Watershed
About
The leading enterprise carbon management and sustainability platform — PE-backed (Sequoia, Kleiner Perkins, Salesforce Ventures). Watershed provides carbon accounting, emissions measurement, and sustainability program management for companies managing their climate commitments and supply chain emissions. Used by Airbnb, DoorDash, Spotify, and hundreds of enterprises tracking Scope 1, 2, and 3 emissions. Deep integrations with financial systems, utility providers, and supply chain data sources fo...
Details
VenSearch Intelligence
Ideal Customer
- Watershed is purpose-built for large enterprises — specifically Fortune 500 and Global 2000 companies with complex, multi-geography operations and high data quality requirements.
- Buyers are typically sustainability teams at companies facing mandatory climate disclosure obligations under CSRD, SEC climate rules, or California SB 253/261.
Key Differentiators
- Watershed's primary differentiators are the depth and auditability of its carbon measurement engine — 500,000+ annually updated emissions factors across 148 countries — and a 100% third-party audit pass rate across its customer footprints.
- It is the only platform to natively connect measurement, regulatory disclosure, supplier engagement, decarbonization scenario modeling, and a clean power/carbon removal marketplace in a single unified product.
Industries Served
- Watershed serves a broad cross-section of enterprise industries with no single vertical specialization.
- Named customers span financial services (BlackRock, Carlyle, Bain Capital, BBVA, four of the top six U.S. banks, six of the top ten private equity firms), retail and consumer goods (Walmart, General Mills, Colgate-Palmolive, YETI, Dr. Martens), technology (Airbnb, Stripe, Spotify, Shopify, FedEx), and professional services (Aon, ISS, Celonis).
Service Coverage
- Watershed operates globally, with offices in San Francisco (HQ), London, New York, Sydney, Paris, Berlin, and Mexico City.
- The platform's emissions database spans 148 countries and 500,000+ emissions factors, and its customers cover every major geographic region.
Partnerships
- Watershed maintains a broad ecosystem of consulting and technology partners.
- Major consulting partners include Deloitte, KPMG, EY, Accenture, Capgemini, and ERM.
Company Size & Ownership
- Watershed was founded in 2019 by Taylor Francis, Avi Itskovich, and Christian Anderson — all former Stripe employees.
- Employee counts vary by source but range from approximately 550–634 as of mid-2026, reflecting significant growth from fewer than 100 at the time of its Series B. The company is valued at $1.8 billion (as of its February 2024 Series C) and has raised $239 million in total funding across multiple rounds.
Compliance & Certifications
- Watershed holds SOC 1 Type II and SOC 2 Type II certifications (audited annually), as well as ISO 27001 (information security) and ISO 27701 (data privacy) certifications awarded by A-LIGN, an ANAB-accredited third-party auditor.
- The platform also maintains a CAIQ v4.0.3 STAR Security Questionnaire and conducts annual penetration testing.
Compiled from public sources by VenSearch · Last researched October 14, 2026
Offerings
2 offeringsCarbon Management Platform
End-to-end carbon accounting and emissions management — measures Scope 1, 2, and 3 greenhouse gas emissions from business activities using GHG Protocol methodology. Automated data integrations with utilities, cloud providers, travel platforms, and supply chain systems reduce manual data collection. Produces audit-ready reports for CDP, TCFD, CSRD, and SEC climate disclosures.
Supply Chain Emissions
Supplier engagement and Scope 3 emissions measurement — sends data requests to suppliers, collects activity data, and calculates upstream and downstream emissions using industry emission factors. Critical for companies with Scope 3 reporting requirements under CSRD and SEC climate rules.
Considering Watershed?
Our team will work with you to determine if Watershed is the right fit for your organization. From research and assessment through procurement negotiation and ongoing vendor management — we handle the entire process at no cost to you.