Esgrid Secures EUR 400,000 Investment Round Led by 2C Ventures
Deal News | Apr 30, 2025 | CEE Legal Matters
TGS Baltic has successfully advised 2C Ventures on leading a EUR 400,000 investment round in Esgrid, an AI-powered ESG risk management platform designed to enhance supplier workflows. This investment round also saw participation from Lemonade Stand, Startup Wise Guys, and Greenco Ventures. The funding will enable Esgrid to accelerate its product development and expand platform capabilities. Previously, in 2024, Esgrid received pre-seed funding advice from Cobalt. The TGS Baltic legal team involved in this transaction included Partner Kadri Kallas, Counsels Mari Anne Rohtla, Mirko Kikkamagi, and Silvia Urgas, along with Associate Joonas Kartsep. TGS Baltic did not offer feedback upon enquiry.
Sectors
- Cleantech
- Technology
- Legal Services
Geography
- Northern Europe – 2C Ventures is a Northern Europe-focused cleantech fund, indicating that its investment activities are concentrated in this geographical region.
- Europe – The presence of Cobalt, a European advisory firm, and the context involving European participants denote the broader geographical setting as Europe.
Industry
- Cleantech – 2C Ventures is focused on cleantech investments, which aim at sustainable solutions and technologies to address environmental challenges.
- Technology – Esgrid operates as an AI-powered ESG risk management platform, indicating involvement in the technology sector, particularly in software and AI development.
- Legal Services – The transaction involved legal advisories, namely TGS Baltic and Cobalt, highlighting the role of legal services in investment deals.
Financials
- EUR 400,000 – Investment amount raised by Esgrid in the current round led by 2C Ventures.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Esgrid | Target | Company | Esgrid is an AI-powered ESG risk management platform focused on supplier workflows. |
| 2C Ventures | Bidding Company | Company | A Northern Europe-focused cleantech fund leading the investment round. |
| Lemonade Stand | Other Company | Company | Participant in the investment round. |
| Startup Wise Guys | Other Company | Company | Participant in the investment round. |
| Greenco Ventures | Other Company | Company | Participant in the investment round. |
| TGS Baltic | Legal Advisor | Company | Provided legal advisory for 2C Ventures in the investment round. |
| Cobalt | Legal Advisor | Company | Advised Esgrid on its pre-seed funding in 2024. |