GreenFi, a platform focused on ESG risk management, has raised $2 million (around INR 17.7 crore) in a seed funding round led by Transition VC, along with participation from undisclosed angel investors.
The company plans to use the new funds to expand its global network, enhance its technology products, and grow its presence in regions such as California, Europe, Southeast Asia, and the Middle East.
“We’re actively on the lookout for good talent, and fundraising comes with a lot of excitement (and) responsibilities,” founder and CEO Barun Chandran said.
“As ESG risks increasingly influence underwriting and financial performance, GreenFi stands out for building an end-to-end, AI-driven platform that helps financial institutions monitor, assess, and underwrite their customers more intelligently,” said Mohammed Shoeb Ali, managing partner and cofounder, Transition VC.
GreenFi was founded in 2023 by Barun Chandran and is based in Singapore. The company focuses on helping businesses manage sustainability and compliance needs.
It offers a technology-driven SaaS platform that helps financial institutions and companies identify, track, and manage environmental, social, and governance (ESG) risks and opportunities.
GreenFi’s platform collects ESG data from multiple sources, including annual reports, company disclosures, alternative datasets, and media coverage, and organizes it all into a single, easy-to-use dashboard.
Using its no-code smart tools powered by deep learning and language processing, GreenFi allows clients to conduct ESG due diligence, evaluate supply chain partners, and gain useful insights to make better business decisions.
The startup currently works with clients across Singapore, India, Europe, and the US. Its key customers include United Overseas Bank (UOB), Kerala Infrastructure Investment Fund Board (KIIFB), and Wattsun Energy.
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