Not another ESG reporting tool, Fortifai goes beyond the once-a-year digital checklist. “We are excited to bring the sector past annual ESG reporting and develop a mass-market solution that enables continuous sustainability and compliance management,” explains Abbey Lin, CEO and founder. With less than a year since its foundation, the startup is already making waves in the market, working closely with global multinationals like Telenor, and piloting with innovative global corporates like Aker Solutions, PGS, Hydro Rein and Xeneta.
The investment will boost Fortifai's platform development, expand its market presence, and enhance ESG compliance solutions for companies worldwide. Sagar Chandna, Sr. Partner at RunwayFBU, commented on their investment: "Fortifai's unique approach to ESG compliance is exactly what the market needs right now. Their ability to simplify and automate complex regulatory requirements while delivering substantial cost and time savings is unparalleled. We are excited to support Fortifai in their mission to make ESG compliance accessible and efficient for companies of all sizes."
Gisle Østereng, Head of Investments at Startuplab, added: “We are very proud supporters of team Fortifai which undoubtedly has a lot of domain knowledge, customer traction and high ambitions. Startuplab is looking very much forward to supporting the team in the years to come, and we believe Fortifai will be a very impactful company.”
Yonca Braeckman, CEO at Impact Shakers stated: “As a European impact investor, we are super excited about the potential of Fortifai to empower companies around the world to become ESG changemakers. We believe this innovation is a crucial step towards building a sustainable future where every business can effectively contribute to societal, environmental and governance goals.”
"We're delighted to have such strong and diverse international backing. We see an opportunity to disrupt the market and our goal is to simplify and accelerate ESG implementation in companies of all sizes, allowing management and boards daily insights into their ESG activities. This turns sustainability and compliance into strategic drivers rather than just an annual reporting routine." says Abbey Lin.
Abbey Lin brings 20 years background in creating and driving global sustainability and compliance, including roles at Microsoft, KPMG, and Yara International. She has implemented sustainability and compliance programs in two global stock listed companies from the ground up. Originally from Silicon Valley, she has been living in Norway for over 15 years. She also co-founded Oslo.AI in 2019 and is the co-host with En Abdulahu for the popular global podcast “ESG in Practice”
Next Steps
"With the new funding, our team aims to accelerate our product development, further support our existing pilot customers, and onboard new customers that lack full-time in-house sustainability resources, ensuring they achieve efficient ESG compliance. We also are integrating AI into our platform to make our ESG compliance capabilities even more impactful, " Abbey Lin added
About Fortifai
Fortifai is a pioneering startup dedicated to simplifying and fast-tracking ESG regulatory compliance. By providing a simplified, efficient, and cost-effective platform, Fortifai helps companies maximize their ESG impact while minimizing the time and resources needed for compliance. Read more
