Watershed provides software to help companies measure, reduce, and offset their carbon emissions. The platform enables customers to calculate their carbon footprint across operations, set emissions targets, and purchase high-quality carbon offsets.
Watershed was founded in 2019 by former Stripe engineers Taylor Francis, Avi Itskovich, and Christian Anderson. Going forward, Watershed aims to become the one-stop shop for corporate sustainability teams. Its vision is to continue expanding its software coverage across the climate accounting market while vetting more carbon offset projects. Watershed recently acquired VitalMetrics, creator of the most exhaustive global emissions database. The acquisition helps Watershed provide more accurate carbon footprint assessments to its clients.
As a software platform initially focused on tech companies, Watershed may face risks saturating its initial target market and having to expand into complex new verticals like manufacturing and automotive. Accurately tailoring its product and measuring emissions across diverse value chains poses additional engineering and business development challenges.
As a prospective employee, you’d join a mission-driven team backed by top-tier VCs focused on fighting climate change. With climate-related regulations on the horizon driving demand, Watershed represents an attractive risk-reward balance despite the challenges inherent in its bold vision.
2019
Founded
250-500
Employees
Series C
Stage
$1.8B
Latest Valuation
$200-400M
Total Funding
Jan 22 2024
Last Fundraise
Why is the rating
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