The enterprise platform for climate and sustainability programs
Watershed is an enterprise sustainability platform that pulls data from companies' systems to produce audit-ready carbon footprint reports and meet climate disclosure obligations. It manages roughly one gigatonne of CO2-equivalent across clients including BlackRock, Visa, Walmart, and FedEx.
Climate📍 San Francisco, CAFounded 2019
Current Valuation
$1.8B
as of 2024-02-01
UNICORN
QL Price
$1.5B
-18% vs last round
QuantLogix's current estimate for Watershed, published 2026-09-07 — below the last disclosed round of $1.8B (2024-02-01).
Confidence
medium
Basis
secondary led
What backs this price
Last disclosed round
$1.8B
2024-02-01
weight 0.16
Secondary market print
$1.4B
2026-06-27
weight 0.65
How this price has held up
No round has priced for Watershed since QuantLogix began publishing a price for it, so there is nothing to grade yet. The claim above is on the record from 2026-09-07 and will be graded against the next priced round. See the full accuracy record →
Which publicly-traded funds already hold it, what $10,000 buys, and whether any route is open to you.
Cite this price as QuantLogix QL Price, Watershed, 2026-09-07 (d7ae9d475c3affb2).
The id pins this exact claim, so a citation stays checkable after the price moves.
Model estimate for research — not a quote, target price, or investment advice.
IPO Outlookprivate
Is Watershed going public?
No. Watershed is private and has not filed to go public. There is no S-1 on file.
What is Watershed's valuation in 2026?
Watershed is valued at $1.8B as of 02/01/2024. That is the last confirmed mark, not a live price — private shares do not trade continuously.
Answers are derived from the roster record shown on this page — filing status, last round and confirmed marks. Where the record is silent, the answer says so rather than guessing.
Company Profile
CEO
Taylor Francis
Founded
2019
HQ
San Francisco, CA
Total Raised
$239M
IPO Status
private
Fundraising Status
privateTotal raised $239M
Secondary Market
Implied price / share
$7.55
Last round price / share
$9.76
vs last round
-22.6%
Open interest
1
Last round price vs secondary price
Secondary price return by period
Implied per-share price from private secondary transactions, as of Jun 2026. This is a point estimate, not a quote — the feed carries no bid, ask or spread, and a secondary print is evidence of what someone paid on that date rather than a live market. Compare across every tracked name →
Talent Signal
Hiring trend
▼ Hiring downtrend
0% of roles posted in last 30d
Open roles
8
via greenhouse
Product-build share
75%
engineering, research, product, design
Trajectory
tightening
heavy product build — 75% of open roles are product-building functions (engineering/research/product) — 5 of 8 open roles are engineering.
Open roles trending down; no tracked executive churn.
Counted from Watershed's live job board as of 2026-08-17; role functions classified from posting titles. Open-role counts are an activity signal, not headcount. Refreshed monthly.
Persefoni · Sweep · Sphera · Salesforce Net Zero Cloud · Normative
Climate TechCarbon AccountingESGEnterprise SaaS
Private-company numbers are not real-time. Reflects publicly disclosed valuations from press releases, news reports, and tender offers as of 2024-02-01. Refreshed quarterly.