What is Sweep?
Founded in 2020, Sweep operates a comprehensive platform designed to empower businesses in their pursuit of environmental sustainability. The company facilitates the management and measurement of corporate emissions, providing crucial data insights, enabling goal setting, and supporting the implementation of sustainable practices. Sweep's offering is vital for organizations navigating the increasing demands for environmental accountability and carbon footprint reduction.
How much funding has Sweep raised?
Sweep has raised a total of $100M across 3 funding rounds:
Angel/Seed
$5M
Series A
$22M
Series B
$73M
Angel/Seed (2021): $5M with participation from 2050, New Wave Group, and La Famiglia
Series A (2021): $22M led by New Wave, 2050, Balderton Capital, and La Famiglia
Series B (2022): $73M supported by Coatue
Key Investors in Sweep
Coatue
Coatue Management is an investment firm known for its global market strategies, investing in both public and private equity, with a focus on technology and growth-oriented companies.
Balderton Capital
Balderton Capital is a prominent venture capital firm based in London, specializing in early-stage and growth-stage technology companies across Europe.
La Famiglia
La Famiglia appears to be an investor with a focus on consumer-facing businesses, potentially with an interest in lifestyle or food-related ventures, as suggested by its name and associated descriptions.
What's next for Sweep?
The substantial enterprise-level funding, particularly the recent Series B investment, positions Sweep for significant expansion and market penetration. This capital infusion is expected to fuel product development, enhance its data analytics capabilities, and broaden its customer base. As regulatory pressures and corporate ESG (Environmental, Social, and Governance) initiatives intensify, Sweep is strategically poised to become a leader in the climate tech sector, offering essential tools for businesses committed to achieving their sustainability targets.
See full Sweep company page
