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Announced

Completed

Coatue led a $73m Series B round in Sweep.

Financials

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Transaction ValueÂŁ55m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Cross Border

Completed

Private Equity

Venture Capital

Private

Minority

France

Single Bidder

Acquisition

carbon management

Friendly

Environmental / Waste Management

Synopsis

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Coatue led a $73m Series B round in Sweep, a carbon management platform for large enterprises, with participation from Future Shape, Balderton Capital, New Wave, La Famiglia and 2050. "Sweep sits at the key intersection of technology and sustainability. The scale of corporate emissions leaves businesses no choice but to leverage technology to climate-proof their supply chains and prepare for the low-carbon economy. This latest round will serve to scale our platform’s capacity to help more companies build climate-resilient strategies that meet their climate targets quickly and cost-effectively," Rachel Delacour, Sweep CEO.

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