The building sector is one of the most polluting worldwide and experts at the European Commission say that in the EU region, buildings are responsible for 40% of the consumed energy, as well as for 36% of the energy-related carbon footprint.

ESG Today writes that Estonia-based Bisly offers a smart technologies platform for managing things such as HAVC and lighting systems within a building, either remotely or automatically. The company's solution uses a digital-twin of the building to continuously track consumption data and habits, optimizing the consumption based on these two factors.

Bisly's solutions, which are scalable, can help reduce up to 30% of a building's emissions, through a combination of hardware and software.

Ants Vill, CEO at Bisly, said that "this funding round enables us to do two things simultaneously: expand into new markets while continuously innovating our product range in such a way that we continue to set the newest industry standards. Bisly’s emissions reducing systems are a much-needed partner to advances in clean energy production elsewhere."

Aconterra, SmartCap Green Fund and Pionera Capital are among the investors who participated in the funding round.