Sweep Raises $73M in Series B Funding

Sweep Raises $73M in Series B Funding

Sweep, a carbon management platform for big businesses situated in Paris, France, secured $73 million in Series B funding.

Coatue led the investment round, which also included Tony Fadell’s Future Shape fund, Balderton Capital, New Wave (supported by Xavier Niel and Peter Fenton), La Famiglia, and 2050 as well as existing investors (founded by Marie Ekeland).

The money will be used by the business to keep growing operations and clientele.

Sweep, led by CEO Rachel Delacour, is a comprehensive carbon solution that enables big businesses to create data- and science-driven climate strategies to meet their carbon goals. It increases environmental compliance, tracks emissions, and cuts them all in one location while preparing for the expenses and dangers brought on by climate change.

Currently, the business provides services to JCDecaux and Saint Gobain, among others.