The financing was led by Greenoaks, with participation from existing investors including Kleiner Perkins, Sequoia Capital, Elad Gil, Emerson Collective, Galvanize Climate Solutions, Neo, and others. With this new funding, Watershed will continue powering best-in-class climate programs at the world's leading companies, while redoubling its investment in Europe.

Watershed is the enterprise sustainability platform. Companies like Airbnb, Carlyle Group, Everlane, YETI, and BBVA use Watershed to measure, report, and act on their emissions, so they can produce audit-ready carbon footprints that drive real reductions. With embedded climate intelligence from the world's leading climate and policy experts, Watershed is the platform of choice for companies seeking to satisfy regulatory requirements, unlock new business opportunities, and address climate-related risks. Watershed customers also have exclusive access to a marketplace of pre-vetted, high-quality carbon projects and groundbreaking virtual power purchase agreements.