PropTech Startup Telescope Raises $4 Million to Help Real Estate Owners Manage Climate Risks

Norwegian proptech startup Telescope announced that it has raised €3.7 million (USD$4 million) in a seed round, with proceeds aimed at scaling its platform that helps real-estate owners assess and manage sustainability and climate risks.

Founded in 2022 by Gustav Haaland, Marit Bjerkreim, and Mathias Wahl, Oslo-based Telescope provides tools aimed at helping real estate companies to identify sustainability risks, create action plans, and manage transition risks. The company’s platform enables property owners to quantify and manage risks like biodiversity loss, physical climate threats, and regulatory changes, providing data insights help real estate firms make smarter investment decisions, access green financing and meet regulatory requirements. The company said that the capital raise comes as European regulators ramp up pressure on businesses to assess and disclose climate risks, real estate owners face an increasingly complex landscape.

Telescope said that in 2024 several leading real estate firms began using its platform, and that it is launching in Denmark, Sweden, and the Netherlands, while expanding its platform to serve financiers and investors in the real estate sector.

Gustav Haaland, CEO and Co-founder of Telescope, said:

“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.’ We’re not here to add more paperwork. Unlike existing solutions, Telescope turns sustainability from an abstract compliance risk into tangible, financially driven decisions.”

The round was led by Scale Capital and Dreamcraft Ventures, with participation from Curiosity VC and OBOS Oppstart.

Joachim Schelde, Senior Associate at Scale Capital, said:

“What caught our attention was the team’s deep understanding of real estate owners’ pain points in identifying, assessing, and managing the sustainability risks facing their assets, such as floods, wildfires, protected species, and polluted land. Their momentum in Norway – closing multiple Tier 1 customers in record time – signals a massive opportunity to redefine how the industry approaches climate risk.”

Photo credit: Christoffer Jellum