How Much Did Watershed Raise? Headquarters, Funding & Key Investors

Watershed, a San Francisco–based enterprise climate platform, has raised $170 million in total funding across multiple rounds, reaching a $1.8 billion valuation after its $100 million Series C in February 2024 led by Greenoaks. Earlier rounds include $70 million (Series B, Feb 2022), $55 million (Series B, Jun 2022), and $14 million (Series A, Feb 2021) backed by Sequoia Capital and Kleiner Perkins. Founded in 2019, Watershed helps global enterprises measure, report, and reduce carbon emissions with audit-grade data and AI-driven sustainability insights.

How Much Did Watershed Raise? Funding & Key Investors

Watershed, a San Francisco-based sustainability platform, has secured $170 million in total funding, including a $100 million Series C in February 2024 led by Greenoaks, reaching a $1.8 billion valuation. Founded in 2019, the company helps enterprises measure, report, and reduce carbon emissions through data-driven insights and audit-grade methodologies. Backed by Sequoia Capital, Kleiner Perkins, and Emerson Collective, Watershed empowers global corporations to meet ambitious climate goals and comply with emerging ESG regulations, establishing itself as a leader in enterprise climate action.

What Is Watershed and What Does It Do?

Founded in 2019 by Avi Itskovich, Christian Anderson, and Taylor Francis, Watershed is a San Francisco–based enterprise sustainability platform that empowers organizations to measure, report, and reduce their carbon emissions.

The platform offers comprehensive tools for carbon accounting, emissions reduction, and sustainability disclosures, supporting audit-grade methodologies vetted by third-party auditors. Watershed enables enterprises to set climate targets, track progress toward decarbonization, and comply with global reporting frameworks.

With a team of 251–500 employees, Watershed’s technology-driven approach helps companies operationalize sustainability across business functions, positioning it as a key player in corporate climate innovation.

How Much Funding Has Watershed Raised?

*Series C*
- Amount Raised: $100M
- Date: February 2024
- Lead Investor: Greenoaks
- Motivation: To advance corporate climate initiatives, expand product capabilities, and grow operations across Europe.\
*Series B*
- Amount Raised: $70M
- Date: February 2022
- Lead Investors: Kleiner Perkins, Sequoia Capital
- Motivation: To scale platform capabilities and meet rising enterprise demand for sustainability reporting.\
*Series B (Extension)*
- Amount Raised: $55M
- Date: June 2022
- Motivation: To enhance product offerings and support international expansion.\
*Series A*
- Amount Raised: $14M
- Date: February 2021
- Lead Investors: Kleiner Perkins, Sequoia Capital
- Motivation: To develop the platform’s initial carbon accounting and sustainability features.

Total Funding Raised: $170 Million

Current Valuation: $1.8 Billion (as of February 2024)

Key Investors

*Greenoaks*
- Details: A long-term investment firm with a focus on high-growth technology companies.
- Investment Focus Areas: Technology, internet, software.
- Notable Investments: Not publicly disclosed.\
*Kleiner Perkins*
- Details: Renowned venture capital firm investing in technology and life sciences.
- Investment Focus Areas: Technology, Life Sciences, and Sustainability.
- Notable Investments: Google, Amazon, Genentech.\
*Sequoia Capital*
- Details: Leading VC firm backing transformative technology and climate tech ventures.
- Investment Focus Areas: Technology, healthcare, consumer, and climate tech.
- Notable Investments: Apple, Google, Oracle, LinkedIn.

Where Is Watershed’s Headquarters?

Watershed is headquartered in San Francisco, California, at the heart of global innovation in sustainability technology. The strategic location enables collaboration with top climate experts, data scientists, and regulatory bodies, allowing Watershed to stay ahead in compliance and enterprise decarbonization.

What’s Next for Watershed?

Following its $100 million Series C funding, Watershed is expanding aggressively into European markets, particularly in response to the EU’s Corporate Sustainability Reporting Directive (CSRD). The company plans to enhance its product suite with deeper analytics, audit-ready emissions tracking, and regulatory automation. As sustainability reporting becomes mandatory across more than 12,000 companies, Watershed is positioned to lead the next era of enterprise-grade climate intelligence and carbon transparency.

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