Asuene Inc., the leading climate tech company in Japan, has raised $20 million in total Series B round.
This brings the cumulative total of investments and loans to $23 million since the company’s inception in October 2019.
In this round, a total of $20 million was raised from 14 venture capitals and financial institutions, including Pavilion Capital, an investment company under the Singapore government, and Axiom Asia Private Capital, a leading private equity fund in Asia, as new investors.
In addition, in the second close, Asuene welcomed Salesforce Ventures which is known for investing in leading SaaS companies globally, and Masayuki Mochida from Tybourne Capital Management as new investors.
The procured funds will be used to strengthen the recruitment of talented personnel, expand system functions to improve the usability of measuring carbon emissions throughout the supply chain, and enhance system specifications for the global market.
“Through this financing, we expect to recruit and train human resources, expand system functions, and enhance system specifications for global expansion, with a focus on the cloud service ‘Asuzero,'” said Chee Kong Choun, head of Japan Investments at Pavilion Capital. “We also expect that the initiatives and efforts of Asuene will enhance measuring and managing the progress of programs and plans related to CO2 emissions reduction.”
“Asuene is the leading CO2 and renewable energy platform in Japan and showing very strong growth,” said Chris Loh, managing partner of Axiom Asia. “We strongly believe in the company’s mission, ‘Making a better world for next generations,’ and the importance of building a sustainable world. We have high confidence in the company’s services and are very excited to work together with the highly capable management team through its next phase of growth.”
Asuene will promote decarbonization in all industries, both domestic and international, and create social impact through business growth as a leading climate tech company.
“We are very grateful to all of our existing shareholders for their additional investment in this series B round, and to our new investors who have strengths in B2B SaaS, global finance, ESG, and investments in Asian market,” said Kohei Nishiwada, co-founder CEO of Asuene.