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Util closes seed round led by Eldridge

Util, a global sustainability data provider measuring the social and environmental impact of companies and investment portfolios, has closed a seed round led by Eldridge, with participation from Oxford Sciences Enterprises, Cris Conde (former CEO of Sungard Bank), Andy Brown (former CTO of UBS), and Roseann Palmieri (former Head of Enterprise Data Management at Bloomberg LP), among others.

Util’s machine-learning models measure patterns at scale and without bias, revealing the degree to which more than 50,000 companies of different sizes, sectors, and regions – and the capital tracking them – perform against the 17 goals outlined in the UN’s 2030 Agenda for Sustainable Development, as well as over 2,000 additional sustainability themes.
   
The investment round continues Util’s growth momentum in 2022, having named Roseann Palmieri and David Steyn, former CEO of Robeco and former COO of AllianceBernstein, to its Board of Directors. Util was also recently accepted into the London Mayor’s International Business Programme, which supports high-growth businesses expanding into international markets.

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