# Grünfin AS

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/grunfin

- Industry: Financial Services
- Headquarters: Tallinn, Estonia
- Website: www.grunfin.com
- Total disclosed funding: $2.3M
- Latest round: Seed (Oct 14, 2021)
- Investors on record: 4

## About

Based in Estonia, Grünfin AS specializes in providing sustainable financial solutions designed for environmentally-conscious consumers, aiming to align investment strategies with ecological values.Founded in 2020 and headquartered in Tallinn, Estonia, Grünfin AS focuses on sustainable investment solutions. The company has engaged in 3 deals to date, with its latest funding round, totaling EUR 2.00 mn, completed with investors including Lemonade Stand and Norrsken VC. The CEO is Karin Nemec, one of the founders along with Alvar Lumberg and Triin Hertmann.Grünfin primarily focuses on delivering sustainable financial solutions tailored to environmentally-conscious consumers. Their core offerings include eco-friendly investment options, allowing clients to align financial goals with values centered around renewable energy, sustainable agriculture, and socially responsible enterprises. Their clientele consists of individual investors, environmentally-focused institutions, and organizations enhancing sustainability through financial investments, targeting markets across Europe and North America.In 2023, Grünfin reported a revenue of EUR 26,751.4 and an EBITDA of EUR -859,276.4. The company generates revenue through a subscription-based model, providing access to personalized investment portfolios and advisory services, and engaging directly with customers to promote sustainable investment practices.In November 2024, Grünfin AS announced the discontinuation of its operations. This decision indicates a significant shift away from its previous business strategy and marks the end of its endeavors in the sustainable investment sector.

## Funding rounds

- Seed, Oct 14, 2021, $2.3M — Norrsken VC, Superangel, Specialist VC, Lemonade Stand

## Investors

- Norrsken VC (https://capitalatlas.ai/funds/norrsken-vc) — Seed
- Superangel (https://capitalatlas.ai/funds/superangel) — Seed
- Specialist VC (https://capitalatlas.ai/funds/specialist-vc) — Seed
- Lemonade Stand (https://capitalatlas.ai/funds/lemonade-stand) — Seed