Prelude Ventures and TPG’s The Rise Fund have raised a $101 million Series B investment for Persefoni.
It is the most significant investment round ever made for a Climate Tech SaaS company.
Persefoni’s is a leader in Software as a Service (Saas) for climate management and accounting. This approach enables companies worldwide to calculate and disclose their global carbon footprint at a fraction of the cost.
Some of the world’s largest private equity funds, banks, insurance companies, pensions, and endowment funds use Persefoni to calculate and disclose their emissions. Persefoni also works across the manufacturing, agriculture, energy, apparel, retail, software, and business services industries.
While there may be other data and software solutions out there – Persefoni’s methodology is consumer-friendly. Their expertise within global standards and regulations has made them a global leader.
“Persefoni is very much mission-aligned with Prelude, where our focus is on enabling a net-zero carbon emissions future,” says Victoria Beasley, Prelude General Partner, and Persefoni board member.
“Ever since our founding in 2013, we have been looking for a solution that meets the needs of enterprises that want to take ownership of their carbon footprint. I’ve evaluated more than two-dozen startups aimed at this problem, but none of them could match the Persefoni team’s conviction, market strategy, and long-term vision.”
Additional funding was raised through Clearvision Ventures, Parkway Ventures, Bain & Co., EDF Group through its corporate venture arm EDF Pulse Holding, Sumitomo Mitsui Banking Corporation (SMBC), The Ferrante Group, Alumni Ventures Group, and New Valley Ventures. Existing investors include NGP Energy Technology Partners, Sallyport Investments, and strategic angels.
“As a global, low-carbon energy leader, our clients rely on us to point them to the best carbon management solutions in the market. The first step to being able to reduce a carbon footprint is to continuously measure and understand it, and there is no better technology than Persefoni’s platform for this purpose in the enterprise segment,” said Julien Villeret, Chief Innovation Officer at EDF Group.
More companies are looking for ways to measure their carbon footprint. In fact, the carbon credit industry has boomed this past year as businesses work to offset their emissions. Many believe this is due to standards set by the Paris Agreement and new COP26 objectives. So, Persefoni’s commitment to transparency can help achieve net-zero goals.
Persefoni plans to expand across 18 states in the US and eight countries.