Persefoni AI Inc., a leading provider of sustainability management software, has raised $23 million in a Series C extension funding round. This investment elevates the company’s total funding to $179 million.
The round saw participation from both new and existing investors, including a leading European luxury fashion house, TPG Rise, Rice Investment Group, Clearvision Ventures, NGP Energy Technology Partners, and Prelude Ventures. Notably, Co-Founder and CEO Kentaro Kawamori also contributed to the funding.
Founded in 2020 and headquartered in Mesa, Arizona, Persefoni offers a Climate Management & Accounting Platform (CMAP) that enables companies and financial institutions to measure, manage, and report their carbon footprints.
CEO Kentaro Kawamori emphasized the significance of this funding milestone:
“This latest capital raise is a milestone for Persefoni as we enter our sixth year, and expect it will carry us through to profitability as early as the second half of 2025.”
The company plans to utilize the new funds to accelerate product innovation, particularly in artificial intelligence. Upcoming developments include enhancements to PersefoniGPT, the company’s AI co-pilot for carbon accounting, and the introduction of features such as smart emission factor matching and advancements in energy and utility bill management.
Persefoni also intends to release a dedicated Product Carbon Footprint/Life Cycle Assessment (LCA) capability, further improvements to audit and controls functionalities, and a bespoke, self-serve analytics builder in 2025.
These initiatives underscore Persefoni’s commitment to providing cutting-edge tools that facilitate accurate carbon measurement and reporting, empowering organizations to achieve their sustainability goals effectively.
