What is Util?
Founded in 2017, Util operates at the intersection of artificial intelligence and sustainable finance. The company provides a sophisticated analytics platform that measures the real-world impact of global enterprises across every sector and region. Unlike traditional ESG rating methodologies that often rely on self-reported data, Util utilizes machine learning to map corporate activities against thousands of sustainability concepts and the UN Sustainable Development Goals. This universal approach allows asset managers and institutional investors to gain a granular understanding of portfolio alignment, effectively mitigating greenwashing risks while identifying long-term value drivers in a rapidly evolving regulatory environment.
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 Oxford Sciences Enterprises, Bourse de Luxembourg, Chicago Board Option Exchange, and Eldridge Industries
Key Investors in Util
Oxford Sciences Enterprises
An independent investment firm that partners with the University of Oxford to fund and build transformational businesses based on world-class research.
Eldridge Industries
A diversified holding company managing substantial capital across asset management, insurance, and strategic investment platforms.
Chicago Board Option Exchange
A prominent financial services organization operating within the government and exchange sector, providing critical market infrastructure.
What's next for Util?
With this major enterprise-level funding, Util is well-positioned to scale its technological infrastructure and expand its global footprint. The company is expected to focus on deepening its data coverage and refining its proprietary algorithms to provide even greater precision in impact measurement. As the firm transitions from its early-stage development phase into a period of rapid scaling, the focus will likely shift toward integrating its analytics deeper into the workflows of global financial institutions. By enhancing its product suite, Util aims to solidify its role as an essential partner for investors navigating the complexities of the global transition to a sustainable economy.
See full Util company page
