March 6, 2025 – Norwegian PropTech startup, Telescope, has raised €3.7 million ($4 million) in a seed funding round to expand its platform, which helps real estate owners assess and manage sustainability and climate risks. The funding comes amid growing regulatory pressure on businesses to disclose environmental risks and integrate sustainability into decision-making.

Telescope: A New Tool for Real Estate Sustainability

Founded in 2022 by Gustav Haaland, Marit Bjerkreim, and Mathias Wahl, Oslo-based Telescope provides data-driven tools to help real estate companies identify sustainability risks, create action plans, and manage transition risks. The company’s platform enables property owners to quantify and mitigate climate-related threats such as biodiversity loss, extreme weather, and regulatory changes—all of which are increasingly impacting real estate investments.

The platform is designed to help real estate firms make smarter investment decisions, secure green financing, and comply with regulatory requirements. In 2024, several major real estate firms adopted Telescope’s platform, and the company is now expanding into Denmark, Sweden, and the Netherlands, while also extending its services to financiers and investors.

Funding to Drive Expansion

The $4 million seed round was led by Scale Capital and Dreamcraft Ventures, with participation from Curiosity VC and OBOS Oppstart.

Gustav Haaland, CEO and Co-founder of Telescope, emphasized the industry's need for actionable insights rather than complex ESG reports, stating:

“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.”

Joachim Schelde, Senior Associate at Scale Capital, highlighted Telescope’s rapid growth and market potential:

“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.”

A Growing Market for Climate Risk Solutions

With climate regulations tightening across Europe, real estate owners face increasing challenges in navigating environmental risks. Telescope’s platform aims to bridge the gap between compliance requirements and financially sound sustainability decisions, making it a valuable tool for industry leaders.

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As the climate crisis accelerates, investors and property owners will need advanced data solutions like Telescope to manage risks and meet sustainability targets.

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