# Sweep

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/sweep-2

- Industry: Environmental Services
- Headquarters: Montpellier, France
- Website: www.sweep.net
- Total disclosed funding: $96M
- Latest round: Series B (Apr 8, 2022)
- Investors on record: 7

## About

Sweep SAS is a sustainability data platform that helps businesses track and manage their Environmental, Social, and Governance (ESG) metrics, facilitating compliance and empowering data-driven decision-making.Founded in 2020 in Montpellier, France, Sweep SAS specializes in sustainability data solutions. The company has engaged in 3 financial deals, with its most recent deal occurring in April 2022, when it raised EUR 64.81 million in a Series B funding round led by Coatue Management. The co-founders include Marko Meth, Rachel Delacour, Raphael Güller, and Yannick Chaze, with Rachel Delacour serving as the current CEO.Sweep offers a comprehensive sustainability data platform designed to assist companies in tracking and managing their Environmental, Social, and Governance (ESG) metrics and carbon emissions. The platform centralizes sustainability data across organizations and value chains, ensuring compliance with international ESG standards like CSRD and SFDR. Sweep empowers businesses to engage in data-driven decision-making to achieve sustainability goals, serving clients in finance, healthcare, manufacturing, and consumer goods across North America and Europe.Sweep generates revenue primarily through a subscription-based model, allowing clients ongoing access to its sustainability data platform. Clients engage in multi-year contracts that include features such as carbon management and value chain emissions tracking. Pricing varies based on the scale of data and features selected, catering to the specific sustainability reporting needs of organizations.In April 2022, Sweep SAS raised EUR 64.81 million in Series B funding, led by Coatue Management, to scale its platform and expand its business reach. The company is focusing on developing new features for its platform and targeting expansion into additional markets throughout Europe and North America within the next twelve months.

## Funding rounds

- Series B, Apr 8, 2022, $70M — Balderton Capital, Coatue Management, New Wave Ventures, La Famiglia, Build Collective, 2050
- Series A, Feb 1, 2022, $21M — Balderton Capital, La Famiglia, New Wave, 2050
- Seed, Mar 9, 2021, $4.2M — La Famiglia, New Wave, 2050

## Investors

- La Famiglia (https://capitalatlas.ai/funds/la-famiglia) — Seed, Series A, Series B
- New Wave (https://capitalatlas.ai/funds/new-wave) — Seed, Series A
- 2050 (https://capitalatlas.ai/funds/2050) — Seed, Series A, Series B
- Balderton Capital (https://capitalatlas.ai/funds/balderton-capital) — Series A, Series B
- Coatue Management (https://capitalatlas.ai/funds/coatue-management) — Series B
- New Wave Ventures (https://capitalatlas.ai/funds/new-wave-ventures) — Series B
- Build Collective (https://capitalatlas.ai/funds/build-collective) — Series B