless product line to unlock more retrofit opportunities—critical for Europe’s massive stock of energy-inefficient buildings.
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