# Watershed Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/watershed-technology

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.watershed.com
- Total disclosed funding: $170M
- Latest round: Series C (Jan 22, 2024)
- Investors on record: 6

## About

Based in California, US, and founded in 2019 by Avi Itskovich, Christian Anderson, and Taylor Francis, Watershed Technology, Inc., d.b.a. Watershed is an enterprise carbon accounting platform that allows businesses to build a baseline assessment and a forecast for the emissions factors. In February 2024, Watershed Technology, Inc. raised USD 100 million in series C funding led by new investor Greenoaks Capital, with participation from returning investors Kleiner Perkins and Sequoia Capital. New investors Emerson Collective, Galvanize Climate Solutions, Neo, individuals, and other unspecified investors also participated in the round. The series C funding valued Watershed Technology, Inc. at USD 1.8 billion post-money.

Watershed provides a carbon data engine that allows businesses to measure, reduce, remove, and report emissions for every business item. The company’s platform is integrated with several emission factors from government publications (including DEFRA and EPA), LCA dashboard (such as ecoinvent), company reports, and academic research. The firm’s client base includes businesses, such as Shopify, Flexport, Warby Parker, DoorDash, sweetgreen, and Airbnb.

Watershed plans to use its proceeds from January 2024 funding to support the development of its programs.

## Funding rounds

- Series C, Jan 22, 2024, $100M — Kleiner Perkins, Hong Shan, Greenoaks Capital, Emerson Collective, Neo, Galvanize Climate Solutions
- Series B, Feb 8, 2022, $70M — Kleiner Perkins, Hong Shan
- Series A, Feb 24, 2021 — Kleiner Perkins, Hong Shan

## Investors

- Kleiner Perkins (https://capitalatlas.ai/funds/kleiner-perkins) — Series A, Series B, Series C
- Hong Shan — Series A, Series B, Series C
- Greenoaks Capital (https://capitalatlas.ai/funds/greenoaks-capital) — Series C
- Emerson Collective — Series C
- Neo — Series C
- Galvanize Climate Solutions (https://capitalatlas.ai/funds/galvanize-climate-solutions) — Series C