Sweep

Sweep offers a SaaS-based solution for businesses to track their emissions across any internal and external organizational structure, including employees, business units, products, and projects, as well as suppliers and distributors.

Businesses can connect their operations data automatically to Sweep’s emission factor database to measure and manage their carbon footprint. The Sweep platform also includes a digital marketplace, providing businesses access to a wide range of carbon offsetting projects to purchase carbon credits. Additionally, the platform has the ability to generate investor-grade sustainability reports. In September 2022, Sweep launched Sweep for Finance for financial institutions to track carbon emissions across investment portfolios. This was followed by the launch of Sweep for Supply Chain to allow companies track Scope 3 emissions and Sweep for Compliance to track and report on sustainability disclosure regulations.

Sweep platform is available for use in public beta. As of February 2024, the company’s Base package (for up to five users) was priced at USD 254 per month, and the Growth package (for up to 20 users) was priced at USD 849 per month.

Key customers and partnerships

In May 2022, Sweep partnered with Stripe, a payment infrastructure provider, to launch Sweep’s climate impact app, via the Stripe App marketplace. In November 2023, Sweep partnered with ERM to integrate its digital platform and ERM's consulting services, to deliver data-driven climate and ESG strategies. During the same month, the company also partnered with AWS, to provide companies with an efficient solution for navigating ESG metrics, by cutting down data collection time in half. Sweep’s customers include Balderton, Margo, Swisscom and Ubisoft among others.

Funding and Financials

Sweep’s most recent funding round was in April 2022, when it raised USD 73 million in a Series B funding round led by Coatue. In December 2021, Sweep raised USD 22 million in a Series A funding round led by Balderton Capital. Previously the company raised USD 5 million in a seed funding round led by New Wave, 2050, and La Famiglia. Sweep expects to use the proceeds to expand its operations and development efforts.