LONDON – Climate technology start-up Altruistiq has secured £15 million (US$18m) in seed funding, which it’ll use to scale its services, refine its technology and reach new customers across the fashion, food, logistics and retail sectors.
The firm’s system provides granular business data, real-time insights and comparative modelling options to help companies reduce their operational emissions rather than offsetting them.
Molten Ventures led the funding round, and its head of climate George Chalmers said: “There is an increasing need and demand for a carbon abatement solution to go beyond just reporting and Altruistiq is in a strong position to meet those needs. We are delighted to back such an exceptional team and look forward to joining them on this exciting journey.”
