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Tamasek and Salesforce Ventures led a funding round in South Pole.

Financials

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Transaction Value-
Consideration TypeCash
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EV/EBITDA-
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Private

Acquisition

Venture Capital

Private Equity

Environmental / Waste Management

climate protection

Switzerland

Friendly

Cross Border

Minority

Completed

Single Bidder

Synopsis

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Tamasek, an Singaporean state holding company, and Salesforce Ventures, an investment arm of Salesforce, focused on partnering with the most innovative enterprise technology companies, led a funding round in South Pole, a company which develops and implements comprehensive emission reduction projects. Financial terms were not disclosed. "We don't have much time left to reach net zero emissions. As a global leading climate finance and technology-based company, we are excited to welcome Temasek and Salesforce Ventures as new shareholders. After leading European impact investor Lightrock joined South Pole in early 2021, adding new technology-driven investors from Asia and the US is the next logical step to underscore our ambition to democratize climate action," Renat Heuberger, South Pole CEO and Co-Founder.

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