Revelop, a Swedish company that specialises in value added investments, has invested in a proptech company to boost its ESG ambitions.
The company has taken an undisclosed share in Myrspoven, which helps companies lower energy consumption via artificial intelligence.
With the fresh injection of funds, the two companies believe they can ‘step up’ the development of smart automation solutions to reduce C02.
Thomas Sipos, CEO and partner at Revelop, explained the pair already had an ongoing collaboration using AI to learn how to optimize operations for significantly reduced energy use, better indoor temperatures for tenants and lower costs.
Anders Kallebo, CEO and founder of Myrspoven, said:’We have a lot to add to each other in the continued development.’
Revelop changed its name from Profi Fastigheter last year at the same time as revealing it had closed its fifth value add fund, Revelop 5, on SEK 2.1 bn (€200 mln).
The fund was the company’s largest since setting up in 2004 and the largest Swedish value-add real estate fund in seven years.
