What is Sweep?
Founded in 2020, Sweep provides a sophisticated software platform designed to empower businesses to measure, manage, and mitigate their carbon emissions. The company addresses the growing demand for granular climate data, enabling enterprises to set science-based targets and track progress toward net-zero goals. By integrating complex data streams into a unified dashboard, Sweep facilitates transparent reporting and actionable insights, which are essential for modern corporate governance in an increasingly regulated global market. The platform serves as a digital backbone for companies navigating the complexities of environmental compliance and sustainability reporting.
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 New Wave Group, La Famiglia, and 2050
Series A (2021): $22M led by Balderton Capital, New Wave, 2050, and La Famiglia
Series B (2022): $73M supported by Coatue
Key Investors in Sweep
Coatue
Coatue Management is a prominent hedge fund sponsor and private equity firm that invests in global technology markets, providing significant backing to high-growth, scalable enterprises.
Balderton Capital
A London-based venture capital firm specializing in early-stage and growth-stage investments, focusing on European technology companies with high potential for market disruption.
New Wave Group
A Swedish-based group that designs and develops brands, bringing a strategic perspective to corporate development and long-term value creation.
What's next for Sweep?
With the recent influx of capital, Sweep is well-positioned to accelerate its product roadmap and expand its footprint in the global enterprise market. The focus will likely shift toward enhancing the platform's predictive analytics capabilities and deepening its integration with existing enterprise resource planning (ERP) systems. As regulatory pressures regarding climate disclosure intensify across Europe and North America, Sweep's ability to provide audit-ready emissions data will be a key differentiator. The company is expected to leverage this financing to scale its commercial operations, targeting large-scale organizations that require comprehensive, scalable solutions to manage their environmental impact across complex supply chains.
See full Sweep company page
