Estonian startup Bisly secures €4.3M to expand smart building automation in Europe

Bisly, an Estonian provider of scalable, smart building automation solutions, has raised a €4.3 million funding round to expand Bisly’s operations across Central and Western Europe. The round was led by 2C Ventures with participation from existing investors.

About Bisly

• Bisly, founded in 2018 by Siim Vips and Ants Vill, is an Estonian AI-powered automation company specializing in smart building technology. 

• The platform reduces energy consumption and optimizes indoor environments by integrating cloud-based solutions with patented digital twin technology. 

• Bisly’s solution manages energy use in both new and existing buildings and is compatible with third-party devices. 

“We’re proud to support Bisly in scaling their technology across Europe and beyond. Buildings account for nearly 40% of global CO₂ emissions, and yet much of the sector remains underserved by digital innovation. Scalable, smart energy management is critical to reducing this footprint and Bisly’s platform brings that much-needed intelligence and efficiency to the built environment,” says Martin Koppel, Partner at 2C Ventures.

Investment details

The round was led by 2C Ventures, included participation from existing investors, such as SmartCap, Aconterra, Pinorena, and Foxway founders.

• 2C Ventures is a cleantech venture capital fund established in 2023 with a mission to help the world tackle climate change. 2C Ventures supports innovative cleantech companies in the Nordics and Baltics, helping to accelerate new business models and technological innovation.

• 2C Ventures portfolio include companies like Jälle Technologies, Esgrid, TheStorage, GaltTec OÜ and ÄIO.

The funds will be used to deepen Bisly’s presence in DACH and the UK, and to open a new office in Poland, one of the fastest-growing markets for smart building infrastructure.