What is Perennial?
Perennial specializes in advanced soil health and carbon measurement solutions, aiming to empower organizations globally to enhance their sustainability practices. The company utilizes cutting-edge digital soil mapping technology to deliver highly accurate, compliance-ready measurement, reporting, and verification (MRV) for agricultural projects. By reducing sampling costs, Perennial offers scalable and cost-efficient solutions for various sectors seeking to implement or optimize carbon markets and sustainability programs. Their core mission is to leverage soil as a critical component in climate change reversal, providing deep insights into soil health and 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 SineWave Ventures, Bloomberg, Microsoft Climate Innovation Fund, and Temasek
Key Investors in Perennial
SineWave Ventures
SineWave Ventures is a premier early-stage venture capital firm focusing on technology investments, particularly in enterprise technologies with applications for both commercial and public sectors. They specialize in data analytics, cybersecurity, and advanced computing solutions.
Bloomberg
Bloomberg Media is a global business news and information organization that connects leaders with news, data, and insights. They operate one of the largest business news organizations globally, producing extensive coverage of markets, politics, technology, finance, and global economic developments.
Microsoft Climate Innovation Fund
Microsoft Climate Innovation Fund is an investment vehicle focused on supporting innovative solutions to address climate change.
What's next for Perennial?
With its recent major strategic investment, Perennial is poised to accelerate its growth and expand its technological capabilities in the burgeoning field of carbon markets and sustainable agriculture. This capital infusion is expected to fuel further innovation in their digital soil mapping and MRV solutions, enabling broader adoption by organizations worldwide. The company's focus on enhancing soil health as a climate solution positions it for significant impact and leadership in the environmental technology sector.
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