Watershed locks in US$100mil Series C funding

FILE PHOTO: U.S. Dollar and Euro banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

NEW YORK: Watershed Technology Inc, a software startup that helps companies track and reduce their greenhouse gas pollution, has closed a US$100mil Series C fundraising.

That brings its valuation to US$1.8bil and reflects the growing pressure around carbon disclosure.