What Nordic Propeye does

Nordic Propeye is a Swedish technology company that operates an integrated IoT platform for property energy management, serving primarily Swedish housing associations (BRFs), multi-dwelling buildings, property managers, and commercial property owners across the Nordics and selected European markets. The company is one of Sweden's three largest individual measurement and debitering (IMD) operators, with roots dating to 2001 through Home Solutions, and currently connects 600,000+ metering points across 1,500+ customer properties, processing approximately 75 million data points daily. Nordic Propeye AB is the primary legal entity, headquartered in Stockholm, with regional offices in Gothenburg, Linköping, and Sundsvall, and an 11-50 employee headcount that reflects a high-automation, channel-partnered operating model.

The Propeye platform is organized in three product layers: (1) Measurement and Debitering, covering individual electricity (IMD El), water (IMD Vatten), and temperature-based heat cost allocation (Komfortvärme); (2) Energy Optimization, anchored by PropSaver, which controls the heat plant based on measured indoor temperature and jointly manages electricity and district heating with a 15-minute optimization cycle, plus 3D temperature visualization; and (3) Damage Prevention, including water leak detection cables and connected smoke detectors with 24/7 SOS Alarm monitoring. For commercial properties, PropSense provides a supplier-independent sensor data layer that can forward data to any customer-chosen platform. The company designs and manufactures its own LoRaWAN hardware stack, including OY-series sensors (OY1110 temperature/humidity, OY1210/OY1211 CO2, OY1400 analog converter, OY1410 pulse meter, OY1700 particle meter), LoRaWAN gateways (Macro and Micro), MIVO 256/32 M-Bus collection units, the PropEdge control unit for asset orchestration, and MID-certified LoRaWAN electricity meters. Native integrations are in production with the major Swedish economic property management systems (Vitec, Fast2, Fortnox, HSB, Riksbyggen, SBC, Nabo, Fastum, Bredablick, Simpleko, Fastighetsägarna, Delagott, Egeryds, Storholmen), enabling automated billing into existing monthly invoices.

Nordic Propeye generates revenue through a mix of recurring subscriptions (IMD monitoring, PropSaver optimization, PropSense commercial sensor services), 8-year managed-service contracts (EV charging from 149 SEK per charging point per month, combo chargers from 89 SEK, fire detection from 29 SEK per detector per month), one-time hardware sales and installation (approximately 2,000 SEK per apartment for IMD El with 1-2 year payback), and per-metering-point subscription fees. Distribution combines direct sales to BRF boards and property managers across four Swedish offices with a channel model in which electrical installer partners sell and install solutions using pre-configured hardware and an installation app. The company has completed three acquisitions in the IMD space (Home Solutions in 2021, Talkpool IoT merger in 2021, Ngenic Sverige AB in 2024-Q2 for 12-14 MSEK), with the Home Solutions brand fully retired in September 2025 and all operations consolidated under Nordic Propeye. US market entry was initiated in 2023 via the Swedish Energy Agency's Skyline accelerator and MCCI distribution partnership.

Name

Nordic Propeye

Legal name

Nordic Propeye AB

Website

https://nordicpropeye.com

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

11–50 employees

Short description

Nordic Propeye is a Swedish technology company operating an integrated IoT platform for energy measurement, optimization, EV charging, and damage prevention, serving Swedish housing associations, property managers, and commercial property owners. One of Sweden's three largest IMD operators, it connects 600,000+ metering points across 1,500+ properties.

Ownership category

akta.pro rank

Product category

Property Energy Management Software

NAICS

Automatic Environmental Control Manufacturing for Residential, Commercial, and Appliance Use (334512), Security Systems Services (except Locksmiths) (561621), Facilities Support Services (561210)

SIC

Auto Controls For Regulating Residential & Comml Environments (3822), Measuring & Controlling Devices, Nec (3829), Services-Facilities Support Management Services (8744)

akta.pro primary industry

Occupancy, Space Utilization & Workplace Experience (HSAPAPAG)

akta.pro secondary industries

Multi-Sensor Environmental Monitoring Hubs & Smart Home Integrations (HSAHAGAJ), Fire, Life Safety & Emergency Systems (HSAPAPAF), Home Safety & Water Management (Smoke/CO, Leak Detection, Shutoff Valves) (HSAPAQAH), Smart Appliance & Energy Management Integration (HSAHADAG), Customer Energy Engagement (In-Home Displays, Portals, Usage Insights) (EUADAFAH)

Keywords

• Property energy management
• Sub-metering services
• EV charging infrastructure
• IoT building sensors
• Energy optimization software

Headquarters

HQ city

Stockholm

HQ country

Sweden

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Software

Revenue model

1. IMD Monitoring and Service Subscriptions: Ongoing subscription fees for monitoring individual consumption of electricity, water, and heating in residential and commercial properties. Includes platform access, data collection, and billing support. Typically sold per property or per metering point.
2. EV Charging as a Service: EV charging stations delivered as a full service including project management, installation, materials, excavation, commissioning, operation, support, updates, 8-year warranty, app, load balancing, and automatic billing via IMD El. Starting from 149 SEK per charging point per month for 8 years, with hardware ownership transferring to the customer after the contract period. Also available as a purchase option.
3. Combo Charger / Engine Heater Service: Combo chargers replacing old engine heaters, delivered as a service from 89 SEK per point per month for 8 years. 50% Ladda bilen government subsidy available for combo chargers.
4. Fire Detection Service: Connected fire detectors with 24/7 alarm monitoring via SOS Alarm, priced from 29 SEK per detector per month.
5. Energy Optimization (PropSaver): Revenue from heat optimization and peak power management. The platform optimizes heating based on measured indoor temperature and manages energy assets together to cut peak loads, recalculating optimal operation every 15 minutes.
6. Leak Detection: Early water leak detection using leak cables that sense water along their entire length. Available as model purchase or as a service.
7. IMD Hardware Sales: One-time investment sales of meters, sensors, and gateways for IMD electricity, water, and heating. For IMD El: approximately 2,000 SEK per apartment for meters and installation.
8. PropSense Commercial Sensor Services: Sensor data services for commercial properties: connecting buildings and energy assets, providing real-time sensor data, delivered as an ongoing service. Supplier-independent data forwarding to the customer's chosen platform.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels9 records

Core offering

Nordic Propeye provides a unified IoT and cloud-based property energy management platform (Propeye) for Swedish housing associations (BRF), multi-dwelling buildings, and commercial property owners. The platform integrates individual measurement and debitering (IMD) for electricity, water and heating, AI-driven energy optimization (PropSaver), EV charging as a service, and damage prevention (leak and fire detection) under one contract and one app. The company also designs and sells its own proprietary LoRaWAN sensors, electricity meters, gateways, and M-Bus collection units.

Product overview

Nordic Propeye is a Swedish technology company offering a unified property energy management platform (Propeye) for housing associations (BRF), multi-dwelling buildings, and commercial property owners. The offering is a platform-plus-modules architecture built around the Propeye cloud platform and resident/property manager app, with three layers of solutions: (1) Measurement & Debitering — IMD Vatten (water sub-metering), IMD El (shared electricity with individual sub-metering), Komfortvärme (temperature-based heat cost allocation), Laddstationer (EV charging as a service), and Motorvärmare (engine block heater upgrades to combo chargers); (2) Energy Optimization — PropSaver (AI-driven heating and energy asset optimization reducing combined electricity and district heating costs by 10–25%) and 3D Temperature Visualization (3D building model showing per-apartment temperature); (3) Damage Prevention — Läckagedetektering (water leak detection cable) and Branddetektion (connected smoke detectors with 24/7 alarm monitoring). For commercial properties, PropSense provides sensor data aggregation with supplier-independent data forwarding. The company also designs and manufactures its own IoT hardware: LoRaWAN sensors (OY1110, OY1210, OY1211, OY1400, OY1410, OY1700), electricity meters (single- and three-phase, direct and indirect, MID-certified), LoRaWAN gateways (Macro, Micro), and M-Bus collection units (MIVO 256, MIVO 32). Nordic Propeye was established in 2001 (roots), with the current brand formed January 1, 2023 through the merger of Home Solutions and Talkpool IoT.

Differentiator

Problem solved

Functional benefit

Brands

• PropSense: Sensor data solution for commercial properties - connects buildings and energy assets with real-time sensor data for advanced energy management.
• PropSaver
• OY-series

Named customers13 records

Segments5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration19 records

AI capability4 records

Feature8 records

Partnerships

16 partnerships are on record, tiered core and minor.

• SolfolketcoreStrategic or Co-development Partner · 13 November 2024Nordic Propeye and Solfolket entered a strategic partnership providing property owners with inomgårdsnät (shared courtyard electricity networks) new opportunities to implement smart solutions for sub-metering and electricity billing. Solfolket provides the inomgårdsnät infrastructure and Nordic Propeye provides the metering and billing platform.
• Property PartnercoreStrategic or Co-development Partner · 12 September 2024Property Partner signed a 3-year framework agreement with Nordic Propeye for a complete solution with pre-configured sensors, LoRaWAN connectivity, and data analysis to optimize and reduce energy consumption in commercial properties. Covers the full PropSense offering.
• ZparkcoreGTM or Marketing Partner · 20 August 2024Zpark and Nordic Propeye's Home Solutions division entered a strategic cooperation agreement to offer cost-effective and flexible EV charging solutions to Swedish housing associations. Home Solutions becomes a reseller of Zpark's charging solutions with flexible financing options.
• PHM GroupcoreChannel Partner/ Reseller/ Distributor · 24 June 2024PHM Group signed a cooperation agreement covering the entire Home Solutions product portfolio. Nordic Propeye's digitalization solutions became available for all housing associations and property owners managed by PHM Group in Sweden.
• KEBAcoreTechnology or Integration · 18 June 2024Through the Home Solutions brand, Nordic Propeye partnered with KEBA to install EV charging stations. Over 700 charging stations were installed in more than 15 housing associations in Sweden, and the companies shared insights in a joint report.
• Kubang ABminorChannel Partner/ Reseller/ Distributor · 15 April 2024Nordic Propeye and Kubang AB signed a distributor agreement making Nordic Propeye's IoT sensors available in Kubang AB's product portfolio and web shop.
• X2 WirelessminorStrategic or Co-development Partner · 3 July 2023Home Solutions (a Nordic Propeye business unit) entered a partnership with X2 Wireless to introduce smart fire alarm solutions to the Swedish property and housing market. First in Sweden with 24/7 alarm support via SOS Alarm.
• MCCIminorChannel Partner/ Reseller/ Distributor · 31 May 2023Nordic Propeye announced a strategic partnership with MCCI, a leading provider of USB and IoT technology, to bring Nordic Propeye's innovative IoT products to the American market. MCCI is Nordic Propeye's first distributor in the USA.
• MyrspovencoreStrategic or Co-development Partner · 8 November 2022Nordic Propeye and Myrspoven (AI company) collaborated on a cloud-based solution that digitalized G City Europe's 40,000 m² building Atrium Flora in Prague in 2 days. The joint solution achieved 25% lower property electricity, 11% lower tenant electricity, and 15% lower natural gas usage.
• ViteccoreTechnology or IntegrationIntegration partner for economic and notification systems. Nordic Propeye sends monthly billing data in the format that Vitec already uses, so measurement data lands correctly without new manual routines.
• Fast2coreTechnology or IntegrationIntegration partner for economic and notification systems. Measurement data integrated with Fast2 without new manual routines for property managers.
• FortnoxcoreTechnology or IntegrationIntegration partner for economic and notification systems. Measurement data integrated with Fortnox. Nordic Propeye stated they integrate with all major economic property managers.
• Swedish Energy Agency (Energimyndigheten)minorOthersNordic Propeye was admitted to the Energy Agency's Skyline project, an accelerator program helping Swedish green energy and PropTech SMEs enter the American property market.
• HSBcoreChannel Partner/ Reseller/ DistributorHSB housing associations are a key customer segment. Nordic Propeye integrates with HSB's property management systems and serves multiple HSB-managed properties.
• RiksbyggencoreChannel Partner/ Reseller/ DistributorRiksbyggen housing associations are a key customer segment. Nordic Propeye integrates with Riksbyggen's property management and economic systems.
• SBC (Sveriges Bostadsrättscentrum)coreChannel Partner/ Reseller/ DistributorSBC is a major property management company. Nordic Propeye integrates with SBC's systems for seamless billing.

Scale indicators10 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Elvaco: Swedish-headquartered company providing M-Bus and IoT metering hardware, gateways, and cloud services for sub-metering electricity, water, and heat in residential and commercial buildings. Directly comparable to Nordic Propeye on the IMD/metering-infrastructure layer and the same Swedish/Nordic customer base.
• Kiona: European provider of building energy management and optimization software combining IoT data with AI-driven optimization for commercial and multi-tenant real estate. Direct overlap with Nordic Propeye's PropSaver optimization and PropSense sensor-data layer for commercial properties.
• Myrspoven: Swedish AI company building optimization for commercial properties (delivered G City Europe's Atrium Flora project jointly with Nordic Propeye). Direct overlap with PropSaver/PropSense on the AI optimization layer for commercial real estate and an explicit commercial partner of Nordic Propeye.

Broad incumbents

• Kamstrup: Large Danish smart-metering and energy-measurement incumbent supplying heat, water, electricity, and smart-grid meters worldwide. Comparable to Nordic Propeye as a sub-metering and building-energy-data competitor, but with far greater scale, global reach, and a broader portfolio beyond IMD into utility AMI.
• Itron: Global smart-metering and smart-infrastructure incumbent serving utilities, cities, and properties. Comparable to Nordic Propeye in sub-metering and energy data services but with utility-scale deployments, deep R&D budgets, and a much broader product portfolio.
• Schneider Electric (EcoStruxure): Global energy management and automation major whose EcoStruxure platform covers building energy monitoring, optimization, and sustainability across commercial real estate. Overlaps with Nordic Propeye's PropSense commercial offering and PropSaver-style energy optimization, but at much larger enterprise scale.
• ABB: Global electrification and automation incumbent with smart-building, energy-management, and EV-charging portfolios. Comparable to Nordic Propeye across EV charging (Nordic Propeye even installs ABB/GARO replacement motor warmers), building electrification, and energy optimization.

Emerging players

• BrainBox AI: AI-driven building energy optimization platform focused on HVAC and operational efficiency in commercial real estate globally. Comparable to Nordic Propeye's PropSaver optimization logic but purely software/cloud, without Nordic Propeye's hardware or residential-BRF footprint.
• HMS Networks: Swedish-headquartered industrial IoT connectivity company whose Anybus and Intesis products connect building and industrial devices to cloud platforms. Adjacent to Nordic Propeye's LoRaWAN gateway + cloud platform stack, though HMS targets broader industrial connectivity rather than sub-metering.
• Sensative: Swedish IoT sensor company producing LoRaWAN-based environmental and occupancy sensors for buildings and real estate. Comparable to Nordic Propeye's OY-series sensor hardware line on the IoT-device layer for smart buildings, though Sensative does not run the full IMD/optimization stack.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/nordic-propeye

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Nordic Propeye