Watershed Technology, Inc.
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Watershed Technology, Inc. - overview
Established
2019
Location
San Francisco, CA, US
Primary Industry
Software
About
Based in California, US, and founded in 2019 by Avi Itskovich, Christian Anderson, and Taylor Francis, Watershed Technology, Inc. , d. b. a.
Watershed is an enterprise carbon accounting platform that allows businesses to build a baseline assessment and a forecast for the emissions factors. In February 2024, Watershed Technology, Inc. raised USD 100 million in series C funding led by new investor Greenoaks Capital, with participation from returning investors Kleiner Perkins and Sequoia Capital. New investors Emerson Collective, Galvanize Climate Solutions, Neo, individuals, and other unspecified investors also participated in the round.
The series C funding valued Watershed Technology, Inc. at USD 1. 8 billion post-money. Watershed provides a carbon data engine that allows businesses to measure, reduce, remove, and report emissions for every business item.
The company’s platform is integrated with several emission factors from government publications (including DEFRA and EPA), LCA dashboard (such as ecoinvent), company reports, and academic research. The firm’s client base includes businesses, such as Shopify, Flexport, Warby Parker, DoorDash, sweetgreen, and Airbnb. Watershed plans to use its proceeds from January 2024 funding to support the development of its programs.
Current Investors
Kleiner Perkins, Hong Shan, Greenoaks Capital
Primary Industry
Software
Sub Industries
Analytics & Performance Software
Website
www.watershed.com
Verticals
Clean Technology, Cloud Computing
Company Stage
Series C
Total Amount Raised
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