Telescope, an Oslo-based PropTech startup, announced that it has raised a €3.7 million Seed round. The funding round led by Scale Capital and Dreamcraft Ventures, with participation from Curiosity VC and OBOS Oppstart. The company shared the news on their Linkedin page.
About Telescope
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Telescope, founded in 2022 by Gustav Haaland, Marit Bjerkreim, and Mathias Wahl, has developed a SaaS platform that enables real estate companies to manage sustainability risks efficiently and affordably, encompassing a variety of metrics.
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Customers simply onboard their real estate assets by entering property addresses, and the platform gathers relevant geographical information to assess physical climate risks.
“Many real estate firms hold large land banks, but they often lack insight into how much of their land is actually buildable under environmental constraints. Our technology aggregates data on red-listed species, vulnerable habitats, and protected areas,” says Gustav Haaland co-founder and CEO of Telescope
Investment details
The round led by Scale Capital and Dreamcraft Ventures, with participation from Curiosity VC and OBOS Oppstart.
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Scale Capital is a Danish venture fund investing in digitization and disruptive technologies. It focuses on B2B technology companies in the Nordics and Germany that are at Seed and Series A. Its investment focus is Enterprise Software and Deep Tech and typically invest €1-3M, initially.
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Dreamcraft Ventures, a VC fund based in Copenhagen, GHARAGE, a Hamburg-based team of investors, and Plug & Play, a team of digital marketing professionals, are the main investors in the startup.
With the investment, the company aims to scale its footprint, launch in Denmark, Sweden, and the Netherlands, while expanding its platform to serve financiers and investors in the real estate sector.
