Grünfin, a sustainable investment platform, has reportedly raised €2m in equity to expand its product suite.
The capital injection was led by existing investors Norrsken VC, Specialist VC and Lemonade Stand, according to a report from AIN Capital. Participation also came from other unnamed angel investors. Sie Ventures and HoneyBadger VC also deployed funds.
The equity will enable the FinTech sustainable investment platform to grow its product suite with a new investment plan that helps employers keep their talent by offering sustainable financial independence to employees.
Based in Estonia, Grünfin allows individuals to build an investment portfolio of sustainable companies. The user selects their sustainability focus (climate change, gender equality and health) and their monthly contribution. The platform will then curate a portfolio.
The sustainable investment platform was founded by Karin Nemec, Triin Hertmann and Alvar Lumberg. As parents, Nemec and Hertmann were concerned about the future of the planet and wanted to help change its course.
Speaking on the funding round, Grünfin co-founder Triin Hertmann said, “Financial independence and sustainability are important keywords for the new generation. Grünfin’s new product is designed for innovative and forward-thinking companies wanting to meet this demand.”
Grünfin previously raised €2m in funding in 2021. It raised the capital to support its launch, with capital coming from Norrsken VC and Superangel.
In other ESG news, The Payments Association launched its Project ESG. This new initiative will encourage companies in the payments industry to adopt progressive strategies for how they impact the environment, our society and their governance in a sustainable way.
Last week, Australian WealthTech app Bloom secured $525,000 in its seed round. The startup offers a mobile app that allows users to invest into a selection of climate-focused businesses, including solar and wind farms and energy storage. It also offers access to unlisted alternatives, such as green bonds.
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