Persefoni raises $101M in Series B Funding


Persefoni, a Tempe AZ-based provider of a Climate Management & Accounting platform, raised $101M in Series B funding.

The round, which brings total capital raised to $114.2m, was led by Prelude Ventures and The Rise Fund with participation from Clearvision Ventures, Parkway Ventures, Bain & Co., EDF Group EDF, Sumitomo Mitsui Banking Corporation, The Ferrante Group, Alumni Ventures Group, and New Valley Ventures, NGP Energy Technology Partners and Sallyport Investments. As part of the financing, Victoria Beasley, General Partner at Prelude Ventures, and Steve Ellis, Co-Managing Partner of The Rise Funds, have joined the Board of Directors.

The company intends to use the funds to accelerate growth and expand operations across 18 U.S. states and eight countries.

Led by Kentaro Kawamori, CEO, Persefoni is a Climate Management & Accounting Platform (CMAP) provider. The company’s Software-as-a-Service solutions enable enterprises and financial institutions to meet stakeholder and regulatory climate disclosure requirements and provide users with a single source of carbon information across their organization, enabling them to manage their carbon transactions and inventory. 

In the corporate sector, the company works with companies across a wide number of industries, including manufacturing, agriculture, energy, apparel, retail, software, and business services.

Persefoni has separately announced two material product releases:

  1. A free tier of its base carbon accounting platform in Q1 2022 that will enable SMB organizations to produce trusted carbon inventories with confidence and simplicity. 
  2. Climate Scenario Modeling. Persefoni has integrated the Science-Based Target Initiatives (SBTi) Temperature Scoring Model to enable users to instantly create 1.5C or 2C implied temperature rise models for their organizations as they chart a path to aligning with Paris Agreement goals.