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Based in Tallinn, Estonia, Bisly develops AI-powered, cloud-based smart building automation platforms that optimize energy, lighting, and climate control systems for residential, commercial, and hospitality properties. The proptech startup combines proprietary hardware with a no-code software-as-a-service platform utilizing digital twin mapping and real-time data to reduce building energy costs by up to 50 percent. Operating with a workforce of 35 employees, the enterprise has raised €13 million in aggregate venture funding, including a recent €4.3 million round, to support its ongoing expansion into the United Kingdom, Germany, and broader European markets. Bisly serves major real estate developers and commercial property managers, including Crown Estate, Bonava, and Pro Kapital, while securing financial backing from lead investors such as 2C Ventures and Aconterra. The company was founded in 2018 by Siim Vips and Rene Üpraus.
Bisly has raised $19.4M across 5 funding rounds.
Bisly has raised $19.4M in total across 5 funding rounds.
Bisly has raised $19.4M across 5 funding rounds. Most recently, it raised $5.0M Other Equity in August 2025.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Aug 6, 2025 | $5M Venture Round | Martin Koppel | Aconterra, Pinorena Capital, SmartCap | Announced |
| Jun 19, 2024 | $6.7M Series A | — | Paul Kristian Padrik, Urvo Männama, RON Schuermans, Pinorena Capital, Robert Martin | Announced |
| Oct 19, 2023 | $3.8M Venture Round | RON Schuermans | Pinorena Capital, Reach, Tyler Thompson, Sille Pettai | Announced |
| Jul 27, 2021 | $2M Venture Round | — | Viljar Arakas | Announced |
| Jul 1, 2021 | $2M Seed | — | Soma Capital, Chris Murphy, Elar Nellis, Martin Henk, Peter Vesterbacka, Ragnar Sass | Announced |
Bisly is an Estonian prop-tech startup founded in 2018, specializing in AI-powered smart building automation systems that enhance energy efficiency, comfort, and security in residential, commercial, and hospitality buildings.[1][2][3][4] The company offers a scalable, no-code cloud-based platform integrating hardware manufacturing, installation, building management software, and digital twin technology, automating lighting, heating, ventilation, air conditioning (HVAC), and energy systems while reducing costs by up to 50% compared to traditional solutions.[1][2][4] Bisly serves construction professionals, builders, property owners, engineers, and major real estate partners like Crown Estate, Bonava, and Pro Kapital, solving pain points in energy waste, high installation costs, and complex management through affordable, easy-to-install, and partner-scalable tech.[1][2][3] With €13 million in total funding—including a recent €4.3 million round led by 2C Ventures—Bisly has tripled revenue recently, become Estonia's market leader (especially in offices and purpose-built student accommodation), grown its team by 52% to 35 employees, and expanded into the UK, Germany, Austria, Switzerland, and Poland.[1][2][3][4]
Bisly was founded in 2018 in Tallinn, Estonia, by co-founders including Siim Vips, who emphasized a hands-on approach to hardware and software development from the start to minimize components and overhead costs.[2][3][4] The idea emerged from Estonia's focus on energy efficiency and smart tech, aiming to democratize professional-grade intelligent building systems across all market segments, making energy savings simple and affordable without coding.[1][4] Early traction came from success in home markets like the Baltics, where Bisly became the market leader by partnering with real estate developers and scaling deployments; pivotal moments include launching a second-generation modular platform, winning major tenders, entering Central Europe, and developing tools like an end-to-end commissioning app that slashed deployment time.[1][3] This foundation propelled rapid growth, with the team set to expand 50% in 2024 amid European rollout.[1][2]
Bisly stands out in building automation through these key strengths:
Bisly rides the wave of sustainable prop-tech and smart buildings, capitalizing on EU climate goals, rising energy costs, and demand for net-zero infrastructure amid regulatory pushes for efficiency.[1][2][3] Timing is ideal post-2020s energy crises and green mandates, with its AI-driven digital twins enabling data-optimized performance in a market fragmented by expensive, rigid systems.[2][4] Market forces like urbanization, PBSA growth, and Western Europe's retrofitting needs favor Bisly's low-cost scalability, especially as it replicates Baltic success in the UK and Central Europe.[1][2] The company influences the ecosystem by onboarding integrators, boosting partner networks, and accelerating adoption of wireless/AI tech, helping developers meet sustainability targets while lowering barriers for mid-tier buildings.[3][4]
Bisly's momentum—tripled revenue, €4.3M fresh capital, and multi-market expansion—positions it for explosive growth into 2025 and beyond, targeting Germany, UK, Poland, and AI/wireless enhancements.[2][3] Trends like AI-optimized energy management, modular IoT, and EU green deals will propel it, potentially dominating light-commercial segments as digital twins become standard. Its influence may evolve from regional leader to pan-European scaler, empowering more accessible smart retrofits and redefining affordable automation. This builds on Bisly's core mission: revolutionizing building efficiency for a sustainable future, now ripe for UK and beyond replication.[1][2]
Bisly has raised $19.4M in total across 5 funding rounds.
Bisly's investors include Martin Koppel, Aconterra, Pinorena Capital, SmartCap, Paul Kristian Padrik, Urvo Männama, Ron Schuermans, Robert Martin, REACH, Tyler Thompson, Sille Pettai, Viljar Arakas.
