Finnish proptech platform Chaos announced the closure of a 1.5-million euro funding round led by sustainability-focused Swedish investment firm Nidoco with angel investors Kai Keituri, Tapio Heikkilä, and Stefan Lindberg also participating.
The investment team will work with Chaos to scale their real-estate forecasting insights so investors and developers can better assess risks and increase their competitive edge when building urban portfolios across the world, it said.
“From day one, we are proud to have been backed by such a high calibre of investors who believe in what we do,” says Chaos co-founder and CEO Natalia Rincón.
“The world’s urban environments are developing at an extraordinary rate, yet as we have seen, it is essential they remain liveable for residents under all kinds of conditions,” Rincón said in a statement.
Chaos said private real estate investors play a key role in how cities develop over the long term. They have access to many sources of data, but the ability to generate professional insights and forecasting from their data sets has not yet fully matured. Its platform is built to tackle this challenge by helping them forecast which acquisitions to make so they can build profitable, sustainable portfolios that make cities great places to live for residents.
“We identified Chaos as a key player in our strategy to invest in AI and Urban Technology-based businesses that reduce CO2 emissions and increase the efficiency of the built environment,” said Nidoco CEO Patrick Castren.
“Chaos places citizens at the centre of our cities, enabling developers to smartly plan sustainable urban environments that prioritize long-term viability,” Castren said.