Tallinn-based Esgrid has raised a total of €900,000 in pre-seed funding to expand its offering from ESG risk management into broader supplier management for small and medium-sized businesses. The latest round was led by new investor 2C Ventures, with participation from existing backers Startup Wise Guys, Greenco Ventures, and Lemonade Stand. Esgrid initially developed an AI-powered platform to streamline ESG data collection and reporting in supply chains. With the new funding, the company is extending its platform to cover supplier onboarding, evaluation, and engagement workflows. The first feature of this expansion—a tool for generating supplier evaluation templates using AI—has already been launched. The investment will support continued product development with a focus on automating supplier-related processes.
Founded in 2023, Esgrid began by solving the complexity of supplier ESG risk management in medium-sized businesses. Their AI-powered SaaS platform automates supply chain ESG data collection, analytics, reporting and engagement, while reducing costs by up to 90%. Esgrid has already secured dozens of flagship customers in Europe, including multiple publicly listed companies. Last year, the startup won a pitching competition at sTARTUp Day and received the Baltic Sustainability Award for best process.
The company has now raised additional funding to support expansion into the supplier management space, starting with supplier onboarding, evaluation and engagement. The company has just launched the first feature of their supplier management platform – an AI-based supplier evaluation template generator. Users can create a custom supplier evaluation template with the help of Esgrid’s AI agent Grid in just 30 seconds.
Oksana Tolmatshova, Esgrid’s co-founder and CEO, commented on the product expansion:
“Working with our first customers, we quickly proved that we can cut costs by replacing manual supplier processes with digital workflows. While we started with supply chain sustainability management, it was clear there’s strong demand for a broader solution, covering supplier evaluation, document management, and communication. That’s why we’re expanding into wider supplier management. Our AI-first product adapts to each company’s size and needs, delivering the right solution at the right cost.”
Hendrik Reimand, the Founding Partner at 2C Ventures, explained why they decided to back Esgrid:
“In an era of growing geopolitical uncertainty, supply chain resilience has never been more critical. Esgrid has built an impressive platform for supply chain ESG risk management, and we’re confident in their ability to expand beyond ESG into broader supply chain risk areas. We are excited to support this strong team as they take the next step in their journey.”
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Read the orginal article: https://arcticstartup.com/esgrid-raises-e900k-pre-seed/
