Loading organizations...
Altruistiq is a climate technology company based in London that provides a SaaS sustainability intelligence platform to help large enterprises measure, track, and reduce their greenhouse gas emissions. The system focuses on primary supply chain data rather than industry averages to manage corporate carbon footprinting across Scope 1, 2, and 3 emissions, primarily serving the food, beverage, and retail sectors. Operating with approximately 66 employees, the business generates an estimated $6.4 million in annual revenue and has raised $18.1 million in total funding, including a £15 million seed round led by Molten Ventures. The platform's enterprise customer base features prominent FMCG and UK hospitality brands such as Gousto and Loungers, while its investors include Norrsken VC and angel investor Greg Jackson. Altruistiq was officially established in 2021 by founder and chief executive officer Saif Hameed.
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 across 1 funding round. Most recently, it raised $18.0M Seed in July 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jul 1, 2022 | $18M Seed | — | Atomico, Episode 1 Ventures, Lockheed Martin Ventures, Norrsken VC, QVentures, Carl Bass, Charlie Songhurst, JOE White, Nicolas Berggruen, Greg Jackson, Mudassir Sheikha, Nicolaj Reffstrup, Siraj Khaliq, SIR IAN Cheshire, George Chalmers, CFA | Announced |
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 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, Greg Jackson, Mudassir Sheikha, Nicolaj Reffstrup.
