Esgrid funding news – Tallinn-based Esgrid Secures New Funding

The round was led by new investor 2C Ventures, with support from existing backers Startup Wise Guys, Greenco Ventures, and Lemonade Stand.

Founded in 2023, Esgrid’s AI-powered platform helps medium-sized companies collect, analyze, and report ESG data from their supply chains—cutting costs by up to 90%.

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The company already works with several leading European businesses, including listed firms. With this new funding, Esgrid will expand into supplier management, starting with onboarding, evaluation, and engagement. Its first new feature is an AI tool that creates supplier evaluation templates.

Oksana Tolmatšova, Esgrid’s co-founder and CEO: "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.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.”

About Esgrid

Esgrid helps companies manage ESG impact across their supply chain at 10 times lower cost and with twice the completion rate compared to the industry average. By using Esgrid’s regulation-compliant tools to collect and analyze ESG data, businesses can save over 200 working hours and tens of thousands of euros each year.