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ConsciESG
Techstars '24Paris, FR · 5 employees on LinkedIn · 2 known investors
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Conscio ESG provides portfolio optimization and assessment tools for investors to align investment portfolios with environmental transition targets while monitoring financial performance. The platform uses AI and machine learning to deliver transparency on impact and financial metrics for portfolio management.
Also known as ConsciESG DOO · Conscio ESG
Investors · 2
How we know: the Techstars portfolio · open dataset · Top 3000 Accelerator Startups (no YC) 2026-08 · Not right? Tell us
Also in the syndicate · 1
Company profile
researched Sep 2026ConsciESG is an ESG financial-technology company that builds impact scoring, analytics and reporting tools for institutional investors, hedge funds and asset managers. Its scoring framework, marketed under names including Nova, Ante and Egressus scores, rates companies on the progress they demonstrate on material ESG themes rather than on static ESG ratings, with the stated aim of letting investors distinguish measurable impact from greenwashing and of maintaining consistency in the themes covered from period to period.
The platform provides downloadable reports on the transition and financial performance of investment portfolios, a breakdown of change components, raw performance data, due-diligence inputs and the financial materiality coefficients underlying each score, plus a portfolio optimisation tool described as AI- and machine-learning-powered. Public ESG report pages display environment, social and governance scores for large listed issuers such as HSBC, CVS Health, Pfizer, Microsoft, Oracle, IBM, AT&T, Verizon, T-Mobile, Vodafone, Deutsche Telekom, Wizz Air, AstraZeneca and GlaxoSmithKline, with rankings by industry group and against a global universe of 120 companies. The company has also described a pipeline including an AI-powered database intended to reduce ESG data gaps across company supply chains over time.
The founders frame the product around use cases such as meeting SFDR Article 8 and 9 fund requirements, decarbonisation analysis and portfolio-level transparency for limited partners, and link the methodology to SDGs covering clean energy, water and waste, diversity and inclusion, decent work, accountable institutions and partnerships.
Founding story
ConsciESG was founded by Briseida Gjoza (CEO) and Adeliada Mehmetaj (described variously as CSO/CFO and co-founder), who met in high school in Albania and later studied at the American University in Bulgaria. After roughly a decade each working abroad, they reunited in Albania and initially set out to address regional brain drain in Albania and the Western Balkans through better corporate sustainability practices, concluding that the underlying gap was global and most acute in asset management. Shpat Ferizi, a fellow American University in Bulgaria alumnus with an MBA from the University of New Haven and more than ten years as a software developer, joined as CTO to build the platform.
Business model
ConsciESG sells access to an ESG scoring, reporting and portfolio-analytics platform to institutional investment firms, with prospective customers routed through a demo-booking process and a login-gated product. It supplements the platform with published research, use cases and public ESG report pages.
Traction
The company reported a global data partnership with Morningstar and FactSet obtained through the Fintech Sandbox data residency program, a technology partnership with Google for Startups, five ongoing proofs of concept with leading regional institutions, and awards including a WMF award, a UNDP Boost award for women innovators from Europe and Central Asia, and an Uplift Western Balkans award. It also published a claim that its top-ten portfolio returns outperformed the Dow Jones and the S&P, and its public reports page covers a global universe of 120 companies.
Latest developments
In November 2024 Techstars published a startup profile of ConsciESG as part of its Sustainability Paris cohort, in which the founders described the platform's positioning for hedge funds and asset managers. Earlier in 2024 the company announced selection by UN Women and EBAN for the EBAN Congress, participation in the DUIF final pitching event in Philadelphia and the Asian Financial Forum in Hong Kong, and a strategic investment from Fil Rouge Capital.
▸Full profile — market position, technology, go-to-market, geography, history, risks & controversies
Market position
ConsciESG positions itself against incumbent ESG rating and tooling providers, arguing that existing scores lack consistency over time and fail to preserve fund managers' alpha, and claims to offer ESG scores positively correlated with future stock returns. It describes itself as the first ESG solution originating in the Western Balkans and plans to cover regional stock exchanges with ESG data and analytics.
The methodology scores companies on demonstrated progress on material ESG themes rather than static levels, maintains consistency of themes covered across reporting periods, and is presented as correlating positively with future stock returns so that ESG integration does not require altering alpha-generating investment models.
Technology
The platform is built around a proprietary progress-based ESG scoring methodology that weights company advancement on material ESG themes against 2030 sustainability targets, exposing change components, raw performance data and financial materiality coefficients behind each score. It includes AI and machine learning driven portfolio optimisation, and the company has described development of an AI-powered database aimed at filling ESG data gaps across supply chains.
Go-to-market
Customer acquisition runs through direct demo requests on the company website, published research and use-case content, accelerator and industry programmes (Techstars Sustainability Paris, Fintech Sandbox), conference participation and pitching events, and proofs of concept with regional institutions.
Institutional investors, asset managers, hedge funds, private equity firms and ESG fund managers subject to disclosure rules such as SFDR Article 8 and 9.
Geography
Listed offices include Newark, Delaware in the United States; Tirana, Albania; and ConsciESG DOO in Zagreb, Croatia. Fintech Sandbox lists the headquarters region as Europe. The company explored Paris as a potential EU headquarters through the Techstars Sustainability Paris programme, and targets clients in the US and EU while planning coverage of Western Balkan stock exchanges.
History
The company published case-study and research content from early 2023 onward, covering positive impact assessments, sectoral bias in ESG ratings and decarbonisation analysis. In late 2023 it announced a partnership with the Hyperloop TT innovation platform and reported that its top-ten portfolio returns outperformed the Dow Jones and S&P. In January 2024 it announced a strategic investment from Fil Rouge Capital. During 2024 it appeared at the Asian Financial Forum in Hong Kong, the DUIF final pitching event in Philadelphia and was selected by UN Women and EBAN for the EBAN Congress. In November 2024 it was profiled as a participant in the Techstars Sustainability Paris accelerator, which it joined partly to evaluate Paris as its EU headquarters.
Risks & controversies
Performance and correlation claims, including the assertion that its scores are positively correlated with future stock returns and that its top-ten portfolio outperformed the Dow Jones and S&P, are self-published and not independently verified in the available material. The company also operates in a market where investors have been withdrawing capital from ESG funds, with the founders citing over $15 billion of outflows between Q4 2023 and Q1 2024.
Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 10
launches, deals, and filingsTechstars published a startup spotlight on ConsciESG as part of its Sustainability Paris program; the founders cited Paris as a potential EU headquarters.
Company announcement of a strategic investment from Fil Rouge Capital to improve ESG tools for global asset managers.
Company states it secured a global data partnership with Morningstar and FactSet through selection into the Fintech Sandbox data residency program in Massachusetts.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
▸Research sources · 8
primary sources listed
- ConsciESGconsciesg.com · web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does ConsciESG do?
- ESG fintech offering progress-based impact scores and portfolio analytics that help asset managers align returns with transition targets.
- Who are ConsciESG's investors?
- ConsciESG's investors include Techstars.
- Where is ConsciESG headquartered?
- ConsciESG is headquartered in Paris, FR.