AI risk management platform GreenFi raises $2 million in round led by Transition VC
Well, it seems the ESG industry has finally found its venture capital darling—a startup that's managed to convince investors that automating compliance theater is worth $2 million. GreenFi's AI-powered approach to ESG risk management is less about saving the planet and more about saving corporations from the paperwork nightmare of proving they care about the planet. It's a bold move in a landscape where ESG has become simultaneously the most coveted and most derided investment thesis.
GreenFi, founded in 2023 by Barun Chandran, is a SaaS-based AI platform that aggregates Environmental, Social, and Governance data from multiple sources—disclosures, sectoral databases, and public records—to help financial institutions and corporations identify, monitor, and manage ESG risks and compliance obligations. The Singapore-headquartered startup's seed round, led by Transition VC with participation from undisclosed angel investors, will fuel expansion across California, Europe, Southeast Asia, and the Middle East, while enhancing its AI capabilities. The platform already serves clients including United Overseas Bank (UOB), Kerala Infrastructure Investment Fund Board (KIIFB), and Wattsun Energy, leveraging no-code AI tools that combine deep learning, natural language processing, and entity analysis to streamline ESG due diligence and supply chain evaluation.
