Team StartupCity

• Greenfi secures $2 million in funding led by Transition VC
• Funds to support global expansion and product enhancement
• Startup offers AI-driven ESG risk management for enterprises

Kerala-based AI startup Greenfi has raised $2 million in its first funding round led by Transition VC. The company plans to use the fresh capital to expand globally, enhance product capabilities, and scale its sales and marketing operations.

Founded in 2023 by Barun Chandran, Greenfi offers an AI-powered ESG (Environmental, Social, and Governance) risk management platform that automates due diligence and compliance for enterprises. Its platform helps organizations assess sustainability performance, manage ESG risks, and receive real-time insights and recommendations, without the need for large consulting teams.

Greenfi’s technology simplifies ESG due diligence that typically takes weeks of manual work. For instance, in large-scale investment projects like a $100 million solar plant, the platform automates data gathering and analysis, instantly generating actionable insights.

The startup currently serves clients across Singapore, Japan, and the UK, working with sectors such as fashion, agriculture, retail, banking, and manufacturing. Operating with a lean team of 16 employees, Greenfi has integrated AI systems that now handle over 60% of its operations, improving efficiency and scalability.

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Positioning itself as a tech-first alternative to traditional consulting giants like McKinsey, KPMG, and PwC, Greenfi aims to redefine how companies approach sustainability and compliance. The funding marks a crucial step in expanding its footprint in global markets focused on green transformation and responsible growth.