Sweep helps corporations live up to their lofty carbon promises TechCrunch
It can be tough walking out the door with a new company, and then having To scan. The company was founded in 2020, then raised Series A worth $22 million a few months ago, followed by a $73 million Series B round announced today. The company has succeeded with a carbon emissions management platform. It finds a sweet spot in the world of big corporations, who are foaming at the mouth declaring they are ready to save the planet, but then scratching their heads, unsure how to do it, follow up and report on their progress. .
Company Co-Founder and CEO Rachel Delacour sold her previous startup to Zendeskand leave a large enough change that she doesn’t need to work again.
“After the acquisition, I could just be with the kids, enjoy life and just hang out,” Delacour told me, adding that it wasn’t her style, especially after have access to a talented team, a network of potential customers and capital. . “How do you look at yourself in the mirror? “Let us use energy and access to the right people on a global scale to try to do our part to reduce carbon emissions and preserve only what remains of climate stability. ”
Sweep sees early success providing a carbon management platform to large businesses, helping them build data-driven and science-based climate programs.
“[Our customers] told us that ‘we made a commitment in the newspaper, and now we don’t know where to start.’ These companies are not new, they are not digital. In Europe, the reality is that we have companies and manufacturers that are more than 100 years old,” says Delacour. “You automate what can be automated, humanize what can be humanized to engage your employees. You invite everyone who interacts with the Sweep platform to join the carbon conversation. “
Sweep generates reports that comply with various reporting protocols to make it easier for corporations to track developments in the climate space and bring issues and challenges to the forefront. The company’s CEO is particularly excited about collective action, ensuring that everyone shares the responsibility of preventing climate catastrophe. The platform’s network approach to carbon management helps corporations decarbonize global supply chains, including multinational giants such as Saint Gobain and JCDecaux.
In addition to Coatue, which led the round, existing investors Balderton Capital, New Wave, La Famiglia and 2050 also participated in the round.
Coatue founder Philippe Laffont said: “As more and more companies embark on climate commitments, they need data and science-based solutions to propel them forward. “We believe Sweep is the leading technology in this competitive landscape, effectively supporting sustainability efforts from measurement and goal setting to mitigation and reporting. The European Founders have long been at the forefront of climate innovation and Coatue is delighted to be joining this journey with Sweep. ”