How Much Did Watershed Technology, Inc. Raise? Funding & Rounds and Investors

Watershed Technology, Inc., founded in 2019 by Avi Itskovich, Christian Anderson, and Taylor Francis, operates in the climate data and analytics industry. Headquartered in San Francisco, California, with regional offices in New York, London, Sydney, Paris, Berlin, and soon Mexico City, the company employs approximately 200–500 people. Watershed provides an enterprise sustainability platform enabling organizations to measure, report, and reduce carbon emissions through audit-ready data and a marketplace for carbon removal projects, helping clients achieve net-zero targets.

Watershed Technology, Inc. funding history demonstrates a strong trajectory, raising a total of $170 million over three major funding rounds. The strategy has focused on rapid market expansion and product innovation, supported by some of the top venture capital firms in climate tech. Key milestones have included surpassing a $1 billion valuation during the Series B, global expansion, and broadening partnerships for climate action. The most recent Watershed Technology, Inc. funding round—a Series C—helped accelerate growth and platform development as corporate sustainability goals intensify worldwide.

Funding Rounds

Series C - $100M - 2024-02-01

This round, led by Greenoaks, provided capital for further scaling Watershed’s sustainability platform, expanding into new markets, and accelerating product innovation to meet enterprise sustainability demand. Key participants included Kleiner Perkins, Sequoia Capital, Emerson Collective, and Galvanize Climate Solutions.

Series B - $70M - 2022-02-08

The Series B focused on market expansion and operations scaling, supporting the company as it moved toward international growth and expanded its suite of climate action tools. Sequoia Capital led this round, with Kleiner Perkins and Lowercarbon Capital participating. This round valued Watershed at $1 billion.

Series A - Undisclosed - 2021-02-24

This initial investment round, led by Kleiner Perkins and Sequoia Capital, funded core platform development and initial go-to-market efforts, laying the technical foundation for enterprise sustainability measurement and reporting.

Key Investors

Greenoaks

Greenoaks is a global technology investment firm that led Watershed Technology, Inc.'s Series C round. Their involvement brought not only capital but also strategic advice for scaling enterprise SaaS platforms.

Kleiner Perkins

Kleiner Perkins is a renowned venture capital firm with a deep history funding technology and sustainability leaders. They have participated in Watershed’s Series A, B, and C rounds, advising on growth and climate innovation.

Sequoia Capital

Sequoia Capital, one of Silicon Valley’s top venture capital firms, has played a pivotal role in Watershed Technology, Inc. funding rounds, leading Series B and participating in Series A and C, supporting product and international expansion.

Emerson Collective

Emerson Collective, focused on social change and environmental impact, contributed to the Series C round, backing Watershed in the next phase of its climate action mission.

Galvanize Climate Solutions

Galvanize Climate Solutions is an investment platform dedicated to decarbonization, which participated in the Series C to empower Watershed’s work as a leader in climate data analytics.

Lowercarbon Capital

Lowercarbon Capital, specializing in bold investments to fight climate change, joined the Series B round, helping Watershed advance its core technology for carbon measurement.

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