3 years ago

Util Secures $6 Million Seed Funding for Sustainability Data Platform

  • Util, a UK-based sustainability data platform provider, has raised $6 million in seed funding led by Eldridge, with participation from the Luxembourg Stock Exchange, Chicago Board Options Exchange, and Oxford Science Enterprises

  • The company plans to use the funds to expand its global footprint and accelerate hiring

  • Util provides sustainability intelligence to financial institutions, enabling them to understand and optimize their real-world impact through its data analytics platform that tracks the performance of 50,000 listed companies against sustainability metrics.

      • ProblemTechnology

      "Investors find it difficult to understand the real-world impact of their investments on sustainability."

      Solution

      "Util provides a data platform that captures the performance of listed companies relative to sustainability goals, allowing investors to understand and optimize their impact."

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