Bisly in an €1.7 million investment deal

Bisly, a Talinn, Estonia-based SAAS developer of intelligent building solutions, announced closing a €1.7 million ($2M) investment deal.

The money was raised from a range of investors including Viljar Arakas, Timo Rein, Martin Henk, Martin Tajur and Peep Vain.

Enterprise Estonia’s programme Green ICT for cooperation between Estonia and Norway also contributed €700k to the development of the company.

Bisly, founded in 2018 by CEO Siim Vips, developed an intelligent building technology that makes it easy to save energy in residential as well as office buildings. The compamny says that it installed more than 20,000 Bisly controllers in Estonia.