Greenfi raises $2 Mn led by Transition VC

Kerala-based AI startup Greenfi has raised $2 million in its first funding round led by Transition VC. 

The proceeds will be used to expand globally, enhance product capabilities, and grow its sales and marketing teams.

Founded in 2023 by Barun Chandran, Greenfi provides an AI-powered environmental, social, and governance (ESG) risk management platform that automates due diligence and compliance for enterprises. The platform enables organizations to assess sustainability performance, manage ESG risks, and receive real-time, role-based recommendations without relying on large consulting teams.

Greenfi’s product allows financial institutions and corporates to streamline ESG due diligence that would otherwise take weeks of manual work. For example, in investment projects such as a $100 million solar plant, the platform automates data collection and analysis, providing actionable insights instantly.

The firm currently has clients across Singapore, Japan, and the UK, and serves industries including fashion, agriculture, retail, banking, and manufacturing. It operates with a team of 16 employees, having reduced headcount after deploying AI systems that now manage over 60% of operations. 

The brand positions itself as a technology-first alternative to traditional consulting firms such as McKinsey, KPMG, and PwC.