Cofounded by Rachel Delacour and Nicolas Raspal, Sweep offers companies all the tools they need to reduce their carbon footprint. The company recently completed a new round of Series A funding for €22 million.
An SaaS platform to manage climate programsCofounded with Raphaël Gueller and Yannick Chaze, Montpellier-based Sweep has developed an SaaS platform that provides companies with all the tools they need to manage their climate programs.
Sweep enables them to set up dashboards in order to regularly assess the progression of the CO2 emissions and pursue actions to reduce them.
“We are going to help them reduce their greenhouse gas emissions. This involves measuring their carbon footprint across the entire value chain as precisely and as completely as possible,” explains Rachel Delacour.
“Companies need to be able to manage their carbon footprint reduction on a daily basis, just as they already do to manage their finances. It has become a requirement at this time,” adds Rachel Delacour.
Rachel Delacour, a French Tech figureheadAs an emblematic leader of the French Tech initiative, Rachel Delacour is involved with GIEC (Intergovernmental Panel on Climate Change, IPCC) and its work on rising global temperatures. Climatologists feel that the goal set at the Paris Agreement in 2015 to limit global warming to 1.5°C will be unreachable if energy measures are not taken quickly.
Targeting large companies as a priorityAs large companies are the ones emitting the most greenhouse gasses, Sweep decided to focus its efforts internationally from the outset.
“Regulators are on their way, and they are going to hit hard. Major groups will not have any other option than to make CO2 emissions reduction an important topic for their boards of directors,” explains Rachel Delacour.
A new round of investmentWith its B Corp certification, the company is already working with several major groups, including Questel and Mediawan. After raising €5 million in seed capital in April 2021, the young company has now completed a round of Series A funding for €22 million, led by Balderton Capital. The company’s original investors (New Wave, La Famiglia, and 2050) also contributed to the maximum of their capacity,” recognizes Rachel Delacour.
Sweep, another rising star for Med Vallée.