Chestnut Carbon

New York, United States Founded: 2022 • Age: 4 yrs
Chestnut Carbon is focused on nature-based carbon removal solutions.

About Chestnut Carbon

Chestnut Carbon is a company based in New York (United States) founded in 2022. It operates as a Direct-to-Consumer (D2C), and Commission-Based. Chestnut Carbon has raised $250 million across 2 funding rounds from investors including CPP Investments, Nancy Pfund and Cloverlay. Chestnut Carbon offers products and services including Afforestation (ARR) Credits and Improved Forest Management (IFM) Credits. Chestnut Carbon operates in a competitive market with competitors including Munters, Camfil, Eureka Forbes, Enersense and CECO, among others.

  • Headquarter New York, United States
  • Sectors
    Transportation, Automotive & Logistics
  • Email
    ***********
  • Phone
    *********
  • Website
    *********
  • Social
    *********
Operational Areas
Transportation, Automotive & Logistics → Aviation Operations & Infrastructure
Key Metrics
  • Annual Revenue
  • Net Profit
  • EBITDA
  • Total Equity Funding
    $250 M (USD)

    in 2 rounds

  • Latest Funding Round
    $90 M (USD), Series B

    Sep 16, 2025

  • Investors
  • Employee Count
    Employee Count
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Products & Services of Chestnut Carbon

Chestnut Carbon offers a comprehensive portfolio of products and services, including Afforestation (ARR) Credits and Improved Forest Management (IFM) Credits. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.

Primary

Carbon credits are generated through restoring marginal lands.

Credits are sourced from conserving at-risk U.S. forests.

People of Chestnut Carbon
Headcount 10-50
Employee Profiles 13
Employee Profiles
People
Eileen McGraw
IT Project Manager
People
Stacy Wegner
Sales Enablement Manager
People
Shannon Smith
Chief Commercial Officer (cco)
People
Alex Butler
Director

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Funding Insights of Chestnut Carbon

Chestnut Carbon has successfully raised a total of $250M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $90 million completed in September 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
  • Total Rounds 2
  • Last Round Series B — $90.0M
  • First Round

    (12 Feb 2025)

  • Investors Count 5
Date Amount Transaction Name Valuation Lead Investors Investors
Sep, 2025 Amount Series B - Chestnut Carbon Valuation

investors

Feb, 2025 Amount Series B - Chestnut Carbon Valuation CPP Investments
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Investors in Chestnut Carbon

Chestnut Carbon has secured backing from 5 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include CPP Investments, Nancy Pfund and Cloverlay. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.

All
Venture Fund
Institutional
Angel
Investor Description Founded Year Domain Location
Cloverlay is focused on managing adjacent private market assets.
Founded Year Domain Location
Kimmeridge is focused on energy sector alternative asset management.
Founded Year Domain Location
Venture capital investments are directed toward multiple sectors.
Founded Year Domain Location
Investor Description Founded Year Domain Location
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by Chestnut Carbon

Investments
Company Name Description Domain Location Founded Year Amount
Bionic investment advisor platform
2016
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - Chestnut Carbon

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Chestnut Carbon Comparisons

Employees
+
Add Comparison
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Competitors of Chestnut Carbon

Chestnut Carbon operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Munters, Camfil, Eureka Forbes, Enersense and CECO, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.

Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Industrial climate control solutions, including dehumidification and cooling, are provided.
domain founded_year HQ Location
Camfil is recognized as a global leader in air filtration solutions.
domain founded_year HQ Location
Consumer durable products are manufactured and distributed by Eureka Forbes.
domain founded_year HQ Location
Lifecycle services are provided for energy, industrial, and telecom infrastructure.
domain founded_year HQ Location
Provider solutions that protect people, the environment, and industrial equipment
domain founded_year HQ Location
Air management services are provided for industrial and environmental needs.
Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Chestnut Carbon

Frequently Asked Questions about Chestnut Carbon

When was Chestnut Carbon founded?

Chestnut Carbon was founded in 2022 and raised its 1st funding round 3 years after it was founded.

Where is Chestnut Carbon located?

Chestnut Carbon is headquartered in New York, United States. It is registered at New York, New York, United States.

Is Chestnut Carbon a funded company?

Chestnut Carbon is a funded company, having raised a total of $250M across 2 funding rounds to date. The company's 1st funding round was a Series B of $160M, raised on Feb 12, 2025.

What does Chestnut Carbon do?

Chestnut Carbon is engaged in developing nature-based carbon removal solutions through afforestation and improved forest management projects across the United States. Operations are centered on restoring marginal lands and conserving at-risk forests, with a commitment to long-term carbon sequestration. The company supports biodiversity, water quality, and rural livelihoods while providing high-quality carbon credits verified by Gold Standard and Verras Verified Carbon Standard. Collaboration with corporations and landowners is emphasized to ensure the success of natural ecosystems and local communities within the U.S. carbon credit market.

Who are the top competitors of Chestnut Carbon?

Chestnut Carbon's top competitors include Munters, Eureka Forbes and Enersense.

What products or services does Chestnut Carbon offer?

Chestnut Carbon offers Afforestation (ARR) Credits and Improved Forest Management (IFM) Credits.

Who are Chestnut Carbon's investors?

Chestnut Carbon has 5 investors. Key investors include CPP Investments, Nancy Pfund, Cloverlay, Kimmeridge, and DBL Partners.

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