Neutreeno, a deep tech startup spinning out of the University of Cambridge (UK), raised $5M in Seed funding.
The round was led by Regeneration.VC, with participation from Remarkable Ventures Climate Fund (RVC), Closed Loop Partners, Prequel Ventures, Scania Invest and Beacon Venture Capital.
The company intends to use the funds to expand operations and its development efforts.
Founded by Dr Spencer Brennan, Neutreeno operates proprietary process networks, based on mass and energy flow research, which minimise the primary data burden on suppliers and allows enterprises to map product lines faster and with greater precision than existing tools. Their digital system automatically pinpoints solutions that reduce emissions and costs across 1,000s of suppliers.
Customers span Asia, Europe, and North America, including S&P 500 and FTSE 250 companies across multiple industries, and a wide range of SMEs.
FinSMEs
02/10/2024