Offset developer and consultancy South Pole has secured funding from two new minority investors to help maintain its rapid expansion and strengthen its presence in the US and across Asia.
Singaporean government-owned investment company Temasek and the global investment arm of US-based software company Salesforce have committed to minority stake deals, South Pole said in a statement on Wednesday, declining to state the size of the investments or equity shares taken in the privately-held firm.
"Adding new technology-driven investors from Asia and the US is the next logical step to underscore our ambition to democratise climate action," said Renat Heuberger, CEO and co-founder of South Pole. He said the new partnerships will help South Pole expand its global reach by securing new projects and clients in the US and gaining new investor interest in Singapore and the broader Asian market.