Startup Wise Guys invests in the pre-seed €500k funding round of Estonian startup Esgrid

29 May 2024
PHOTO. Esgrid team

Tallinn-based startup Esgrid has secured €500,000 Pre-Seed funding to build accessible value chain sustainability management tools, noting enterprise and financial sector clients among its customer base. Investors in the round were Lemonade Stand, EstBAN, Startup Wise Guys and Little Green Fund with notable participation from key former employees 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. Esgrid launched publicly in December and won a €150,000 syndicate investment award from EstBAN at sTARTUp Day in January 2024.

The company has developed a platform that helps businesses assess, manage, and improve their value chain sustainability impact, ensuring compliance with ESG standards.

Last week Esgrid launched a free tool for SMEs – the ESG self-assessment. It helps any company, regardless of size, easily prepare for ESG data requests from business partners and get a clear snapshot of their current sustainability progress.

Users receive:
• An ESG health report on their progress
• One-click data sharing with partners on the Esgrid platform
• Professional support and guidance at every step of the assessment

CEO and co-founder Oksana Tolmatšova detailed that Esgrid’s AI-driven platform makes it stand out from its competitors noting: “We are probably one of the first who are trying to utilise AI in sustainability fields. We offer full AI-supported assistance for value chain companies. We are also preparing to launch our first enterprise AI assistant for enterprise customers that helps get actionable information from collected ESG data.”
  • Read more about the investment round on TechEU

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