Tempe-based Persefoni, a software firm that helps corporations track their carbon footprint so they can lessen their impact, hopes to become a leading presence in Asia with an expansion to Singapore.
The company said its new entity, Persefoni Singapore Pte. Ltd., will collaborate with Boston-based management consulting firm Bain & Company as part of its Global Sustainability Innovation Center in Singapore.
Persefoni said that through its global employee team it already had a presence in Asia, particularly in Japan. But setting up a presence in Asia will give it a launchpad to serve the entire Asia Pacific region.
Persefoni CEO and co-founder Kentaro Kawamori said Singapore has a strategic advantage in the region for a company like his.
‘Singapore has established itself as the region’s climate hub and has committed policies and resources to make meaningful progress towards fighting climate change. We’re extremely excited to expand Persefoni’s global presence here and build a strong foothold for Asia Pacific.’ Kawamori said in a statement, “Together with our partners, such as Bain & Company, we look forward to bringing the most cutting-edge climate disclosure and carbon management technology to customers in Singapore and beyond.”
Persefoni launched in 2020 with a software-as-a-service platform that helps companies and investors monitor their impact on climate through measurements and analyses of their emissions using operational, financial and supply chain data, allowing them to plan and manage their carbon transactions and find ways to reduce impact.
The company got off to a fast start, raising $3.5 million in seed funding in August 2020 before its platform had rolled out, and then going on to raise $9.7 million more with its series A round closing the following April. Just a few months later, in October 2021, Persefoni raised $101 million in series B funding, marking one of the biggest venture capital investments of the year for a Valley-based company. The company called that the largest funding round in climate-tech SaaS history.
The company had 34 employees in the spring of 2021, and now it has more than 300. It has customers across North America, Europe, the Middle East, Africa and Asia.
