Sweep, a French green tech startup, has raised $22 million in a Series A funding round led by Balderton Capital and including participation from existing investors New Wave, La Famiglia, and 2050. The company was founded in 2020 in Montpellier and has since expanded to Paris and London. Sweep has developed a software platform for managing corporate carbon footprints, providing tools for calculating emissions across the entire value chain and implementing climate programs. The startup is already working with several major corporations and plans to use the funds to expand its customer base, improve its platform, and hire new team members.
Balderton Capital is a London-based venture capital firm that invests in early-stage technology companies across Europe. The firm has backed a number of successful startups, including Revolut, Citymapper, and Natural Cycles. New Wave is a Paris-based venture capital firm that invests in innovative startups with a focus on sustainability and social responsibility. La Famiglia is a Berlin-based venture capital firm that invests in early-stage startups in Europe and North America. The firm has backed companies such as Sennder, Lilium, and Tier. 2050 is a venture capital firm that invests in startups working on solutions to the world's most pressing environmental and social challenges.
The investment in Sweep reflects the growing importance of sustainability and carbon management in the corporate world. With governments and consumers increasingly demanding action on climate change, many companies are seeking out innovative technologies and services to help them reduce their environmental impact. Sweep's platform offers a comprehensive solution for managing carbon footprints, and the startup's success in securing funding from top-tier investors is a testament to the potential of the company's technology and the strength of its team.
Sweep's $22 million Series A funding round is a significant milestone for the French green tech startup, which has developed a software platform for managing corporate carbon footprints. The investment from Balderton Capital and other top-tier investors reflects the growing importance of sustainability and carbon management in the corporate world, and Sweep's platform offers a comprehensive solution for managing carbon footprints. The startup plans to use the funds to expand its customer base, improve its platform, and hire new team members, and its success in securing funding from top-tier investors is a testament to the potential of its technology and team.
