# Altruistiq

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/altruistiq

- Industry: Software
- Headquarters: London, UK
- Website: www.altruistiq.com
- Total disclosed funding: $18M
- Latest round: Seed (Jul 25, 2022)
- Investors on record: 2

## About

Founded in 2021 and based in London, UK, Expanding Circle Ltd. trading as Altruistiq operates as a saas platform that enables businesses to automate data measurements, and management to be accurate. The company is led by CEO, Saif Hameed. In July 2022, Expanding Circle Ltd raised GBP 15 million of seed funding led by new investor Molten Ventures, with participation from another new investor Norrsken VC. Individual investors also participated in the round.

Altruistiq offers a data management platform that measures environmental impact with granularity and accuracy. The platform helps measure the business's environmental impact in real-life by automatically ingesting raw data, in any format to deliver precise emission baselines; manage emission targets with integrity and confidence; and enhance collaboration with customers, suppliers, auditors, and internal stakeholders through automated and point-of-need emissions reports. The company's customers include Meadow, Danx, Rubix, JDM Food Group, Gousto, etc. 

The company plans to use the 2022 funding to broaden its team and product development.

## Funding rounds

- Seed, Jul 25, 2022, $18M — Molten Ventures, Norrsken VC

## Investors

- Molten Ventures (https://capitalatlas.ai/funds/molten-ventures) — Seed
- Norrsken VC (https://capitalatlas.ai/funds/norrsken-vc) — Seed