AI-Based ESG Data Collection Startup ESG Flo Raises $5.25 Million
AI-powered data infrastructure platform ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. Flo announced today that it has secured $5.25 million in seed capital.
Launched in 2022 from within Bain & Company’s Founder’s Studio , ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. Flo helps industrial, manufacturing and infrastructure sector businesses to create robust, auditable ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. data infrastructure. The technology leverages AI automation and deep learning to gather data across the organization to create reporting that complies with the EU Corporate Sustainability Reporting Directive (CSRD) and US Securities and Exchange Commission non-financial disclosure requirements.
ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. Flo said that it will use the new capital 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.
Patrick Obeid, founder and CEO of ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. Flo said:
“We envision a business world where ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. conversations are as important as financial ones. We’re on a mission to equip businesses with precise ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. data for integrated reporting and responsible decision making. Our new investors bring deep expertise in AI which will allow us to scale and support more businesses to take real steps in their sustainability journey.”
The funding round was co-led by Rho Ignition and Tola Capital with participation from Bain & Company and Contour Venture Partners.
Habib Kairouz, Managing Partner at Rho Ignition said:
“Many solutions focus on the frontend presentation of ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. data, but what companies are struggling with most is ‘step zero’ of the process, which involves mapping, collecting and transforming data. This is exactly what ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. Flo accomplishes with a scalable product that uses backend technology, such as machine learning, to transform raw data into high-accuracy metrics ready for third-party verification in a matter of seconds, saving time for your sustainability team.”
Karolin Beck, Venture Partner at Tola Capital added:
“Amidst the evolving landscape of ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. regulations, including the forthcoming EU CSRD reporting and non-financial disclosure requirements in the US, there is an urgent demand for a robust data infrastructure that aligns with ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. regulatory mandates. Companies with strong ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. strategies gain a competitive advantage, and ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. Flo facilitates seamless integration of environmentalEnvironmental criteria consider how a company performs as a steward of nature., socialSocial criteria examine how it manages relationships with employees, suppliers, customers, and the communities where it operates., and governanceGovernance deals with a company’s leadership, executive pay, audits, internal controls, and shareholder rights. factors into decision-making. This promotes sustainable and responsible practices that benefit stakeholders, the planet and future generations.”
