Chestnut Carbon Raises $160M in Series B
Chestnut Carbon has successfully raised $160M in a Series B at a $900M valuation led by J.P. Morgan, CoBank.
Company Overview
Chestnut Carbon is a Climate Tech company headquartered in Philadelphia, PA, founded in 2020 with 80+ employees.
Develops carbon credit projects through afforestation and forest management
Fundraising Details
- Amount Raised: $160M
- Round Type: Series B
- Valuation: $900M
- Date: 2025-02-12
- Investors: J.P. Morgan, CoBank
About Chestnut Carbon
Develops carbon credit projects through afforestation and forest management The company is positioned in the Climate Tech sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: Philadelphia, PA
- Founded: 2020
- Team Size: 80+
- Industry: Climate Tech
What This Means
This funding round demonstrates strong investor confidence in Chestnut Carbon's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The Climate Tech sector continues to attract significant investment as companies innovate to meet evolving market demands. Chestnut Carbon's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $900M valuation marks an important milestone for Chestnut Carbon, positioning the company among notable players in the Climate Tech industry.
Looking Ahead
With this new capital, Chestnut Carbon is well-positioned to execute on its growth strategy and continue building innovative solutions in the Climate Tech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
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This fundraising news was reported on 2025-02-12. For more information about Chestnut Carbon, visit their headquarters at Philadelphia, PA.
