Banyan Infrastructure, a sustainable financing software platform, has announced a $25 million series B funding round, bringing the company's total funding to more than $42 million.
Climate software investor Energize Ventures led the round, with participation from new investors SE Ventures and Elemental Excelerator and existing investors VoLo Earth and Ulu Ventures. Juan Muldoon, partner at Energize, has joined Banyan's board of directors.
Banyan unlocks capital for renewable infrastructure by making sustainable project finance fast, efficient and scalable. Its purpose-built project finance software enables banks, financiers and developers to automate and track complex project finance transactions with a unified risk and data management system. With Banyan, customers can rapidly grow their sustainable infrastructure portfolio and achieve net-zero targets.
“Because standardization is lacking for sustainable technology, risk-averse investors are hesitant to move