Esgrid raises new funding to expand into supplier management

Tallinn-based ESG (Environmental, Social, and Governance) risk management startup Esgrid has raised new funding to expand into supplier management.

The funding was led by 2C Ventures which was supported by earlier backers Startup Wise Guys, Greenco Ventures, and Lemonade Stand.

Founded in 2023, Esgrid set out to simplify ESG risk management for medium-sized businesses. Their AI-driven SaaS platform streamlines the entire ESG process across supply chains—automating data collection, analysis, reporting, and stakeholder engagement—while cutting costs by as much as 90%.
The company has already attracted a strong customer base across Europe, including several publicly listed firms.

With fresh funding secured, Esgrid is now expanding into broader supplier management—starting with onboarding, evaluation, and engagement. As part of this growth, they’ve launched the first tool in their new platform: an AI-powered generator for supplier evaluation templates.
With the help of Esgrid’s AI assistant, Grid, users can create customized supplier evaluation templates in just 30 seconds.

COBALT advised Esgrid throughout the financing round. Our team included Partner Kristel Raidla-Talur, Managing Associate Grete Kuru, Senior Associate Marten Amjärv, Associate Elis Toim, and Junior Associate Paul Schifrin.