CA-based Watershed secures $100million in series C round funding. Greenoaks led the round, and Kleiner Perkins, Sequoia Capital, Elad Gil, Emerson Collective, and Galvanize Climate Solutions also participated.
The money will be used by the company to grow both its operations and its clientele. To measure, report, and cut their carbon emissions, large companies can use Watershed’s enterprise climate platform, which integrates climate data with climate action.
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The company expanded the Watershed Marketplace in 2023 to allow businesses to finance high-impact clean power and sustainable aviation fuel. It also acquired CEDA, a multi-region emissions database, to provide businesses with more actionable carbon data. Finally, it introduced Watershed Disclosures to streamline global sustainability reporting.
With offices in London, United Kingdom, New York, and San Francisco, California, Watershed employs close to 300 people now. Customers include top businesses like General Mills, Suncorp, Medline, BBVA, Paramount, Spotify, Klarna, four of the top six US banks, and six of the top ten private equity firms. They come from every area and industry.
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About Watershed
Watershed was founded on the belief that businesses will play a vital role in the future of our world. They can alter the course of climate change by providing companies like Walmart, Stripe, Klarna, and Spotify with the means to quantify, disclose, and cut back on their greenhouse gas emissions.
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