Fenwick Represents Persefoni in $101 Million Series B Financing

Fenwick represented Persefoni, a climate tech management and accounting platform for enterprises and financial institutions, in its $101 million Series B financing. The round was led by Prelude Ventures and TPG’s The Rise Fund with participation from first-time investors Clearvision Ventures, Parkway Ventures, Bain & Co., EDF Group through its venture arm EDF Pulse Holding, Sumitomo Mitsui Banking Corporation (SMBC), The Ferrante Group, Alumni Ventures Group and New Valley Ventures, and existing investors NGP Energy Technology Partners, Sallyport Investments and strategic angels.

Persefoni will use the funds to expand beyond its existing organization across 18 U.S. states and eight countries. More information can be obtained from the company’s announcement.

The Fenwick transaction team was led by corporate partner Dawn Belt and included associates Nikhil Sharma and Anja Kong; and technology transactions partner Joseph Schenck and associate Jefferson Lin.