Esgrid Secures €500,000 in Pre-Seed Round
Esgrid, a Talinn, Estonia-based startup that provides value chain sustainability management solutions, secured €500,000 in pre-seed funding.
The funding was from various investors, including Lemonade Stand, EstBAN, Startup Wise Guys, and Little Green Fund with notable participation from key former employees of Wise, including Alvar Lumberg, Kairi Pauskar, and the founders of Klaus, Kair Käsper, and Martin Kõiva.
Founded in 2023, Esgrid provides value-chain sustainability management solutions for medium-sized enterprises and financial institutions. They leverage AI to help businesses assess and improve their sustainability impact, ensuring compliance with ESG standards. To date, Esgrid has signed enterprise customers such as Ibis Hotel, Nordic Milk, and Utilitas and financial sector companies like Specialist VC and Fjord Bank.
Funding Details
Company: Esgrid Technologies OÜ
Raised: €500K
Round: Pre-Seed Round
Funding Month: May 2024
Investors: Lemonade Stand, EstBAN, Startup Wise Guys, Little Green Fund, Alvar Lumberg, Kairi Pauskar, Kair Käsper, Martin Kõiva
Company Website: https://esgrid.com/
Software Category: Value Chain Sustainability Management