Persefoni, a Tempe, Arizona-based leading Climate Management & Accounting Platform (CMAP) for enterprises and financial institutions, announced it has raised $101 million in its Series B financing.
Prelude Ventures and The Rise Fund led the round with first-time participation from 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 including NGP Energy Technology Partners, Sallyport Investments, and strategic angels also returned to participate. The round is the largest in Climate Tech history for a SaaS company.
The Series B investment brings the total capital raised to $114.2 million and will support the company's expansion plans beyond its existing organization across 18 U.S. states and eight countries.
Company: Persefoni AI, Inc.
Raised: $101.0M
Round: Series B
Funding Month: October 2021
Lead Investors: Prelude Ventures and The Rise Fund
Additional Investors: Clearvision Ventures, Parkway Ventures, Bain & Co., EDF Group, Sumitomo Mitsui Banking Corporation (SMBC), Ferrante Group, Alumni Ventures Group, and New Valley Ventures
Company Website: https://www.persefoni.com/
Software Category: Climate Management & Accounting Platform (CMAP)
About the Company: Persefoni is the leading Climate Management & Accounting Platform (CMAP). The company's Software-as-a-Service solutions enable enterprises and financial institutions to meet stakeholder and regulatory climate disclosure requirements with the highest degrees of trust, transparency, and ease. As the ERP of Carbon, the Persefoni platform provides users a single source of carbon truth across their organization, enabling them to manage their carbon transactions and inventory with the same rigor and confidence as their financial transactions.
Source: https://www.prnewswire.com/news-releases/climate-tech-saas-startup-persefoni-announced-101m-in-series-b-and-launch-of-free-carbon-accounting-product-301410581.html