Greenfi, an AI business based in Kerala, raised $2 million in its first investment round, which was headed by Transition VC. The money raised will be used to develop its sales and marketing staff, expand internationally, and improve product capabilities.
Key Highlights
- Greenfi raised $2 million in a funding round led by Transition VC to accelerate sustainable technology solutions.
- The funds will help Greenfi expand its climate-tech platform, promoting clean energy adoption and green financing innovation.
Greenfi, an AI-powered environmental, social, and governance (ESG) risk management platform that automates due diligence and compliance for businesses, was founded in 2023 by Barun Chandran. Without depending on sizable consulting teams, the platform helps firms manage ESG risks, evaluate sustainability performance, and get role-based, real-time advice.
Greenfi's software enables financial institutions and corporations to automate ESG due diligence tasks that would otherwise require weeks of manual effort. For example, in investment projects like a $100 million solar facility, the platform automates data collecting and analysis, delivering actionable insights quickly.
The firm presently has clients in Singapore, Japan, and the United Kingdom, and it services industries such as fashion, agricultural, retail, banking, and manufacturing. It employs a staff of 16 people, having cut manpower after introducing AI technologies that currently oversee over 60% of operations.
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The brand presents itself as a technologically advanced alternative to classic consulting firms like McKinsey, KPMG, and PwC.
