In a significant stride towards advancing sustainable building automation solutions, Tallinn-based startup Bisly has announced the successful closure of a €6.2 million Series A funding round. The funding round, was led by a consortium of visionary investors including Foxway founders Urvo Männama and Paul Padrik, alongside Aconterra, SmartCap Green Fund, Pinorena Capital, and notable angel investors.
Founded with a mission to revolutionize the construction industry, Bisly specializes in smart building solutions that integrate custom hardware components with a cutting-edge software platform. This approach not only enhances operational efficiency but also sets new standards for sustainability in building management.
“This funding represents a pivotal moment for Bisly as we expand our footprint across Europe, with particular focus on Germany and the United Kingdom,” stated Ants Vill, newly appointed CEO of Bisly. “We are committed to empowering businesses with scalable smart systems that streamline operations and reduce environmental impact.”
Bisly’s technology addresses critical challenges in the industry by seamlessly integrating with existing building systems to optimize energy consumption and operational costs. The company’s proprietary Single Cloud Platform and digital twin infrastructure enable real-time monitoring and data-driven insights, facilitating proactive energy management and enhancing overall building performance.
“Our platform is designed to not only meet current sustainability goals but also future-proof buildings for evolving regulatory requirements,” explained Siim Vips, Co-founder of Bisly. “By leveraging our technology, businesses can achieve significant cost savings while advancing their environmental stewardship.”
With a strong foothold in Estonia, where it commands over 25% of the building automation market, Bisly is poised for rapid expansion across Europe. The company collaborates closely with leading real estate developers and funds to implement intelligent building solutions that align with stringent ESG (Environmental, Social, and Governance) standards.
Investors have expressed confidence in Bisly’s potential to drive transformative change in the intelligent building sector. “Bisly’s integrated approach to building automation simplifies complexity and accelerates sustainability efforts,” remarked a spokesperson from Identity.vc. “This capability is pivotal as global demand for energy-efficient solutions continues to rise.”
Looking ahead, Bisly plans to use the new funding to enhance product development, expand its team, and deepen market penetration. By offering flexible SaaS models and innovative hardware solutions, Bisly aims to democratize access to intelligent building technologies and propel the industry towards a sustainable future.
