What is Util?
Founded in 2017, Util operates at the intersection of fintech and sustainability. The company has developed a sophisticated analytics engine that maps the real-world impact of companies across every sector and region. Unlike traditional ESG rating agencies that rely on self-reported data, Util utilizes proprietary machine learning to synthesize vast datasets, offering a universal and objective view of how corporate activities influence global sustainability targets. This capability has positioned the firm as an essential partner for asset managers, pension funds, and private equity firms seeking to mitigate risk and identify long-term value in an increasingly regulated landscape.
How much funding has Util raised?
Util has raised a total of $6M across 1 funding round:
Angel/Seed
$6M
Angel/Seed (2022): $6M with participation from Chicago Board Option Exchange, Eldridge Industries, Oxford Sciences Enterprises, and Bourse de Luxembourg
Key Investors in Util
Chicago Board Option Exchange
A prominent entity operating within the government and financial infrastructure sector, providing critical market oversight and operational support.
Eldridge Industries
A global holding company managing a diverse portfolio across finance, technology, and infrastructure, known for its strategic long-term capital deployment.
Oxford Sciences Enterprises
An independent investment firm that partners with the University of Oxford to commercialize and scale transformational research-based businesses.
What's next for Util?
With this major strategic investment, Util is poised to scale its operations and deepen its technological moat. The company is expected to focus on expanding its coverage of global markets and enhancing the predictive capabilities of its analytics platform. As regulatory frameworks like the EU's Sustainable Finance Disclosure Regulation (SFDR) continue to evolve, Util's ability to provide verifiable, impact-oriented data will likely become a cornerstone of institutional investment strategies. The firm's growth trajectory suggests a transition from a specialized data provider to a foundational layer of the global financial ecosystem, enabling a more precise and transparent approach to sustainable finance.
See full Util company page
