Neutreeno, a deep tech startup spinning out of the University of Cambridge, announced it secured a $5 million seed round with support from a global syndicate of mission-aligned investors.
Companies typically have a large percentage of emissions in their value chain, but they will fail to achieve net zero goals unless they double the emissions reduction pace by 2030. This is hard due to a lack of primary value chain data, the inability to influence suppliers and the high cost of decarbonization.
Neutreeno’s proprietary process networks, based on mass and energy flow research, significantly minimize the primary data burden on suppliers and allow enterprises to map product lines faster and with greater precision than existing tools. Their easy-to-use and affordable digital system automatically pinpoints solutions that reduce emissions and costs across thousands of suppliers.
Neutreeno’s customers span Asia, Europe, and North America, including S&P 500 and FTSE 250 companies across multiple industries and a wide range of SMEs.
Neutreeno offers groundbreaking results for a multi-billion-dollar enterprise customer, identifying a 35% emissions reduction potential across Scope 1–3 for one of its suppliers and automatically pinpointing actions leading to new product designs, procurement changes, and substantial emissions reductions — all in just four weeks.
Through an innovative approach and strong industry backing, Neutreeno is poised to make a significant impact on global decarbonization efforts, helping companies achieve their climate goals faster than ever before.
KEY QUOTES:
“Neutreeno offers a unique and innovative solution that is crucial for tackling sustainability challenges with improved efficiency and cost-effectiveness at scale. Scania Invest’s support emphasizes the strategic importance of advancing Neutreeno’s pioneering technology in the sustainability landscape.”
-Fredrik Nilzén, Head of Sustainability at Scania Group, one of the world’s largest commercial vehicle manufacturers
“We take a completely novel, robust engineering approach to challenge the Scope 3 status quo.”
-Dr Spencer Brennan, Neutreeno’s founder
“Neutreeno breaks away from the noisy landscape of tedious, form-filling accounting-based carbon software.”
-Professor Jonathan Cullen, Head of Climate Science at Neutreeno and Lead Author for the IPCC AR6 Industry Chapter
“Neutreeno has the first technical system able to move beyond Scope 3 reporting to systematically decarbonize industry, unlocking the $130 trillion of capital waiting to fund the low-carbon transition.”
-Michael Smith, General Partner of Regeneration
