Sustainability management software provider Persefoni announced today that it has raised $23 million in a Series C funding round, as the company plans to expand its product offerings and solutions.

Founded in 2020, Persefoni offers software and AI-driven tools aimed at enabling companies and financial institutions to manage their carbon footprint and sustainability reporting, with capabilities including streamlined carbon footprint calculation, decarbonization strategy development, and audit-ready disclosures for global standards such as SB 253, CSRD, ISSB, and CDP.

The new financing follows a $50 million round in August 2023, and brings the total capital raised by the company to $179 million. According to Persefoni CEO and Co-Founder Kentaro Kawamori, the new financing is expected to carry the company through to profitability, anticipated as soon as the second half of 2025.

Kawamori said:

“Since our last funding announcement almost 18 months ago, we’ve continued to innovate at a breakneck pace. Persefoni Pro, our free, self-guided offering designed for SMBs, the heart of enterprise supply chains, launched in March 2024 and has seen more than 6,000 organic sign-ups since, vastly outpacing our projections.”

Kawamori said that the company is continuing to expand its AI offerings, including the launch of smart emission factor matching capabilities and the ongoing scaling of its Climate Management & Accounting Platform (CMAP) offering, PersefoniGPT.

Kawamori added:

“Going forward, you can expect even more AI innovation from Persefoni, as we have achieved recent model breakthroughs in energy and utility bill management, as well as physical risk modeling. We anticipate that both of these significant time and cost-saving advancements will result in commercially available products in 2025.”

Persefoni said that it is also expecting to release a dedicated Product Carbon Footprint/LCA capability, further enhancements to audit and controls capabilities, and a bespoke, self-serve analytics builder in 2025.

The funding round saw participation by 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, as well as Kawamori.