Climate Data Service Startup Secures $100 Million Funding Round (2)

Watershed Technology, Inc., a software startup that helps companies track and reduce their greenhouse gas pollution, has closed a $100 million Series C fundraising. That brings its valuation to $1.8 billion and reflects the growing pressure around carbon disclosure.

A wider embrace of carbon accounting has been “15 years in the making, and now it feels like it’s arriving all at once,” said Taylor Francis, a co-founder, reflecting on conversations he had with executives from a diverse range of industries meeting in Davos last month for the World Economic Forum. “Climate business is becoming the business.”

A metric that Watershed uses ...