Finnish proptech platform CHAOS has announced the successful closure of a €1.5 million funding round led by sustainability-focused Swedish investment firm Nidoco.
Angel investors Kai Keituri, Tapio Heikkilä, and Stefan Lindberg had also participated in the funding round.
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.
The CHAOS team said that it plans to make further improvements to its technical forecasting solution planned that aims to deliver deeper data insights to customers.
The team is also currently in talks to make their forecasting solution available in other markets.
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.
The CHAOS platform aims to forecast which acquisitions to make so they can build profitable, sustainable portfolios that make cities great places to live for residents by understanding the demographic demand and matching it with the service supply of each area.
“From day one, we are proud to have been backed by such a high caliber of investors who believe in what we do.
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. The real estate industry will only move forward when livable cities become good investment targets – we want to make that happen
said Natalia Rincón, Co-founder and CEO of CHAOS.
“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.
CHAOS places citizens at the center of our cities, enabling developers to smartly plan sustainable urban environments that prioritise long-term viability.”
said Nidoco CEO Patrick Castren.
