ESG Flo, a Houston, TX-based AI-powered data infrastructure platform, has raised $5.25 million in seed funding.
The round was co-led by Rho Ignition and Tola Capital, with participation from Bain & Company and Contour Venture Partners.
Rho Ignition, a division of Rho Capital Partners ("Rho"), focuses on early-stage investments in disruptive and innovative technology markets, with a current focus on SaaS, AI, Healthtech, FinTech, and Robotics. Rho, founded in 1981, has invested over $2 billion in more than 300 companies across multiple waves of technology innovation.
Tola Capital is a venture capital firm that believes in the power of software, data, and AI to transform the way the world works. Founded in 2010, the firm backs entrepreneurs who have enterprise technology experience and are building disruptive, industry-transforming solutions with diverse teams. Tola Capital has successfully exited numerous startups and continues to evolve as it supports founders in the era of AI.
ESG Flo Use of Funds
The company plans to expand its offering to support customers in the industrial, manufacturing, and infrastructure sectors.
About ESG Flo
Founded in 2022 by Patrick Obeid, within Bain & Company' Founder's Studio, and based in New York, ESG Flo is an AI-powered data infrastructure platform that provides customers in the industrial, manufacturing, and infrastructure sectors with a solid ESG data infrastructure to manage their reporting and decision-making needs. ESG Flo leverages AI automation and deep learning to gather data spread across organizations and create reporting that complies with the EU CSRD and US SEC non-financial disclosure requirements.
Company: ESG Flo
Round: Seed Round
Funding Month: October 2023
Lead Investors: Rho Ignition and Tola Capital
Additional Investors: Bain & Company and Contour Venture Partners
Company Website: https://www.esgflo.com/
Software Category: AI-powered Data Infrastructure Platform