CHAOS raises €1.5M to help real estate investors sustainably invest in the future growth of cities.
The proptech platform lets investors forecast which services and infrastructure urban areas will need to meet the needs of future residents
HELSINKI, Finland (January 28th, 2021) Finnish proptech platform CHAOS has announced the successful closure of a €1.5M 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.
“From day one, we are proud to have been backed by such a high caliber 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.
“This latest round of investment will support our mission to make future cities vibrant places to live by helping today’s real-estate investors forecast how they will grow and evolve through true data-driven insights. This will help them build sustainable property portfolios by understanding the demographic demand and matching it with the service supply of each area.”
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 is custom-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 center of our cities, enabling developers to smartly plan sustainable urban environments that prioritize long-term viability.”
The CHAOS team has a busy 2021 planned, with further improvements to the technical forecasting solution planned that will deliver deeper data insights to customers. The team is currently in talks to make their forecasting solution available worldwide. “The real estate industry will only move forward when livable cities become good investment targets - we want to make that happen,” concluded Rincón.
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Our ultimate purpose at CHAOS is to create better and more sustainable cities for everyone around the world. Our multicultural team is composed of industry-leading proptech and smart city talent. We are based in Finland, but we will reach out to the world’s cities soon. For more information, visit chaosarchitects.com.
Nidoco AB is a Swedish investment company whose strategy is to create long-term value through active ownership of public and private companies. We are currently a leading shareholder of 3 listed companies with head offices in the Nordic region and we have direct and indirect investments in more than 250 unlisted companies globally. In total, our subsidiaries and associate companies generate annual sales in excess of EUR 6,7 billion and have more than 15.000 employees. Nidoco is an independent part of the Virala Group. For more information, visit Nidoco.se
** Under embargo until January 28th, 2021, 10 AM EET GMT+2 **