Bisly Raises €6.2 Million in Series A
Bisly, a Tallinn, Estonia-based startup specializing in next-generation smart building automation solutions, raised €6.2 million in Series A funding.
Bisly, a Tallinn, Estonia-based startup specializing in next-generation smart building automation solutions, raised €6.2 million in Series A funding.
Investors
The round was led by new investors, including Foxway founders Urvo Männama and Paul Padrik, alongside Aconterra, SmartCap Green Fund, Pinorena Capital, and several angel investors who had previously invested via convertible instruments.
Bisly Use of Funds
The company intends to utilize the funding to expand its footprint across Europe, with a particular focus on growth in Germany and the United Kingdom. Bisly has already opened offices in these regions and initiated partnerships with prominent stakeholders.
About Bisly
Founded in 2018 and led by CEO Ants Vill, Bisly provides smart building solutions. They offer innovative hardware and software systems designed to enhance the efficiency, sustainability, and operational management of buildings. Bisly's offerings include a proprietary Single Cloud Platform and patented digital twins system, which optimize energy usage, enhance building performance, and reduce costs.
Funding Details
Company: Bisly, Ltd.
Raised: €6.2M
Round: Series A
Funding Month: June 2024
Lead Investor: Urvo Männama, Paul Padrik
Additional Investors: Aconterra, SmartCap Green Fund, Pinorena Capital
Company Website: https://www.bisly.com/
Software Category: Smart Building Automation Solutions
