Sweep helps corporations live up to their lofty carbon promises – TechCrunch

He’s storming out of the gates with a new company, and then there’s Sweep. The company was founded in 2020, then raised a $22 million Series A round a few months ago, followed by a $73 million Series B round announced today. The company razed a platform for managing carbon emissions. It found a sweet spot in the world of large corporations, who were foaming at the mouth announcing that they were ready to save the planet, but then left scratching their heads, not knowing how to implement, track and report on their progress. .

The company’s co-founder and CEO, Rachel Delacour, sold her previous startup to Zendesk and kept a piece of the change big enough that she never had to go back to work.

“After the acquisition, I was able to stay with my kids and enjoy life and just hang out,” Delacour told me, adding that wasn’t his style, especially after having access to a talented team and network of clients. potential and financing. . “How do you see yourself in the mirror? “Let’s use our energy and access to the right people on a global scale to try to do our part to reduce carbon emissions and preserve what remains of climate stability.”

Rachel Delacour, CEO and co-founder of Sweep. Image credits: Sweep

Sweep found initial success offering a carbon management platform for large companies, helping them create data-driven, science-based climate programs.

“[Our customers] he told us ‘we got engaged in the newspaper, and now we don’t know where to start’. These companies are not new, they are not digital. In Europe, the reality is that we have companies and manufacturers that are over 100 years old,” says Delacour. “You automate what can be automated, you humanize what can be humanized to engage your employees. He invites everyone to join the Sweep platform to join the carbon conversation.”

Sweep generates reports that comply with various reporting protocols to make it easier for corporations to stay on top of what’s happening in the climate space and bring issues and challenges to the forefront. The company’s CEO is particularly excited about collective action, ensuring that everyone shares their share of the responsibility to avert a climate disaster. The platform’s network approach to carbon management helps corporations decarbonize in global supply chains, including for multinational giants like Saint Gobain and JCDecaux.

In addition to Coatue, who led the round, existing investors Balderton Capital, New Wave, La Famiglia and 2050 also participated in the round.

“As a growing number of companies embark on their climate commitments, they need data and science-based solutions to drive them forward,” said Coatue founder Philippe Laffont. “We believe Sweep is the leading technology in this competitive landscape, effectively supporting sustainability efforts from measurement and target setting to reduction and reporting. European founders have long been at the forefront of climate innovation, and Coatue is thrilled to be on this journey with Sweep.”

Leave a Comment