Persefoni, a trailblazer in sustainability management software, announced today that it has secured $23 million in Series C funding.
The company, founded in 2020, specializes in AI-driven tools to help businesses manage their carbon footprint and sustainability efforts, claims ESG Today.
The latest investment round includes contributions from a notable European luxury fashion house, TPG Rise, Rice Investment Group, Clearvision Ventures, NGP Energy Technology Partners, and Prelude Ventures, along with Persefoni’s CEO and Co-Founder, Kentaro Kawamori.
Persefoni’s platform offers comprehensive solutions for streamlined carbon footprint calculation, decarbonization strategy development, and audit-ready disclosures aligned with global standards like SB 253, CSRD, ISSB, and CDP. These tools are vital for companies aiming to meet stringent environmental compliance requirements.
The new funding is earmarked for expanding Persefoni’s product range, including the development of new AI functionalities. These enhancements will focus on smart emission factor matching and scaling the Climate Management & Accounting Platform (CMAP), known as PersefoniGPT.
In addition to product development, Persefoni anticipates the introduction of a dedicated Product Carbon Footprint/Life Cycle Assessment (LCA) capability, further enhancements to audit and controls capabilities, and a bespoke, self-serve analytics builder in 2025. These innovations aim to bolster the company’s offerings and drive it towards profitability by the second half of 2025.
CEO Kentaro Kawamori highlighted the rapid growth and innovation at Persefoni, stating, “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 further 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.”
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