Next Sense, based in Amsterdam, has secured €11.5 million in Series A funding to expand its smart building platform globally. Focused on decarbonizing the real estate sector, the company is leveraging advanced technology to improve energy efficiency in buildings. The funding round, co-led by ABP and ETF Partners, aims to enhance the platform’s capabilities, furthering its mission to reduce carbon footprints in the built environment through innovative solutions.
In recent years, Next Sense has steadily gained attention for its technology’s potential to reduce energy consumption in buildings. Its platform has been recognized for delivering measurable energy savings, positioning the company as a key player in sustainable building management. This new funding is expected to accelerate its impact in the sector. The company, which emerged from a merger between EDGE Next and Sense by PHYSEE, offers a range of services aimed at optimizing building operations.
How will the new capital be used?
The capital raised will be directed towards enhancing Next Sense’s platform, which integrates real-time monitoring, AI-driven controls, and advanced simulations. This integrated approach is designed to optimize energy usage and meet environmental, social, and governance (ESG) standards. Next Sense’s platform also aims to enhance occupant experiences by making building operations more efficient. By utilizing this funding, the company seeks to address the significant contribution of real estate to global carbon emissions.
What role does sustainability play in their mission?
Sustainability is at the core of Next Sense’s mission, with the company focusing on aiding clients in reducing the carbon impact of buildings throughout their lifecycle. From pre-construction simulations to operational optimization, Next Sense provides comprehensive solutions to decarbonize the built environment. The organization is committed to helping its clients adhere to regulations like the EU CSRD and align with the energy objectives of the Paris Agreement.
The platform has proven effective across 150 deployments, achieving energy savings of 20-30% per project. These results have drawn high-profile clients, including CHANEL, AXA IM, Microsoft (NASDAQ:MSFT), and MERLIN Properties, showcasing the platform’s capability to meet both environmental and commercial needs. The company reports substantial growth, having doubled its sales and expanded its client base significantly this year, underlining its role in driving sustainability in the real estate sector.
Next Sense intends to use the funds to strengthen its international presence, with CEO Ferdinand Grapperhaus highlighting the value of the new partnerships.
“We are incredibly proud to welcome ABP and ETF Partners to the Next Sense family. With their expertise, reach, and commitment to impact, we are even better equipped for further international expansion.”
The company is poised to tackle the challenges of reducing the environmental footprint of buildings on a global scale.
The growth and funding of Next Sense reflect a wider industry trend towards sustainability and energy efficiency. As the demand for smarter, greener buildings increases, companies like Next Sense are positioned to lead the way with their innovative platforms. Their continued expansion and development are expected to contribute significantly to global efforts to minimize the environmental impact of the real estate sector, offering a model for others to follow.
