Sustainability administration software program supplier Persefoni introduced at the moment that it has raised $23 million in a Sequence C funding spherical, as the corporate plans to increase its product choices and options.
Based in 2020, Persefoni affords software program and AI-driven instruments aimed toward enabling firms and monetary establishments to handle their carbon footprint and sustainability reporting, with capabilities together with streamlined carbon footprint calculation, decarbonization technique improvement, and audit-ready disclosures for world requirements equivalent to SB 253, CSRD, ISSB, and CDP.
The brand new financing follows a $50 million spherical in August 2023, and brings the entire capital raised by the corporate to $179 million. In line with Persefoni CEO and Co-Founder Kentaro Kawamori, the brand new financing is predicted to hold the corporate by means of to profitability, anticipated as quickly because the second half of 2025.
Kawamori mentioned:
“Since our final funding announcement virtually 18 months in the past, we’ve continued to innovate at a breakneck tempo. Persefoni Professional, our free, self-guided providing designed for SMBs, the center of enterprise provide chains, launched in March 2024 and has seen greater than 6,000 natural sign-ups since, vastly outpacing our projections.”
Kawamori mentioned that the corporate is continuous to increase its AI choices, together with the launch of sensible emission issue matching capabilities and the continuing scaling of its Local weather Administration & Accounting Platform (CMAP) providing, PersefoniGPT.
Kawamori added:
“Going ahead, you possibly can count on much more AI innovation from Persefoni, as now we have achieved latest mannequin breakthroughs in power and utility invoice administration, in addition to bodily threat modeling. We anticipate that each of those important time and cost-saving developments will end in commercially out there merchandise in 2025.”
Persefoni mentioned that additionally it is anticipating to launch a devoted Product Carbon Footprint/LCA functionality, additional enhancements to audit and controls capabilities, and a bespoke, self-serve analytics builder in 2025.
The funding spherical noticed participation by each new and current traders, together with a number one European luxurious style home, TPG Rise, Rice Funding Group, Clearvision Ventures, NGP Power Expertise Companions, and Prelude Ventures, in addition to Kawamori.
