Kerala-based AI startup GreenFi has raised USD 2 million in its first funding round, led by Transition VC. The investment marks a significant milestone in GreenFi’s mission to revolutionize sustainability management through artificial intelligence.
GreenFi plans to utilize the fresh capital to expand its global distribution network, enhance its AI-powered product portfolio, and strengthen its presence across key international markets, including California, Europe, Southeast Asia, and the Middle East.
Founded in 2023 by Barun Chandran, GreenFi offers an AI-driven ESG (Environmental, Social, and Governance) risk management platform designed to help enterprises and financial institutions automate sustainability compliance, reporting, and risk assessment.
Its proprietary AI agents and sustainability intelligence engine empower organizations to track ESG performance in real time, significantly improving data accuracy while reducing manual workloads.
The company has already built partnerships with leading financial institutions and corporates across Singapore, India, Europe, and the United States.
Notably, its collaboration with United Overseas Bank (UOB) in Singapore has automated emissions reporting, delivering substantial cost savings.
Additionally, a major international bank uses GreenFi’s platform to digitize environmental risk assessments and ESG reporting for over 50,000 commercial clients spanning 19 countries. The startup has also assisted the Kerala Infrastructure Investment Fund Board (KIIFB) with green bond reporting and collaborated with renewable energy firms such as Wattsun Energy to improve sustainability tracking.
Operating with a 16-member team, the startup runs efficiently through AI systems that now manage over 60% of its operations. The company positions itself as a technology-first alternative to traditional consulting giants like McKinsey, KPMG, and PwC, offering smarter, data-driven sustainability solutions.
