Tallinn-based Esgrid, an ESG risk management platform, has raised €900k in pre-Seed funding to build the future of supplier management for SMEs and accelerate product development to cover a broader range of supplier workflows, with a strong focus on AI-supported automation.
The round was led by new investor 2C Ventures and supported by earlier backers Startup Wise Guys, Greenco Ventures, and Lemonade Stand.
Oksana Tolmatšova, 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.”
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 reportedly reducing costs by up to 90%.
Esgrid has already secured dozens of flagship customers in Europe, including multiple publicly listed companies.
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“.
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.”
