C3 Industries

Ann Arbor, United States Founded: 2016 • Age: 10 yrs
Legal medical and recreational cannabis products are manufactured.
Annual revenue - Latest available
Total funding $90.0M 7 rounds
Employees 214 Tracked headcount
Investors 4 Known backers
Products - Services tracked
Competitors - Brand Intelligence

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 as of December 31, 2022.

  • Headquarter Ann Arbor, United States
  • Employees 214 as on 31 Dec, 2022
  • Founders Ankur Rungta, Vishal Rungta
  • Sectors
    Consumer
  • Phone
    Locked
  • Website
    Locked
  • Social
    Locked
Operational Areas
Consumer → Tobacco, Cannabis & Alternative Products Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    Not available
  • Net Profit
    Not available
  • EBITDA
    Not available
  • Total Equity Funding
    $89.95 M (USD)

    in 7 rounds

  • Latest Funding Round
    $5 M (USD), Debt – Conventional

    Oct 01, 2025

  • Investors
  • Employee Count
    214

    as on Dec 31, 2022

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People of C3 Industries

Headcount 50-200
Employee Profiles 43
Employee Profiles
People
Ashlyn Marshall
Sales Associate
People
Jason Scherer
Vice President, Sales
People
Ian Gross
General Counsel
People
Ankur Rungta
CEO

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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.

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.

All
Venture Fund
Institutional
Investor Description Founded Year Domain Location
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Locked Locked Locked
Investment services are offered by MSP Capital to clients.
Locked Locked Locked
Manages a long/short equity hedge fund for strategic investment opportunities.
Locked Locked Locked
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Investor details for C3 Industries

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Investments & Acquisitions by C3 Industries

Investments
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Investment portfolio details for C3 Industries

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Financial Statements - C3 Industries

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Detailed financials for C3 Industries

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C3 Industries Comparisons

C3 Industries Primary company
Description
Legal medical and recreational cannabis products are manufac...
Location
Ann Arbor, United States
Founded Year
2016
Annual Revenue
Not available
Net Profit
Not available
EBITDA
Not available
Employees
214
As of 2022
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Peer comparison for C3 Industries

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Competitors of C3 Industries

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Detailed competitors of C3 Industries

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Latest news on C3 Industries

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Complete news archive for C3 Industries

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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.

As of Dec 31, 2022, the latest employee count at C3 Industries is 214.

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.

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