Bisly wants to expand in Germany with fresh 4.3 million euros

The Estonian smart building startup Bisly has closed a financing round of 4.3 million euros. The round was led by 2C Ventures, with participation from existing investors such as Aconterra, Pinorena, the Foxway founders and SmartCap, Estonia's state-backed VC fund. The aim is to expand into Central European markets such as Germany, the UK and Poland.

2024 was once again the hottest year on record. Our technology offers a direct, scalable response to the climate emergency - by addressing the greatest potential for energy savings: Buildings.

Ants Vill, CEO and co-founder of Bisly

Bisly offers scalable, AI-based building automation that, according to the company, enables energy savings of up to 40% compared to conventional buildings. The company is already the market leader in the Baltic States, particularly in Estonia. Most new-build apartments there will be equipped with Bisly components by 2024.

Digital building management as a climate key

The energy consumption of buildings accounts for around 40% of total EU consumption and a large proportion of these buildings are considered energy inefficient. While e-mobility is receiving a lot of attention in the climate debate, Bisly points to a six-fold increase in CO₂-saving efficiency through smart building automation.

Buildings are responsible for almost 40% of global CO₂ emissions, but are often a blind spot when it comes to digitalization. Bisly provides the necessary intelligence and efficiency here.

Martin Koppel, Partner at 2C Ventures:

Bisly's solution is based on a cloud-based system with AI-supported control. The platform combines hardware and software, reduces setup costs by up to 50% compared to traditional solutions and enables central configuration, real-time monitoring and comprehensive reporting functions.

A patented digital twin model allows continuous optimization of building performance. The solution is compatible with third-party hardware, enabling flexible integration without vendor lock-in.

Expansion & new products

After expanding into Germany and the UK, Bisly is now opening another office in Warsaw. Poland is considered a dynamically growing market for smart building infrastructure. At the same time, the company is building up an engineering team for wireless retrofit solutions, which are ideal for existing buildings.

Bisly now employs teams in Tallinn, Berlin and London, is planning new sales and engineering roles in Central Europe and has recently hired a Polish-speaking demand gen manager for its market entry in Poland.

Outlook

Partners and customers include Bonava, Liven, Endover, Crown Estate, Pro Kapital, Onninen and many other project developers, builders and energy suppliers. In 2024, Bisly recorded a three-fold increase in turnover and will continue on this growth path in 2025. The new financing strengthens the go-to-market activities in the DACH region, the UK and Poland and makes Bisly one of the most exciting European scale-ups in the PropTech & Smart Energy sector.

We already reported 2023 about a corresponding 3.6 million euro round and 2024 about a 6.2 million euro Series A for Bisly.