NEWSROOM    Build    April 05, 2022

In one fell swoop, Sweep bristles up $73 million in Coatue-led Series B round

April 05, 2022

Montpellier-based carbon management platform Sweep has raised $73 million in a Series B funding round. The startup targets large enterprises and helps them meet the growing demand from customers to net-zero sustainability goals. Building from raise to raise, Sweep netted $5 million in a seed round around this time last year, took home $22 million in mid-December of last year, and now boasts $100 million in the kitty.

Greenwashing, green sheen, whatever you want to call it, has been a problem since the term first appeared in the mid-1980s. Not exactly the same topic, but in the same ballpark, the issue of lip service has become so prevalent that Boston Consulting Group reported, “that over 90% of companies aren’t measuring their emissions accurately and regularly.”

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