Digital building operator R8tech raises €900K to enter new markets
Tallinn-based R8tech, a digital building operator, has closed a €900K funding round from new investors. The startup is active in 12 different countries across the EU, including Portugal, Finland, Austria, Netherlands and Poland, and it plans to use the funding to take it further into new markets.
Founded in 2017, R8tech’s digital building operator platform takes advantage of Building Management Systems of large shopping centres, office buildings and other modern commercial buildings with thousands, if not tens of thousands of sensors and datapoints. It constantly monitors and optimizes indoor climate, detects faults in the system, and manages tasks for the property management company.
The result is energy savings between 10-20% per property which in return leads to reduced CO2 emission. For example a 25.000 sqm government office building in Tallinn, Estonia has saved even 31.5% of energy and 225 tons of CO2 in 4 months.
The company’s HQ is located in Tallinn, Estonia. Among the clients are WeWork, CBRE, EDP, Sokotel, EfTEN Capital and others. R8 Digital Operator is monitoring over 500,000 sqm of commercial buildings today, and the area will triple in 2021.
R8tech was advised on the funding round by Ellex Partner Risto Vahimets and Counsel Antti Perli.