Idun, the Stockholm-based software company behind ProptechOS, an innovative operating system for building data, recently concluded a funding round, the specifics of which were undisclosed, led by SaaS investor Partinc. ProptechOS functions by aggregating real-time data from diverse sources like building management systems, BIM, business data, and IoT devices, enabling optimization in energy use, presence analytics, environmental certification, predictive maintenance, and other progressive applications. The infusion of this funding will empower Idun to bolster ProptechOS’s functionalities, scale its solutions cost-effectively, and further integrate within the PropTech landscape, catering to the burgeoning digitalization needs and resource optimization demands within the industry.
ProptechOS has been on the market since 2019 and boasts users in Sweden, the United States, Germany, Norway, Denmark and Finland. The real estate industry is only beginning to embrace digitalization, which holds immense potential for optimizing resource usage across various domains, such as energy consumption, operations, and utilization while enhancing client experiences. Access to data and the ability to scale solutions cost-effectively are crucial in this development.
“Until now, we have collaborated with our clients to develop ProptechOS into a useful product, following the principles of other cloud platforms. Almost all our clients are rapidly transitioning from pilot to wide production. This makes it the right time to introduce new shareholders, and Partinc brings impressive expertise in scaling SaaS companies internationally” says Per Karlberg, co-founder and CEO of Idun.
ProptechOS is a SaaS platform built on the open standard RealEstateCore, facilitating the integration of all applications within the PropTech world. This ensures property owners are future-proofed, as they only need to build a single integration with ProptechOS, rather than integrating each application with every individual system in their properties. Furthermore, the platform makes it cost-effective to add, improve, or replace PropTech solutions at scale.
“Growing ProptechOS in collaboration with the company’s founders and Vasakronan will be immensely intriguing. We see significant potential in ProptechOS’s offerings, given that the market is virtually limitless. Additionally, it is great that Partinc, through ProptechOS, can contribute to reducing environmental impact in the real estate industry, one of the world’s largest industries,” concludes Per Nordling, founder and partner at Partinc.
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