Telescope funding news – PropTech Startup Telescope Secures €3.7 Million in Seed Funding

The €3.7 million round is led by Scale Capital and Dreamcraft Ventures, with participation from Curiosity VC and OBOS Oppstart. Founded in 2022 by Gustav Haaland, Marit Bjerkreim, and Mathias Wahl, the Telescope team brings deep expertise in sustainability, data science, and PropTech, aiming to reshape how real estate owners navigate climate risks.

As European regulators ramp up pressure on businesses to assess and disclose climate risks, real estate owners face an increasingly complex landscape. Telescope’s platform translates climate risk data into strategic, portfolio-level insights, enabling property owners to quantify and manage risks like biodiversity loss, physical climate threats, and regulatory transition risks – not just for compliance, but to unlock financial value.

Gustav Haaland, CEO and Co-founder of Telescope said, "In every conversation I have, real estate owners tell me the same thing – they’re drowning in ESG reports, consultant slide decks, and EU acronyms, yet they’re still asking: ‘What does this actually mean for my buildings? We’re not here to add more paperwork. Unlike existing solutions, Telescope turns sustainability from an abstract compliance risk into tangible, financially driven decisions.”

Gustav Haaland said, “One way I like to look at this is that we’re taking our customers from trying to learn a language by reading a dictionary to using Duolingo instead,”

Hypergrowth in Norway – ready to expand across Europe

In 2024, Telescope signed multiple leading real estate firms in Norway with a team of just eight people and minimal marketing spend. Now, the company is scaling its footprint, launching in Denmark, Sweden, and the Netherlands, while expanding its platform to serve financiers and investors in the real estate sector.

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The impressive growth in Norway is one of the things that has drawn a lot of attention from investors, according to Joachim Schelde, Senior Associate at Scale Capital.

Joachim Schelde said, “What caught our attention was the team’s deep understanding of real estate owners’ pain points in identifying, assessing, and managing the sustainability risks facing their assets, such as floods, wildfires, protected species, and polluted land, Their momentum in Norway – closing multiple Tier 1 customers in record time – signals a massive opportunity to redefine how the industry approaches climate risk.”

Matilde Lyet, Principal at Dreamcraft Ventures, adds: “In a market full of generic sustainability tools, Telescope stands out with its laser focus on real estate. Their platform quantifies both climate risks and upsides – like the threat of landslides or floods, and the ROI of energy upgrades for both owners and their tenants, enabling property owners to make financially impactful decisions, whether investing in renovations or securing green financing.”

About Telescope

Telescope is a Norwegian PropTech company that provides real estate organizations with a platform to understand, manage, and reduce climate-related risks. Founded in 2022, the company has grown to serve several of Norway's largest real estate firms. Telescope's solution transforms complex climate data into actionable insights, enabling property owners to protect asset values, access green financing, and meet regulatory requirements.