Estonian digital building operator R8tech raises €900K to enter new markets
Summary
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. 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. R8 Digital Operator is monitoring over 500,000 sqm of commercial buildings today, and the area will triple in 2021. “There are over 5 billion square meters of commercial buildings in the EU according to the European Commission that are using too much energy while not reaching optimal indoor climate due to the complexity of the systems. R8tech unique solution is beneficial for construction, RE owners, facility managers and buildings’ users.