UTIL CLOSES $6 MILLION SEED INVESTMENT ROUND LED BY ELDRIDGE
Summary
"Were delighted CBOE and LuxSE share our vision and look forward to working together to integrate sustainability intelligence into the global financial system," said Patrick Wood Uribe, Utils CEO. In our view, investors and traders will increasingly demand navigational tools such as Utils to provide direction on their ESG strategies," said John Deters, Chief Strategy Officer at CBOE.Customers, including PGIM Quantitative Solutions, Nuveen (a TIAA company), Danske Bank Asset Management, Degroof Petercam Asset Management (DPAM), and a.s.r., work with Util to research companies, report on portfolios, and create differentiated financial products benchmarked against material sustainability issues.The announcement comes as the team accelerates hiring in key senior roles. Earlier this year, Mike Goynes joined Util as CTO, prior to which he was Chief Data Officer at supply-chain AI unicorn Interos.Utils innovative approach and insights have been recognised by a number of prestigious awards. Its evidence-driven analytics capture the performance of 50,000 listed companiesof every size, region, and sectorrelative to the 17 United Nations Sustainable Development Goals and thousands of other sustainability concepts, empowering investors to better understand and optimise their real-world impact.About Eldridge: Eldridge invests in businesses across the Insurance, Asset Management, Technology, Mobility, Sports & Gaming, Media & Music, Real Estate, and Consumer landscapes. The firm seeks to build and grow businesses led by proven management teams that have demonstrated leadership and experience to scale an enterprise.