Press Release
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December 10, 2024
Next Sense, a leading provider of Smart BuildingPlatform SaaS solutions, has announced the successful close of an €11.5 million Series A investment round. The funding was co-led by ABP and ETF Partners, with additional participation from existing shareholders Edge, SHAPE Capital, and Timeless Investments.
This funding will empower Next Sense to accelerate its mission of decarbonizing the built environment by scaling its operations globally and enhancing its Smart Building Platform. The platform integrates real-time monitoring, AI-driven controls, advanced building simulations, and professional services to help clients optimize energy usage, meet ESG standards, and improve occupant experiences. It addresses a critical challenge in real estate: reducing buildings’ 40% share of global CO₂emissions.
Since the merger of EDGE Next and Sense by PHYSEE earlier this year, Next Sense has experienced exceptional growth - doubling its sales volume and significantly expanding its client base to include over 150 high-profile real estate assets for leading global clients such as CHANEL, AXA IM, Microsoft, and MERLIN Properties. The company’s platform consistently delivers substantial energy savings, reducing total building primary energy consumption by up to 40% per project. These achievements underscore its ability to drive meaningful change in the real estate sector while delivering measurable financial and environmental benefits to its clients.
Recognized as a B Corporation, Next Sense enables clients to decarbonize their buildings across the entire lifecycle — leveraging simulations during pre-construction and redevelopment phases and optimizing operations through AI-powered monitoring and control solutions. These services are enriched by regular white-glove customer success sessions, ensuring each client meets sustainability regulations like the EU CSRD while achieving the energy goals of the Paris Agreement.
The Series A funding represents a strategic impact investment, aligning with ABP and ETF Partners' commitment to generating measurable environmental benefits. By advancing Next Sense’s technology, this funding contributes directly to decarbonizing the built environment and achieving global sustainability targets.
Ferdinand Grapperhaus, CEO of Next Sense, expressed his enthusiasm about the funding: “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. Additionally, we are deeply grateful for the renewed trust from our existing shareholders: Edge, SHAPE Capital, and Timeless Investments. Together, we are driving innovation to reduce the footprint of the built environment. It’s a mission full of challenges, and this is the beginning of a breakthrough.”
Lodewijk Meens, senior portfolio manager at ABP Netherlands Energy Transition and Biodiversity Fund: “Next Sense's smart software brings buildings to life to innovatively control and optimize all systems in a building, creating significant positive environmental impacts. We very much look forward to working with Next Sense to make the built environment more sustainable.”
Tomer Strikovsky, Partner, ETF Partners commented: “The built environment represents one of our biggest challenges in reaching net zero targets. Next Sense’s platform stands out for its proven ability to deliver measurable energy reductions at scale. What impressed us most was not just the technology, but how they've made complex building optimization accessible and actionable for property managers. With over 150 successful deployments showing consistent 20-30% energy savings, they've demonstrated that smart building technology can drive both environmental impact and commercial returns. We believe Next Sense will play a crucial role in transforming how buildings operate globally.”
For all media enquiries please email press@next-sense.com.
