What is Perennial?
Perennial is at the forefront of developing advanced soil health and carbon measurement solutions, empowering organizations globally to enhance their sustainability practices. The company utilizes cutting-edge digital soil mapping technology to deliver compliance-ready Measurement, Reporting, and Verification (MRV) for agricultural projects. This innovative approach ensures high accuracy while substantially reducing sampling costs, making it a scalable and cost-efficient solution for various sectors aiming to implement or optimize carbon markets and sustainability programs. Perennial's core mission is to champion soil as a critical element in climate change reversal, providing deep insights into soil health and its carbon sequestration potential.
How much funding has Perennial raised?
Perennial has raised a total of $18M across 1 funding round:
Series A
$18M
Series A (2022): $18M with participation from Microsoft Climate Innovation Fund, SineWave Ventures, Temasek, and Bloomberg
Key Investors in Perennial
Microsoft Climate Innovation Fund
Undisclosed investor participating in the funding round.
SineWave Ventures
SineWave Ventures is a premier early-stage venture capital firm that focuses on technology investments, bridging the gap between Silicon Valley and Capitol Hill. The firm specializes in investing in enterprise technologies with applications for both commercial and public sectors, emphasizing data analytics, cybersecurity, and advanced computing solutions.
Temasek
Founded in 1974, Temasek is a global investment company headquartered in Singapore. We are a generational investor, seeking to make a difference always with tomorrow in mind.
What's next for Perennial?
The substantial enterprise-level funding, particularly the recent strategic investment, positions Perennial for accelerated growth and market expansion. This capital infusion is expected to fuel further development of their MRV technology, enhance their global reach, and solidify their position as a leader in soil health and carbon accounting. The company is poised to capitalize on the increasing demand for verifiable carbon reduction strategies and sustainable agricultural practices, driving innovation in climate tech.
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