Proptech Startup Setle Lands €1.5M To Back Sustainable Renovations

August 23, 2022 | 2 minutes read

Belgian Proptech startup Setle gathers funding of €1.5 million to construct its platform supporting sustainable renovations.

Founded in 2020 by Thibaut Nivelles, Setle, an online platform providing realistic picture of cost of sustainable renovations-on top of the purchase price has steered a fresh investment of €1.5M.  In a round led by KBC , this also marks a new partnership between the bank and the startup. Also, Setle and KBC together are willing to start a number of pilot projects in the autumn.

Nivelles in regards to investment said

We are delighted that KBC, which boasts the best mobile banking app in the world and has a clear focus on sustainability, will be supporting us in the further development of our business.”

Indubitably, the European startup landscape is booming especially in terms of sustainable innovations and technology. Many climate tech startups like Traace, Treepoints and Datia are now leading the market with their new and fresh approach. But now Setle that entered the market  in a pandemic struck year with a sustainability approach has now more than 425 estate agents and counts around 10 team members.

Setle With Real-Time Digital Solutions

Based in Limberg, Setle provides real-time digital solutions to estate agents who pay an annual license fee and can give individuals (buyers and renovators) real-time insights into total cost of property. Including estimates of renovation costs as well as costs of making property more sustainable.

Also, improving the energy label rating and energy consumption, obtaining potential subsidies and grants. Furthermore, the estate agents can also suggest alternative properties which based on Setle’s renovation estimate (including subsidies and grants) might be more interesting propositions.

All in all, with clear breakdown of the costs and user-friendly interface, the tool makes searching for the ideal home more efficient and transparent- for both the potential buyers and estate agents.