• Persefoni, a SaaS platform for businesses and institutional investors to measure carbon footprint, has raised USD 101 million in a Series B funding round led by Prelude Ventures and The Rise Fund. The round was supported by new investors Clearvision Ventures, Parkway Ventures, EDF Pulse Holding, Sumitomo Mitsui Banking Corporation (SMBC), The Ferrante Group, Alumni Ventures Group, and New Valley Ventures. Existing investors NGP Energy Technology Partners and Sallyport Investments also participated.

• The round brings Persefoni’s total funding to USD 114.2 million. The company expects to use the proceeds to expand its operations. As part of the investment round, General Partner at Prelude Ventures Victoria Beasley and Co-Managing Partner of The Rise Funds Steve Ellis have joined Persefoni’s board of directors. 

• Persefoni has also launched its Climate Scenario Modeling Product with SBTi Temperature Rating Methodology and Finance Temperature Scoring & Portfolio Coverage Tool, enabling users to calculate carbon pathways by sector, across various base and target years.

<ul><li> Analyst QuickTake: Persefoni’s latest funding round is the second-largest ever in the climate tech software space after EcoVadis’ USD 200 million private equity round in January 2020. Climate tech software funding has picked up this year , raising nearly USD 320 million year-to-date against USD 271 million in full-year 2020.</ul>