Ei Solutions funding news – Norwegian-based Ei Solutions Secures €1.2 Million in Funding

Real estate players like Bane Nor Eiendom and PWS Eiendom, venture capital firms like Styx and Spike Venture, and angel investors like Trond Riiber Knudsen, Thomas Falck, and Isak Oksvold are among the investors. Innovation Norway has provided starting loans and grants to the company through an Innovation Contract.

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In addition, the market has reacted well to the company's tools. The startup plans to attain an annual recurring revenue (ARR) of slightly over €430k by September, having surpassed €260k in sales in 2024. This is a 733% growth from December 2023.

Gustav Haaland, CEO and co-founder of Ei Solutions, expressed great satisfaction with the completion of the funding round: “We owe a huge thank you to all our supporters, and it’s incredibly exciting to be past the so-called pre-seed phase! What we’re most satisfied with is the interest we’ve received from the market. Ultimately, it’s the customers in the real estate industry who decide which tools survive, and when it comes to sustainability, it’s the practical solutions that matter.”

Innovative Solution in a Fragmented Market, and Clear Signs of Quality Trond Riiber Knudsen, an angel investor and early supporter of the company, praised Ei Solutions’ development: “The market for ESG solutions has long been unclear, but Ei has managed to stand out, find its niche, and is now helping to shape an entirely new category of industry-specific tools. The company has first and foremost shown tremendous progress, where the commercial interest the company has garnered at this stage speaks for itself. When customers choose to invest themselves, it shows that the team has hit the mark with a solution that the market eagerly adopts.”

The funding round was finished in two phases, with the July closure of the bigger portion. The business had to decline numerous potential investors already in the round's first phase, which ended before Christmas. Currently, both new and old investors are expressing a great deal of interest in Ei Solutions.

Marit Bjerkreim, co-founder and active chair of the board, commented on the increased interest: “With the growth we can now showcase, and with what we have in the pipeline, we’re seeing great interest from investors, both Norwegian and international. Ultimately, nothing beats traction.”

About Ei Solutions

Ei Solutions Founded in 2021, this ambitious Trondheim-based technology business has its roots in recent research conducted at the Department of Civil and Environmental Engineering at NTNU. Their goal? to completely transform how real estate firms manage sustainability issues.