Telescope AS, an Oslo-based PropTech firm, entered the market in 2022 to address the growing complexity of sustainability and climate risk in the real estate sector. The company was founded by Gustav Haaland (CEO), Marit Bjerkreim (CFO), and Mathias Wahl (CTO), a team with a combined background in sustainability, data science, and property technology. Their journey began with the observation that real estate owners were inundated with ESG reports and regulatory acronyms but lacked clear, financially relevant insights for their properties. The company operates on a Software-as-a-Service (SaaS) B2B model, providing a platform that translates intricate climate and sustainability data into strategic, actionable financial insights for its clients. The primary client base includes real estate owners, asset managers, investors, and financiers. After establishing a foothold with major real estate firms in Norway, Telescope is now expanding its operations into Denmark, Sweden, and the Netherlands. Telescope’s core offering is a platform that enables users to analyze and manage a spectrum of sustainability risks. By inputting a property’s address, the system leverages geospatial data and AI to conduct a comprehensive analysis of physical climate risks such as flooding and wildfires, as well as transition risks and biodiversity impacts. The platform moves beyond mere identification by providing actionable recommendations and quantifying the financial upsides of sustainability initiatives, such as the return on investment for energy-efficient upgrades or eligibility for green financing. This functionality aims to transform sustainability from a compliance obligation into a strategic financial advantage, allowing property owners to protect asset values and navigate the evolving regulatory landscape driven by EU directives. In March 2025, the firm secured a significant milestone with a €3.7 million seed funding round. The financing was co-led by Scale Capital and Dreamcraft Ventures, with participation from Curiosity VC and OBOS Oppstart, signaling investor confidence in the company’s approach to a growing market need. This capital injection is earmarked for scaling its European expansion and further developing its platform to serve a broader range of real estate stakeholders. Keywords: real estate climate risk, proptech, sustainability analytics, ESG reporting, green financing, asset management, climate data platform, transition risk, biodiversity risk, property technology, investment analysis, portfolio risk management, EU Taxonomy, sustainable real estate, financial insights, geospatial data analysis, climate adaptation, regulatory compliance, real estate SaaS, Oslo startup
