innogy Innovation Hub makes first investment in the Nordics, for Finnish AI company, SkenarioLabs
Espoo, Finland 28.1.2019 SkenarioLabs, a Finnish start-up that provides Artificial Intelligence (AI) based data services to the real estate industry, has received an undisclosed sum in a seed funding round led by innogy Innovation Hub.
The innogy Innovation Hub is the Accelerator and Venture Capital arm of innogy SE, a leading German energy company, with revenues of around €43 billion (2017), more than 42,000 employees and activities in 16 countries.
SkenarioLabs’ AI powered web-based data analytics service provides detailed and reliable diagnostics on property portfolios to enable effective management and maximise return on investment. The company’s platform can be used to plan maintenance and renovations as well as determine the technical risks and its effects on real estate value, rent and income projections. The data collected can also be used to develop insights on energy consumption and renewable energy estimations.
SkenarioLabs was founded in 2015 and is located at the Finnish “Silicon Valley” at Startup Sauna. The company counts several property asset managers, financial institutions and energy companies among its client base. Its service is available in several European markets including Finland, UK and Sweden and plans to extend into new markets including Germany, Switzerland and Poland.
Topi Tiihonen, SkenarioLabs CEO commented:“We are very proud of the results we have achieved to date and we are eager to grow even more. We believe that this partnership with innogy Innovation Hub will help establish us as leaders in the real estate analytics market. With this funding, we will grow our resources and expand our presence in the Central European markets.”
“SkenarioLabs has developed an impressive client-base in a relatively short space of time with practical solutions for the real estate sector, including using buildings’ technical data to help in predictive maintenance and reducing the cost of property valuations through automation,” said Alina Prawdzik, Head of ‘Smart & Connected’ and CEE at the innogy Innovation Hub. “In addition, by digitising buildings’ technical data, they contribute to the digital twin, and we see huge potential in SkenarioLabs’ technology in enabling the smart building of the future. We are excited to welcome SkenarioLabs to our portfolio and are looking forward to partnering with Topi and the management team to as they look to achieve their growth ambitions.”
About innogy Innovation Hub
innogy Innovation Hub believes that new technologies, business models and consumption patterns will redefine the energy market of the future. We believe this future will be driven by four core global trends; decarbonisation, decentralisation, digitisation and democratisation. innogy Innovation Hub’s mission is to drive this vision for the future of energy by being a sector disruptor: by identifying the game-changing technologies, ideas, individuals and businesses that will help build that future, wherever they are, providing funding, mentoring and a platform for co-creation, collaboration and convergence.
The innogy Innovation Hub has created a €150m portfolio (as of October 2018) through investing in disruptive individuals, start-ups and early stage businesses and provided opportunities for 80+ start-up and scale-up companies to collaborate. It is headquartered in Berlin, with teams across Europe including in London, Warsaw and Essen, as well as offices in California (Silicon Valley) and Israel (Tel Aviv).
The innogy Innovation Hub is funded by innogy SE, a leading German energy company, with revenues of around €43 billion (2017), more than 42,000 employees and activities in 16 countries. For more information visit: https://innovationhub.innogy.com
SkenarioLabs is an Artificial Intelligence (AI) startup offering sophisticated real-estate analytics. With detailed, reliable data-driven technical surveys and value assessments, SkenarioLabs communicates to entreprises how to get the best return on investment (ROI) on real-estate.
The company already has its service deployed in several European markets including Finland, UK and Sweden and is moving towards new markets such as Germany, Switzerland, Poland. In addition, the company has been selling to several property asset managers, financial institutions and energy companies.
Founded in 2015 and located in Espoo, Finland.
Topi Tiihonen, CEO SkenarioLabs
+358 44 309 2580
Address: Betonimiehenkuja 3D, 02150 Espoo, Finland
innogy Innovation GmbH
Rellinghauser Strasse 27
M + 49 162 2502544