Enterprise Carbon Management Software Attracts Major Growth Capital
Persefoni, a climate fintech company that provides carbon accounting and management software to enterprises and financial institutions, has raised $200 million in Series C funding led by TPG Rise Climate. The investment reflects growing demand for technology that helps organizations measure, report, and reduce their greenhouse gas emissions.
Persefoni’s platform automates the complex process of calculating carbon footprints across organizational value chains, replacing the spreadsheet-based approaches that most companies still rely on. The software integrates with enterprise resource planning systems, financial databases, and supply chain platforms to provide near-real-time emissions data.
Financial Sector Adoption
Banks and asset managers have emerged as key customers for Persefoni, driven by regulatory requirements to assess and disclose the climate risk and carbon intensity of their loan portfolios and investment holdings. The platform enables financial institutions to calculate financed emissions across millions of individual holdings efficiently.
Over 200 financial institutions now use Persefoni’s platform, managing the climate assessment of portfolios with combined assets exceeding $15 trillion. This financial sector adoption has been accelerated by regulatory mandates in the European Union and anticipated requirements in other major jurisdictions.
Growth Plans and Market Opportunity
The funds will support Persefoni’s expansion into Asian and Middle Eastern markets, where regulatory frameworks for climate disclosure are rapidly developing. The company also plans to enhance its platform with AI-powered scenario analysis capabilities that allow organizations to model the financial impact of different decarbonization strategies.
The carbon accounting software market is projected to grow from $12 billion to $30 billion within the next four years, driven by expanding regulatory requirements and growing stakeholder pressure on companies to demonstrate credible progress toward emissions reduction targets.
