{"id":89772,"date":"2021-07-22T14:34:07","date_gmt":"2021-07-22T11:34:07","guid":{"rendered":"https:\/\/www.tehnopol.ee\/?p=89772"},"modified":"2021-07-22T14:38:11","modified_gmt":"2021-07-22T11:38:11","slug":"tehnopol-partner-bisly-raises-17-million-euros-to-extend-the-team-and-expand-to-new-markets","status":"publish","type":"post","link":"https:\/\/www.tehnopol.ee\/en\/tehnopol-partner-bisly-raises-17-million-euros-to-extend-the-team-and-expand-to-new-markets\/","title":{"rendered":"Tehnopol partner Bisly raises 1,7 million eur to extend the team and expand to new markets"},"content":{"rendered":"
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We are excited to announce that our partner Bisly, a tech company developing intelligent building solutions, raised 1.7 mln euros to carry out its aggressive expansion plan into European countries. The tech start-up\u2019s technology helps to make energy consumption up to two times more efficient.<\/strong><\/p>\n\n\n\n

According to\u00a0Siim Vips, founder and CEO of Bisly<\/a><\/strong>, buildings consume up to 40% of energy in the EU and automated energy consumption can significantly cut this rate by making buildings more energy efficient and optimising consumption and therefore costs.\u00a0\u201cAt the same time, we have to keep in mind that air quality and intelligent lightning management ensure a better living and working environment,\u201d highlights Vips.<\/p>\n\n\n\n

Bisly developed intelligent building technology that makes it easy to save energy in residential as well as office buildings. Today, more than 20,000 Bisly controllers have been installed in Estonia, which are responsible for more than 500,000 intelligent automation decisions every day. \u201cOur goal is to make this solution available in other European countries, in the first round for example in Germany, Belgium, France, Austra, Switserland, Sweden etc,\u201d says Vips.<\/p>\n\n\n\n

According to\u00a0Viljar Arakas, CEO of EfTEN Capital<\/strong>, the largest Baltic real estate fund management company, and one of Bisly\u2019s investors, the market for building automation has great potential because of EU regulations, climate and energy targets as well as the understanding of developers that buildings have to become smart.<\/p>\n\n\n\n

The company has picked up investments from Estonia, Finland, the USA and Norway. Its investors include angel investors as well as big names in the real estate sector.
Enterprise Estonia\u2019s programme Green ICT for cooperation between Estonia and Norway also contributed 700,000 euros to the development of the company.<\/p>\n\n\n\n

\u201cRaising additional capital is necessary to allow us to strengthen our sales and development team and expand to foreign markets where we can see a growing demand for Bisly\u2019s systems,\u201d Vips explains.<\/p>\n\n\n\n

In the coming months, Bisly plans to establish a subsidiary in Germany for the purpose of entering the German market. In addition, the company has plans to start operating in Scandinavia, Austria and Switzerland, where the building automation industry has the fastest growth rate but is still a long way behind Estonia. Talks are also under way to launch the first pilot projects in Asia.\u00a0<\/p>\n\n\n\n

\u201cMany building automation solutions in use in new real estate developments in Estonia are difficult to access in these countries, meaning that there is huge potential for our tech to be adopted,\u201d explains Bisly\u2019s CEO.\u00a0<\/p>\n\n\n\n

In addition to Viljar Arakas, Pipedrive founders Timo Rein, Martin Henk, Martin Tajur and Peep Vain as well as number of\u00a0other\u00a0investors from\u00a0Estonia,\u00a0Finland, Switzerland and the USA have backed the company.<\/p>\n\n\n\n

Bisly is a tech company focused on developing intelligent building solutions in Estonia to make saving energy simple. Founded in 2018, the company has become the market leader in Estonia and aims to make intelligent home solutions available for private as well as business clients. The company employs 15 people, but the team will expand as the company heads to foreign markets.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

We are excited to announce that our partner Bisly, a tech company developing intelligent building solutions, raised 1.7 mln euros to carry out its aggressive expansion plan into European countries. The tech start-up\u2019s technology helps to make energy consumption up to two times more efficient. According to\u00a0Siim Vips, founder and CEO of Bisly, buildings consume […]<\/p>\n","protected":false},"author":31,"featured_media":89777,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_s2mail":"yes","footnotes":""},"categories":[17],"tags":[],"class_list":["post-89772","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.tehnopol.ee\/en\/wp-json\/wp\/v2\/posts\/89772","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.tehnopol.ee\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.tehnopol.ee\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.tehnopol.ee\/en\/wp-json\/wp\/v2\/users\/31"}],"replies":[{"embeddable":true,"href":"https:\/\/www.tehnopol.ee\/en\/wp-json\/wp\/v2\/comments?post=89772"}],"version-history":[{"count":3,"href":"https:\/\/www.tehnopol.ee\/en\/wp-json\/wp\/v2\/posts\/89772\/revisions"}],"predecessor-version":[{"id":89782,"href":"https:\/\/www.tehnopol.ee\/en\/wp-json\/wp\/v2\/posts\/89772\/revisions\/89782"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.tehnopol.ee\/en\/wp-json\/wp\/v2\/media\/89777"}],"wp:attachment":[{"href":"https:\/\/www.tehnopol.ee\/en\/wp-json\/wp\/v2\/media?parent=89772"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.tehnopol.ee\/en\/wp-json\/wp\/v2\/categories?post=89772"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tehnopol.ee\/en\/wp-json\/wp\/v2\/tags?post=89772"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}