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California startup Watershed raises $100 million for emissions-tracking software

Feb 07, 2024almost 2 years ago

Amount Raised

$100 Million

San FranciscoSoftware Development

Investors

Emerson CollectiveGalvanize Climate SolutionsGreenoaksKleiner PerkinsNeoSequoia Capital

Description

California startup Watershed recently raised $100 million in its Series C, valuing the company at $1.8 billion. The funding will be used to expand its solution capacity for corporate climate accountability services.

Company Information

Company

Watershed

Location

415 Geary St

San Francisco, California, United States

About

Watershed was built on the conviction that companies have a critical role to play in the future of our planet. By giving organizations like Walmart, Stripe, Klarna, and Spotify the tools to measure, report, and reduce their greenhouse gas emissions, we can change the trajectory of climate change. With offices in San Francisco, New York, and London, and remote employees across the US and Europe, we’re growing fast and hiring for a variety of roles! Explore all of our open opportunities at watershed.com/jobs.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech