Norwegian proptech startup Telescope raises €3.7M from Amsterdam’s Curiosity VC, others 

Oslo-based Telescope, a PropTech company, has secured €3.7M in a seed round led by Scale Capital and Dreamcraft Ventures, with participation from Amsterdam-based Curiosity VC and OBOS Oppstart.

Scale Capital is a Danish early-stage technology investor that invests in digitisation and disruptive technologies in Enterprise Software and Deep Tech. The VC focuses on B2B technology companies in the Nordics and Germany at Seed and Series A, and typically invests €1-3M. 

“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,” says Joachim Schelde, Senior Associate at Scale Capital.

 “Their momentum in Norway – closing multiple Tier 1 customers in record time – signals a massive opportunity to redefine how the industry approaches climate risk,” he adds. 

The funding comes after the company signed multiple real estate firms in Norway with a team of just eight people and minimal marketing spending.

Additionally, 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.

Telescope: Addressing sustainability risks

Founded in 2022 by Gustav Haaland, Marit Bjerkreim, and Mathias Wahl, Telescope provides real estate organisations with a platform to understand, manage, and reduce climate-related risks.

“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.

The company’s solution transforms complex climate data into actionable insights, enabling property owners to protect asset values, access green financing, and meet regulatory requirements.

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

The company’s 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.

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.”