Ellex Raidla has helped Tallinn-based R8tech obtain EUR 900,000 in funding from multiple investors.
R8tech provides a digital building platform which monitors and optimizes indoor climate, detects faults in the system, and manages tasks for the property management company in shopping centers, office buildings, and other modern commercial buildings. According to Ellex, the platform helps save between 10-20% of energy per property, which in return leads to reduction in CO2 emissions.
The startup is active in 12 different countries across the EU, including Portugal, Finland, Austria, the Netherlands, and Poland. According to Ellex, it will use the funding to expand into new markets.
Ellex Raidla’s team consisted of Partner Risto Vahimets and Counsel Antti Perli.
Ellex Raidla did not reply to an inquiry about the deal.