About Summit Carbon Solutions
Summit Carbon Solutions is an Environment company based in Ames (United States) founded in 2021 by Bruce Rastetter. Developer of carbon dioxide capture, transport, and storage services. Summit Carbon Solutions has raised $1.32 billion across 3 funding rounds from investors including John Deere, Continental Resources and The Rise Fund. The company has 45 employees. Summit Carbon Solutions was last valued at $1.1 billion in May 2022. Its chief executive, as recorded, is Lee Blank. Summit Carbon Solutions offers products and services including CO2 Capture Services and Transport and Storage Services. Its focus areas include Environment Tech, Air Pollution Management Tech, Carbon Management and Carbon Capture. Its legal entity is SUMMIT CARBON SOLUTIONS, LLC. Its competitors include Charm Industrial and Carbon America; 2 of its 2 listed competitors have raised funding.
Company details
Summit Carbon Solutions was founded in 2021 in Ames, United States, within the carbon management sector. Carbon dioxide capture, transport, and storage services are provided to ethanol plants, allowing carbon footprint reduction and entry into low-carbon fuel markets. Infrastructure for CO2 handling is constructed in partnership with landowners. Community outreach and stakeholder engagement are pursued to support ethanol production and agricultural operations while enabling economic benefits through secure CO2 sequestration.
- Headquarters Ames, United States
- Employees 45
- Founders Bruce Rastetter
- Stage Unicorn
- SectorsEnvironment
- Email••••••••
- Phone•••• ••••
- Website summitcarbonsolutions.com
- Social LinkedIn X Facebook Instagram
- Legal Name Summit Carbon Solutions, Llc
- Total Equity Funding$1.32B (USD)
in 3 rounds
- Latest Funding Round$250M (USD), Series C
Mar 2022
- InvestorsJohn Deere
& 2 more
- Employee Count45
Products & Services of Summit Carbon Solutions
Summit Carbon Solutions offers a comprehensive portfolio of products and services, including CO2 Capture Services and Transport and Storage Services.
Captures and stores CO2 from ethanol plants to reduce emissions
Transports and securely stores captured CO2 for environmental benefits
Funding Insights of Summit Carbon Solutions
Summit Carbon Solutions has successfully raised a total of $1.32B across 3 strategic funding rounds. The most recent funding activity was a Series C round of $250 million completed in March 2022. 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 $1.32B
- Total Rounds 3
- Last Round Series C — $250M
- Investors Count 3
All 3 funding rounds of Summit Carbon Solutions 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 |
|---|---|---|---|---|---|
| Mar 2022 | $250M | Series C | – | Continental Resources | – |
| Oct 2021 | $1.07B | Series C | – | The Rise Fund | – |
| Jul 2021 | Seed | – | John Deere | – |
| Date | Valuation | Stage |
|---|
Full valuation and stage history of Summit Carbon Solutions
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Last known valuation $1.1B (May 2022). 3 investors in total: 3 institutional.
Investors in Summit Carbon Solutions
Summit Carbon Solutions has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include John Deere, Continental Resources and The Rise Fund.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Sector-agnostic VC investment company investing globally | therisefund.com | San Francisco, United States | ||
Continental Resources is engaged in oil and natural gas production. | clr.com | Oklahoma City, United States | ||
Tractors and mechanized off-highway equipment are manufactured. | 1837 | deere.com | Moline, United States |
Investor details for Summit Carbon Solutions
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People of Summit Carbon Solutions
22 people are tracked at Summit Carbon Solutions (11 in leadership, 11 in team); the tracked headcount is 45.
| Name | Role | Group |
|---|---|---|
Bruce Rastetter | Co-Founder | Leadership |
Lee Blank | CEO | Leadership |
Jeffrey Skaare | Director of Land, Legal and Regulatory Affairs | Leadership |
Wade Boeshans | Executive Vice President | Leadership |
Jake Ketzner | Vice President Of Government Affairs | Leadership |
Joel Gustafson | Vice President of Tax | Leadership |
Brett Tatum | Vice President Of Technology | Leadership |
Alex Lange | Director of Engineering | Leadership |
Jonathan Probst | Chief Commercial Officer | Leadership |
Ben Nelson | Vp, Carbon | Leadership |
Ahmad Abujabal, CPA | Svp, Chief Accounting Officer & Corporate Controller | Leadership |
Elliott Ice | Project Manager | Team |
Jess Vilsack | General Counsel | Team |
Thomas Hodapp | Information Technology Associate | Team |
Jean Datahan | Sequestration Project Engineer | Team |
Rod Dillon | Regulatory Compliance | Team |
Grant Terry | Senior Project Manager | Team |
Kylie Kretz Lange | Senior Project Manager | Team |
Julieta (Padilla) Hansen | Accounting Manager | Team |
Jason Zoller | Environmental Program Manager | Team |
2 more people are available in the full profile.
Complete people profiles for Summit Carbon Solutions
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Timeline of Summit Carbon Solutions
4 dated milestones of Summit Carbon Solutions across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Summit Carbon Solutions is founded.
- Funding First funding round.
- Funding Latest funding round, Series C, of $250.0M.
- Milestone Reaches Unicorn status.
Competitors of Summit Carbon Solutions
Summit Carbon Solutions has 2 listed competitors in our database, 2 of them funded. They include Charm Industrial and Carbon America.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| charmindustrial.com | 2018 | San Francisco, United States | $108M | 92 | Bio-oil-based carbon removal technology is developed from agricultural residues. | |
| carbonamerica.com | 2019 | Arvada, United States | $30.35M | Carbon capture and sequestration solutions are developed and delivered. |
Detailed competitors of Summit Carbon Solutions
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Web traffic of Summit Carbon Solutions
The website of Summit Carbon Solutions (summitcarbonsolutions.com) receives about 1.2K visits a month.
- Monthly visits1.2K
▼ 36.7% vs previous month
Websites whose visitors overlap most with Summit Carbon Solutions. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| ethanolproducer.com | 100% | 29.6K | #885,613 | View details | |
| iowacorn.org | 76% | #1,890,380 | View details |
Top companies in Pollution & Air Quality Systems
3 companies that operate in the same segment as Summit Carbon Solutions (Pollution & Air Quality Systems) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Platform for enterprise sustainability measurement, reporting, and action is provided. | 2019 | San Francisco, California, United States | USD 184.96 M | 647 | ||
Weather intelligence and forecasting solutions are provided for industries. | 2016 | Boston, Massachusetts, United States | USD 425 M | 229 | ||
Carbon dioxide is converted into products via renewable energy technology. | 2015 | Berkeley, California, United States | USD 472.37 M |
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Related news about Summit Carbon Solutions
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Frequently Asked Questions about Summit Carbon Solutions
Summit Carbon Solutions was founded in 2021.
Summit Carbon Solutions is headquartered in Ames, United States. It is registered at Ames, Iowa, United States.
Lee Blank is the CEO of Summit Carbon Solutions, as recorded in our data.
Summit Carbon Solutions is a funded company, having raised a total of $1.32B across 3 funding rounds to date.
Summit Carbon Solutions has 45 employees.
Summit Carbon Solutions was founded in 2021 in Ames, United States, within the carbon management sector. Carbon dioxide capture, transport, and storage services are provided to ethanol plants, allowing carbon footprint reduction and entry into low-carbon fuel markets. Infrastructure for CO2 handling is constructed in partnership with landowners. Community outreach and stakeholder engagement are pursued to support ethanol production and agricultural operations while enabling economic benefits through secure CO2 sequestration.
Summit Carbon Solutions's top competitors include Charm Industrial and Carbon America.
Summit Carbon Solutions offers CO2 Capture Services and Transport and Storage Services.
Summit Carbon Solutions has 3 investors. Key investors include John Deere, Continental Resources, and The Rise Fund.
The valuation of Summit Carbon Solutions is $1.1B as of May 2022.
Summit Carbon Solutions operates through Summit Carbon Solutions, Llc.