Digital building operator R8tech raises €900,000 to enter new markets
19:55
Digital building operator, R8tech, closed a €900,000 funding round from new investors. R8tech’s digital building operator platform takes advantage of Building Management Systems of large shopping centers, office buildings, and other modern commercial buildings with thousands, if not tens of thousands of sensors and data points. 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 percent 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 percent of energy and 225 tons of CO2 in just four months.
R8tech is active in 12 different countries across the EU, including Portugal, Finland, Austria, Netherlands, and Poland. 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.
“There is over 5 billion sqm of commercial buildings in the EU according to the European Commission that is using too much energy while not reaching optimal indoor climate due to the complexity of the systems. R8tech has demonstrated a noticeable positive effect once integrated,” Siim Täkker, CEO of R8tech, said.
“Based on long-term experience in construction and development I know what challenges have to be overcome in the field. Global development and success of the whole PropTech sector give an impressive signal that there is an enormous potential to benefit from PropTech. R8tech unique solution is beneficial for construction, RE owners, facility managers, and buildings’ users. I would not be surprised if the R8tech solution would become a general standard in the market,” Kristjan Mitt, the lead investor and the co-owner of the Mitt & Perlebach construction and real estate development group, added.
(WBJ)
