Watershed
Series C+Raised Since FeaturedAI-accelerated sustainability
Enterprise climate platform helping companies measure, report, and reduce carbon emissions.
About
Watershed is the enterprise sustainability platform purpose-built for corporate decarbonization. The company has built a comprehensive climate platform that enables businesses to measure, report, and reduce their environmental impact through granular emissions data, sustainability reporting tools, and a marketplace for carbon removal and clean power projects. Watershed delivers audit-grade carbon measurement across all scopes (1, 2, and 3), one-click disclosure and reporting to meet global regulatory standards, and real emissions reduction โ all in a single, intuitive, enterprise-grade software platform. Founded in 2019 by three former Stripe engineers โ Christian Anderson, Taylor Francis, and Avi Itskovich โ who bonded over a shared passion for climate action, Watershed has rapidly scaled to serve some of the world's largest companies including Airbnb, Stripe, Spotify, FedEx, Walmart, BlackRock, and Visa. The platform integrates expertise from in-house climate scientists and policy experts, providing the highest-quality sustainability data with methodologies vetted by third-party auditors. Named a Leader in The Verdantix Green Quadrant for ESG & Sustainability Reporting Software (2025) and a Forrester Wave Leader (2024), Watershed combines real-time emissions tracking, regulatory reporting, and decarbonization planning. The company's ambitious 2030 goal is to reduce or remove 1% of annual global emissions โ approximately 500 megatonnes of CO2 equivalent โ in partnership with its customers.
DailyDropout Take
Watershed stood out as a rare climate tech company with both elite technical pedigree and genuine enterprise traction. Three former Stripe engineers who launched Stripe Climate turned their insider knowledge of corporate payment flows into the most comprehensive carbon accounting platform on the market โ and Fortune 500 companies from FedEx to BlackRock agreed. With a $1.8B valuation and $108M in revenue, Watershed proved that climate software isn't just a nice-to-have but a must-have for modern enterprises.
Discovery signal: Strong Stripe pedigree, early Sequoia + Kleiner Perkins backing, rapid enterprise adoption by Fortune 500 companies, and a Stripe Climate connection that signaled deep domain expertise.
What Makes Them Unique
Watershed is the only enterprise climate platform that combines audit-grade emissions measurement across all scopes, regulatory reporting, and real decarbonization actions โ including a clean power and carbon removal marketplace โ in a single platform, backed by in-house climate scientists and the trust of Fortune 500 companies.
~$108M
Revenue
$1.8B
Valuation
~550
Team Size
479M+ tonnes CO2e
Emissions Managed
Target Markets
Founders
Christian Anderson
Co-Founder & CEO
Former Head of Merchant Intelligence at Stripe, where he managed a 100-person engineering and product team and launched Stripe Climate. Holds a Master's in Physics and Bachelor's in Mathematics from Harvard University.
Taylor Francis
Co-Founder & COO
Former Software Engineer at Stripe with five years of experience. Holds a degree in Public and International Affairs from Princeton University. Led Watershed's expansion across Europe and North America.
Avi Itskovich
Co-Founder & CTO
Former Software Engineer at Stripe for five years with prior internships at Airbnb, Facebook, and Twitter. Holds a Bachelor's in Mathematics and Computer Science from the University of Waterloo. Oversees platform architecture and engineering.
Watershed is hiring!
Team size: ~550
Funding History
Lead: Sequoia Capital & Kleiner Perkins
Lead: Sequoia Capital & Kleiner Perkins
Lead: Sequoia Capital
Valuation: $1.8B
Lead: Greenoaks
Investors
Firms
Individual Investors
Investor & Author
Co-Founder & CEO, Stripe
Co-Founder & President, Stripe
Press & News
Watershed Announces $100M in New Funding as Corporate Climate Action Accelerates
Climate software startup Watershed clinches $100M in funding
This $1.8 billion startup tracks carbon for FedEx, General Mills and Walmart
Watershed: 2024 CNBC Disruptor 50
Watershed: Climate Awakenings at Scale