Sweep Raises $73M in Series B Funding


Sweep, a Paris, France-based carbon management platform for large enterprises, raised $73m in Series B funding.

The round was led by Coatue with participation Tony Fadellā€™s Future Shape fund, and existing investorsĀ Balderton Capital,Ā New WaveĀ (backed by Xavier Niel and Peter Fenton),Ā La FamigliaĀ andĀ 2050Ā (founded by Marie Ekeland).

The company intends to use the funds to continue to expand operations and its business reach.

Led by Rachel Delacour, CEO, Sweep provides an all-in-one carbon tool that allows large enterprises to build science-based and data-driven climate programs to reach their carbon goals. It measures, tracks, and reduces emissions in one single place all while increasing environmental compliance and anticipating the costs and risks associated with climate change.

The company currently serves companies like Saint Gobain and JCDecaux.