About C3 Industries
C3 Industries is a company based in Ann Arbor (United States) founded in 2016 by Ankur Rungta and Vishal Rungta. C3 Industries has raised $89.95 million across 7 funding rounds from investors including NewLake Capital Partners, MSP Capital and WelCan Capital. The company has 214 employees.
- Headquarter Ann Arbor, United States
- Employees 214
- Founders Ankur Rungta, Vishal Rungta
- SectorsConsumer
- Website c3industries.com
- Social LinkedIn
- Total Equity Funding$89.95M (USD)
in 7 rounds
- Latest Funding Round$5M (USD), Debt – Conventional
Oct 2025
- InvestorsNewLake Capital Partners
& 3 more
- Employee Count214
Funding Insights of C3 Industries
C3 Industries has successfully raised a total of $89.95M across 7 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $5 million completed in October 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $89.95M
- Total Rounds 7
- Last Round Debt – Conventional — $5M
- First Round $16.5M
(Nov 2019)
- Investors Count 4
All 7 funding rounds of C3 Industries with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2025 | $5M | Debt – Conventional | – | – | – |
| May 2024 | $16M | Series B | – | NewLake Capital Partners | – |
| Sep 2023 | $3.3M | Series B | – | – | – |
| Jul 2021 | $25M | Series B | – | MSP Capital | |
| Apr 2021 | $12.5M | Series A | – | – | – |
| Aug 2020 | $16.65M | Series A | – | – | – |
| Nov 2019 | $16.5M | Series A | – | MSP Capital | – |
4 investors in total: 4 institutional.
Investors in C3 Industries
C3 Industries has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include NewLake Capital Partners, MSP Capital and WelCan Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
- | – | welcancap.com | - | |
Investment services are offered by MSP Capital to clients. | 2019 | mspcapital.com | New York, United States | |
Manages a long/short equity hedge fund for strategic investment opportunities. | 2014 | navycapital.com | New York, United States | |
Specialized real estate services are provided to cannabis cultivators. | 2019 | newlake.com | New Canaan, United States |
Investor details for C3 Industries
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of C3 Industries
36 people are tracked at C3 Industries (16 in leadership, 20 in team); the tracked headcount is 214.
| Name | Role | Group |
|---|---|---|
Ankur Rungta | Co-Founder & CEO | Leadership |
Vishal Rungta | Co-Founder | Leadership |
Jason Scherer | Vice President, Sales | Leadership |
Jason Berkenstock | Regional Vice President, Ct, Il, And MI | Leadership |
Jonathon Pelzner | National Sales Operations Director | Leadership |
Andrew Bodkin | Director Of Operations | Leadership |
Valay Shah | Chief Financial Officer | Leadership |
Lynn Martin, CPA | Vice President Of Accounting | Leadership |
Parks McMillan | Vice President of Cultivation | Leadership |
George Boueri | Michigan Director of Operations | Leadership |
Joe Delude | Director Of Operations | Leadership |
Kyle Teevens | Director of Retail Operations | Leadership |
Jeff Stumbaugh | Director of Operations | Leadership |
John Hanna | Vice President Of Technology | Leadership |
Alex Allouche | Vice President Of Business Development & Corporate Strategy | Leadership |
Adam Fayyad | General Manager | Leadership |
Ashlyn Marshall | Sales Associate | Team |
Ian Gross | General Counsel | Team |
Andrea Petzold | Staff Accountant | Team |
Kelly Gorgas McCormac | National Field Marketing Manager | Team |
16 more people are available in the full profile.
Complete people profiles for C3 Industries
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of C3 Industries
3 dated milestones of C3 Industries across 9 years, from founding to its latest funding, stage changes and deals.
- Founded C3 Industries is founded.
- Funding First funding round of $16.5M.
- Funding Latest funding round, Debt – Conventional, of $5.0M.
Web traffic of C3 Industries
The website of C3 Industries (c3industries.com) receives about 5.6K visits a month.
- Monthly visits5.6K
▼ 30.1% vs previous month
Latest news on C3 Industries
Complete news archive for C3 Industries
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to C3 Industries
10 companies that operate in the same segment as C3 Industries (Cannabis Platforms & Ecosystem Services), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cannabis is cultivated, processed, and retailed by PharmaCann vertically. | 2014 | Oak Park, Illinois, United States | USD 218.7 M | – | 979 | |
Consumer lawn and garden products and services are provided. | 1868 | Columbus, Ohio, United States | – | USD 3.41 B | 5,300 | |
Provider of cannabis dispensaries, cultivators, CPG brands, and services | – | Denver, Colorado, United States | – | USD 172.45 M | – | |
Provider of cannabis based medical and consumer products | 2016 | New York, New York, United States | USD 13.78 M | USD 17.42 M | – | |
Offers medical & wellness cannabis products sourcing and processing services | 2021 | London, England, United Kingdom | USD 5.32 M | USD 258.08 K | 168 | |
Cannabis extracts and white label solutions are provided globally. | 2016 | United States | USD 13.56 M | – | – | |
Cannabis products are produced, cultivated, branded, and processed. | 2017 | New York, New York, United States | – | – | 2,198 | |
Developer of water-soluble cannabinoid extraction technologies | 2018 | Los Alamos, New Mexico, United States | USD 47.59 M | – | – | |
Medicinal cannabis is produced by Blueberries Medical in Colombia. | 2013 | Bogota, Bogota, Colombia | – | USD 228.08 K | – | |
Enzymatic bioconversions are designed for cannabinoid product synthesis. | 2014 | Monrovia, California, United States | – | – | 16 |
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Frequently Asked Questions about C3 Industries
C3 Industries was founded in 2016 and raised its 1st funding round 3 years after it was founded.
C3 Industries is headquartered in Ann Arbor, United States. It is registered at Ann Arbor, Michigan, United States.
Ankur Rungta is the current CEO of C3 Industries. They have also founded this company.
C3 Industries is a funded company, having raised a total of $89.95M across 7 funding rounds to date. The company's 1st funding round was a Series A of $16.5M, raised on Nov 2019.
C3 Industries has 214 employees.
C3 Industries, founded in 2016 in Ann Arbor, United States, focuses on providing healthcare solutions, and cannabis services. Manufacturer of legal medical recreational cannabis products. The company is dedicated to excellence, innovation, and customer satisfaction, ensuring sustainable practices and long-term success in its sectors.
C3 Industries has 4 investors. Key investors include NewLake Capital Partners, MSP Capital, WelCan Capital, and Navy Capital.