ESG Flo, a New York- and Houston, TX-based provider of an AI-powered data infrastructure platform, raised $5.25M in Seed funding.
The round was led by Rho Ignition and Tola Capital with participation from Bain & Company and Contour Venture Partners. Habib Kairouz, Managing Partner at Rho Ignition, Karolin Beck, Venture Partner at Tola Capital, and Patrick Quinlan, a proven entrepreneur with an expertise in ethics and compliance, joined the company’s board alongside Ron Kermisch of Bain & Company.
The company intends to use the funds to expand its solution to offer a CSRD and SEC readiness solution, hire engineers for product development to advance its AI engine, and scale its growth and marketing team to support more customers.
Led by CEO and founder Patrick Obeid, ESG Flo is an AI-powered data infrastructure platform that provides customers in the industrial, manufacturing and infrastructure sectors with an ESG data infrastructure to manage their reporting and decision making needs. The technology leverages AI automation and deep learning to gather data spread across the organization to create reporting that complies with the EU CSRD and US SEC non-financial disclosure requirements.
FinSMEs
31/10/2023