Amsterdam, March 5th, 2025 - After a year of significant growth and securing top-tier real estate customers in its home market, Norwegian proptech startup Telescope has raised a €3.7 million seed round to expand across Europe, including the Netherlands, and help the real estate sector shift sustainability risks from compliance burdens to strategic opportunities.

The €3.7 million round is led by Scale Capital and Dreamcraft Ventures, with participation from Dutch investor Curiosity VC and the investment arm of Norwegian property developer OBOS. Founded in 2022 by Gustav Haaland, Marit Bjerkreim, and Mathias Wahl, the Telescope team brings deep expertise in sustainability, data science, and proptech, aiming to reshape how real estate owners navigate climate risks.

As European regulators ramp up pressure on businesses to assess and disclose climate risks, real estate owners face an increasingly complex landscape. Telescope’s AI-enabled platform translates climate risk data into strategic, portfolio-level insights, enabling property owners to quantify and manage risks like biodiversity loss, physical climate threats, and regulatory transition risks – not just for compliance, but to unlock financial value.

“In every conversation I have, real estate owners tell me the same thing – they’re drowning in ESG reports, consultant slide decks, and EU acronyms, yet they’re still asking: ‘What does this actually mean for my buildings?’” says Gustav Haaland, CEO and Co-founder of Telescope. “We’re not here to add more paperwork. Unlike existing solutions, Telescope turns sustainability from an abstract compliance risk into tangible, financially driven decisions.”

“One way I like to look at this is that we’re taking our customers from trying to learn a language by reading a dictionary to using Duolingo instead,” says Gustav Haaland.‍

Rapid growth in Norway - ready to expand across Europe

In 2024, Telescope signed multiple leading real estate firms in Norway with a team of just eight people and minimal marketing spend. Now, the company is scaling its footprint, launching in Denmark, Sweden, and the Netherlands, while expanding its platform to serve financiers and investors in the real estate sector.

According to Elliot Schouten, investor at Curiosity VC, the strong alignment of Telescope’s platform with market pain points is one of the key drivers of its rapid growth.

"The pressure on the real estate sector to manage sustainability risks is increasing rapidly, driven by both regulations and financial consequences such as higher interest rates. Telescope provides property owners with a scalable and efficient way to manage these risks while simultaneously creating value. The combination of advanced risk analysis, compliance tools, and smart recommendations makes it a powerful solution with significant growth potential."

Matilde Lyet, Principal at Dreamcraft Ventures, adds: “In a market full of generic sustainability tools, Telescope stands out with its laser focus on real estate. Their platform quantifies both climate risks and upsides – like the threat of landslides or floods, and the ROI of energy upgrades for both owners and their tenants, enabling property owners to make financially impactful decisions, whether investing in renovations or securing green financing.”

With proven impact in Norway and fresh capital secured, Telescope is positioned to help property owners across Europe turn climate readiness from a challenge into a strategic strength.

About Telescope

Telescope is a Norwegian proptech company that provides real estate organizations with a platform to understand, manage, and reduce climate-related risks. Founded in 2022, the company has grown to serve several of Norway's largest real estate firms. Telescope's solution transforms complex climate data into actionable insights, enabling property owners to protect asset values, access green financing, and meet regulatory requirements. Backed by Scale Capital, Dreamcraft Ventures, Curiosity VC, and OBOS, the company is expanding across the Nordics and the Netherlands to help European real estate companies align risk reduction with their bottom line to supercharge sustainability efforts.

For more information visit www.telescope.eco/