With a unique & robust product in a booming market, Sweep accelerates and raises a €22 million series A.

The highest quality of product to respond to the climate emergency

Global warming is not slowing down. Nor does Sweep. Since Sweep's seed round in December 2020, a new IPCC report was published: in all emission scenarios, global warming exceeds the +1.5°C threshold. Companies face increasing pressure from their stakeholders. Yet, just last month, BCG reported that 81% of companies were not measuring their emissions accurately and regularly.

Sweep enables companies to meet this crucial need in the net-zero transition. Its service meets the security and scalability requirements of the largest companies, as currently shown with Orange and Saint Gobain. Sweep's platform offers an additional major advance by enabling its customers to integrate their scope 3 and embark their supply chain. Obviously, this is where most of the emissions and leverage are for many companies, whether they are technology companies like HP or financial institutions like 2050!? As Rachel Delacour, CEO and co-founder of Sweep, says,

"direct emissions reporting is just the tip of the iceberg for the world's largest companies."

2050 invests in catalysts for the low-carbon transition

This Series A will allow Sweep to simplify the calculation of scope 3 emissions, targeting large companies in particular - a critical segment if we really want to change the climate trajectory, yet still poorly addressed by existing tools and services on the market. Alongside the historical investors, 2050, New Wave and La Famiglia, the round is led by Balderton, whose B2B experience and network will be invaluable for this new phase.

Sweep illustrates 2050's climate strategy. We invest in the transition catalysts that equip all stakeholders:

• companies, enabling them to efficiently measure their carbon footprint (Sweep) and produce differently (Fleurs d'Ici)
• public institutions, enabling them to craft systemic low-carbon policies backed with finance (ClimateView)?
• individuals, to become more knowledgeable, (Climate Course) aware and have new cultural models (Bigger Than Us)

These catalysts will be the champions of tomorrow's economy, and we are proud to support Sweep in this journey!