Neutreeno, a deep tech startup emerging from the University of Cambridge, has secured $5 million in seed funding from a global syndicate of mission-aligned investors. The company is pioneering innovative solutions to help enterprises tackle emissions, particularly in their value chains (Scope 3), where over 90% of most companies’ emissions are concentrated.
Neutreeno’s proprietary technology, developed through decades of mass and energy flow research, allows businesses to map product lines faster and with greater accuracy than existing tools, significantly minimising the need for primary data from suppliers. This system automatically identifies actions that can reduce emissions and costs across supply chains, helping businesses tackle Scope 1–3 emissions more effectively.
Dr. Spencer Brennan, founder of Neutreeno, assembled a team of scientists who have pioneered circularity and resource efficiency concepts in complex supply chains for over two decades, influencing international climate policy. “We take a completely novel, robust engineering approach to challenge the Scope 3 status quo,” said Brennan. Professor Jonathan Cullen, Head of Climate Science at Neutreeno and Lead Author for the IPCC AR6 Industry Chapter, added, “Neutreeno breaks away from the tedious, form-filling accounting-based carbon software.”
The company has already demonstrated remarkable results, such as identifying a 35% emissions reduction potential for a multi-billion-dollar client across Scope 1–3 in just four weeks. Neutreeno’s system pinpointed actions leading to new product designs, procurement changes, and significant emissions reductions. Neutreeno’s clientele spans Asia, Europe, and North America, including S&P 500 and FTSE 250 companies, as well as SMEs.
Fredrik Nilzén, Head of Sustainability at Scania Group, commented on Neutreeno’s impact: “Neutreeno offers a unique and innovative solution that is crucial for tackling sustainability challenges with improved efficiency and cost-effectiveness at scale.”
Michael Smith, General Partner of Regeneration, praised Neutreeno’s potential to drive global decarbonisation. “Neutreeno has the first technical system capable of moving beyond Scope 3 reporting to systematically decarbonise industry, unlocking the US$130 trillion of capital waiting to fund the low-carbon transition,” he said.