Altruistiq is a technology company.
Altruistiq has raised $18.0M across 1 funding round.
Altruistiq has raised $18.0M in total across 1 funding round.
Altruistiq has raised $18.0M in total across 1 funding round.
Altruistiq's investors include Atomico, Episode 1 Ventures, Lockheed Martin Ventures, Norrsken VC, QVentures, Carl Bass, Charlie Songhurst, Joe White, Nicolas Berggruen.
Altruistiq is a London-based technology company founded in 2020 that provides a climate intelligence platform for enterprises to measure, manage, and reduce carbon footprints.[1][2][3] Its core product automates sustainability data handling, including corporate and product footprinting, Scope 3 emissions tracking, and supply chain engagement, serving large enterprises with complex supply chains like Gousto and Octopus Energy.[1][3][5][6] The platform solves the challenge of inaccurate, manual carbon accounting by delivering granular, automated data for informed decarbonization decisions, with demonstrated growth through partnerships (e.g., Systemiq) and UK government-backed projects measuring millions of tCO2e annually.[1][5][6]
Altruistiq was founded on January 6, 2021, by Saif Hameed, its CEO, with a mission to equip enterprise brands with superior environmental data for sustainability teams.[2][5] Headquartered at 6th Floor One London Wall, London, the company emerged amid rising corporate demands for precise emissions tracking, particularly Scope 3 value chain emissions.[1][4] Early traction included collaborations like the UK government's Partnership for Carbon Transparency (PACT) accelerator with Unilever and GS1 UK, where Altruistiq received up to £125,000 to develop AI and distributed ledger solutions for cross-border carbon standards, building on Digital Catapult's supply chain initiatives.[1]
Altruistiq rides the net-zero transition wave, fueled by regulations like the Paris Agreement, UK Electronic Trade Documents Act, and global Scope 3 mandates, where businesses face pressure to decarbonize supply chains amid 25% cross-border trade growth.[1][5] Its timing aligns with AI and ledger tech adoption for emissions transparency, as seen in PACT and Digital Catapult programs that have funneled £3m+ to similar startups.[1] Market forces like corporate sustainability goals (e.g., food/bev distribution tracking) favor it, influencing the ecosystem by standardizing data exchange and accelerating transitions for partners like Systemiq, positioning it as a key enabler in regenerative economies.[5][6]
Altruistiq is poised for expansion through deeper enterprise integrations and global standards adoption, leveraging recent resources on product decarbonization and supplier tools to capture food/bev and energy sectors.[6] Trends like AI-enhanced Scope 3 reporting and cross-border trade digitization will propel growth, potentially evolving its influence via more B Corp-style partnerships and policy-backed pilots.[1][5] As corporate sustainability scales, Altruistiq's data automation will remain central to turning environmental commitments into measurable planetary impact, starting from its mission to make products "better for the planet."[2]
Altruistiq has raised $18.0M across 1 funding round. Most recently, it raised $18.0M Seed in July 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jul 1, 2022 | $18.0M Seed | Atomico, Episode 1 Ventures, Lockheed Martin Ventures, Norrsken VC, QVentures, Carl Bass, Charlie Songhurst, Joe White, Nicolas Berggruen |