Tallinn-based R8 Technologies, a digital building operator, closes an investment round

R8tech has announced the closing of an undisclosed investment round by partnering with Panasonic Corporation, Encevo, and Møller Eiendom. The round aims to support further international expansion of R8 Technologies.

• R8 Technologies is an AI-based technology company that manages over 3 million m² of commercial real estate across Europe. Its R8 Digital Operator helps enhance building operations of real estate properties, including office and public buildings, shopping malls, and hotels. R8 Digital Operator claims that it allows to reduce building operational expenses, increase in property value, upgrade building energy class, reduce CO2 emissions, and achieve sustainability compliance.   
• R8 Technologies Europe-wide client real estate portfolios include Merlin Properties, Alecta Fastigheter, Nepi Rockcastle, Eften Capital, Capitalica Asset Management, Kapitel, Swedbank, Radisson, Pontos Group, Linstow Baltic, Citycon, Ülemiste City, and many more.
• Global Panasonic Corporation, sustainable energy company Encevo, and environmentally conscious real estate Møller Eiendom co-led the investment. Its amount was undisclosed. In January 2021, R8tech closed a $1 million funding round.

“We are honored to share a joint sustainability mission with Panasonic Corporation, Encevo, and Møller Eiendom. R8 Technologies strives to accelerate the transition to a low-carbon future using cutting-edge AI technology, the R8 Digital Operator Jenny. R8 Jenny is the continuously improving AI software, an ultimate real estate technical assistant. It is the game-changer for sustainable real estate that can enhance the entire sector’s impact on climate change mitigation.”

Siim Täkker, co-founder & Chief Executive Officer of R8 Technologies commented.

• The fresh funding aims to support further international expansion of R8 Technologies, continuous technological leadership, and development of R8 AI-powered software solutions.