Kartuttamo Invest has invested in Apex Heat, a software company offering an innovative energy efficiency tool, to accelerate its growth and expand its market presence in Europe.

Information on the Target

Kartuttamo Invest has made a strategic investment in the software company Apex Heat, which specializes in energy assessments and project planning for energy efficiency. Its primary product, the Apex Heat App, empowers property owners and professionals by providing tools to evaluate the profitability and impact of energy-saving measures on buildings.

A significant challenge in the building sector is heating, which accounts for approximately one-third of global greenhouse gas emissions and energy costs. To meet Europe's stringent emission targets, it is estimated that nearly 100 million buildings will require energy renovations over the coming decades. By enhancing energy efficiency and transitioning heating systems to heat pump-based solutions, emissions can be reduced by up to 90%, and operating costs can lower by 70%. However, many property owners remain hesitant to invest due to the lack of readily accessible information regarding various alternatives and their potential impact.

Industry Overview in the Target’s Specific Country

The building industry in Finland, where Apex Heat operates, is currently facing substantial pressure to improve energy efficiency, particularly in existing structures.