Telescope Secures €3.7M to Transform Climate Risk into Strategic Strength for Real Estate

Norwegian proptech startup Telescope has secured €3.7 million in Seed funding to enhance its platform designed to help real estate owners across Europe turn climate risk compliance into strategic opportunities. As regulations around sustainability become more rigorous, real estate firms are increasingly challenged to integrate climate risks into their planning. Telescope's SaaS platform offers a robust tool that allows these firms to efficiently assess and manage a spectrum of sustainability risks including climate and biodiversity concerns. The recent funding, spearheaded by Scale Capital and Dreamcraft Ventures, will fuel Telescope’s market expansion into Denmark, Sweden, and the Netherlands, as well as broaden its offerings to financiers and investors within the real estate sector. With backing from other investors such as Curiosity VC and OBOS Oppstart, the startup aims to redefine the industry's approach to climate risks by turning these risks from a mere compliance necessity into a strategic advantage and financially driven decisions. The platform aggregates data for physical climate risks, biodiversity, and energy consumption, facilitating comprehensive transition plans for sustainable property management.