Oslo’s Kvist raises €1.3M to help construction and real estate sectors with sustainability reporting

Oslo-based Kvist, a tech company helping the construction and real estate sectors plan, improve, and report on sustainability performance, has raised €1.3M in funding from both new and existing investors.

Among the new investors is Kiilto Ventures, part of the Kiilto Family Group. 

The Norwegian company also secured continued backing from current investors such as DNB Ventures, Alliance Venture, Ferd, Arkwright X, and Squid.

Kiilto is a family-owned company that develops, produces, and markets chemical industry solutions in the fields of construction, industrial adhesives and fireproofing, professional hygiene, and consumer goods.

Kiilto Ventures is the corporate VC of Kiilto. It invests in and builds early-stage startups. 

“We see a clear market demand for solutions that simplify compliance with increasingly stringent regulations. Kvist has developed a unique tool that addresses this need, and we look forward to supporting their continued growth,” says Matti Rönkkö, Managing Director at Kiilto Ventures.

The company will use the funds to strengthen its market position and accelerate growth.

Kvist: Simplifying sustainability reporting

Led by Fabian Utigard, Kvist was founded to simplify sustainability compliance in the built environment.

The company offers a platform that helps construction and real estate companies understand environmental regulations and plan for compliance.

The platform ensures that the necessary measures are taken for each building or project in alignment with regulations like the EU taxonomy and green building certifications. 

By lowering administrative costs and providing insights into sustainability performance, Kvist allows the sector to focus more on environmental improvements and less on paperwork.

“Our technology enables sustainability leaders and specialists to focus more on environmental initiatives since time spent on reporting is cut down with Kvist. Knowing our platform makes a tangible difference is incredibly motivating” says Fabian Utigard, CEO of Kvist.

The company’s technology helps clients save hundreds of hours per project while improving environmental outcomes and data quality in their portfolios.

“We see that existing and upcoming regulation in the built world is key for making it more sustainable. At the same time, we see the massive workload and the pain of collecting the required data and metrics. We think that solutions like Kvist not only help with the workload of new reporting standards but above all create trust in the thrive towards sustainability, by making sure the data is correct increasing the value of reporting and certificates” says Matti Rönkkö, Managing Director at Kiilto Ventures.