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April 2022 Util closes seed round

Util closed a multi-million dollar seed round led by Eldridge, with participation from Oxford Sciences Enterprises, Cris Conde (former CEO, Sungard Bank), Andy Brown (former CTO, UBS), and Roseann Palmieri (former Head of Enterprise Data Management, Bloomberg LP).

About us

Our vision is a world in which all capital allocation is driven by social, environmental, and financial value.

In the 18 months since launch, Util has reimagined how impact investing can be done. We know asset management: Our approach is rooted in the context of the industry’s broader existential challenges.

It’s an approach that resonates with a growing roster of clients, including Danske Bank, a.s.r., and Degroof Petercam Asset Management, and which has gained traction on the back of mounting concerns about rudimentary scores, unreliable conclusions, and patchy coverage. 

This has been reflected in media coverage of Util’s analytics, with our take on sustainable investing—for which we see financial-quality data as key—featuring in the FT, the FT's Moral Money newsletter, Bloomberg, i Magazine, Investment Week, Responsible Investor, Impact Alpha, Environmental Finance, and a host of other titles. Our CEO, Patrick Wood Uribe, is a regular commentator at industry events.

Within nine months of launching, Util made the shortlist for Investment Week's Sustainable & ESG Investment Awards 2021, nominated for 'Best Sustainable & ESG Research & Ratings Provider'.

As a business rooted in tech, Util has been selected for a suite of world-leading accelerators, including the New York FinTech Innovation Lab, the London Mayor's International Business Programme, and the Mass Challenge 2022 FinTech program, latterly working with Columbia Threadneedle.

Press release