Bisly funding news – Tallinn-based Bisly Secures €6.2 Million in Funding

This fundraising round will support Bisly's plans to expand throughout Europe, particularly Germany and the United Kingdom, where the business has already created offices and begun courting high-profile collaborations. Bisly is currently the market leader in Estonia.

Ants Vill, a former COO, has been named CEO to lead these expansion initiatives. Before joining it, he oversaw expanding initiatives at Skeleton Technologies, a pioneer in batteries and supercapacitors globally, first as CCO and subsequently as COO.

Ants Vill, CEO at Bisly said, “This funding round enables us to do two things simultaneously: expand into new markets while continuously innovating our product range in such a way that we continue to set the newest industry standards. In addition, we are convinced of Bisly’s potential in our generational mission to combat climate change. Its emissions reducing systems are a much-needed partner to advances in clean energy production elsewhere. We’re thrilled to have forward-thinking investors who feel the same,”.

By 2025, it hopes to be more widely recognised throughout Europe before focusing on the US. The firm wants to build on its current success in the Estonian domestic market and establish itself as the industry leader for builders and building projects worldwide.

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Urvo Männama, co-founder at Foxway said, “It is in an excellent position, and it has the team capable of rising to the occasion. The global intelligent building market is expected to hit $148 billion by 2027. That, together with ESG measures growing stricter in order to meet the EU’s carbon neutrality goals, mean there is virtually no limit for how far a practical solution like Bisly’s can go,”.

Ron Schuermans at Aconterra said, "The demand for smart building automation is increasing and will continue to grow, but building professionals often struggle to find scalable and easy-to-install solutions. Bisly’s technology bridges this gap and raises the bar for smart building systems,”.

Robert Martin at SmartCap said, “Having proven their expertise in Estonia, Bisly is well-positioned to meet the increasing global demand for smart building technology. Their advanced solutions and strong team make them well-equipped to drive significant reductions in the carbon footprint of buildings worldwide, contributing to broader climate change initiatives,”.

About Bisly

Founded in 2018, Bisly offers intelligent building systems that are easy to install, safe, affordable, and require no coding—everything that experts in the construction industry, including builders, property owners, and engineers, could ask for in an automated building system.