When was Chestnut founded?

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

Where is Chestnut located?

Chestnut is headquartered in New York City, United States.

How many employees does Chestnut have?

As of Jun 30, 2026, the latest employee count at Chestnut is 57.

Is Chestnut a funded company?

Chestnut 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 round, raised on Feb 12, 2025.

When was the latest funding round of Chestnut?

Chestnut's latest funding was a $***** Series B round on Sep 16, 2025, with participation from 1 investor.

Where does Chestnut rank among its competitors?

Chestnut ranks 11th amongst 1046 active competitors, of which 73 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Chestnut, which secured $90M in Sep, 2025.

Who are the top competitors of Chestnut?

Chestnut's top competitors include Picarro App, Trane Technologies and Tallgrass. Among them, Chestnut secured the most recent funding round in September, 2025.

Chestnut - 2026 Company Profile, Funding & Competitors

Chestnut is a series B company based in New York City (United States), founded in 2022. It operates as a Provider of carbon removal solutions. Chestnut has raised $250M in funding from CPP Investments. The company has 1046 active competitors, including 73 funded and 180 that have exited. Its top competitors include companies like Picarro App, Trane Technologies and Tallgrass.

Company Details

Website: chestnutcarbon.com
Email ID: *****@chestnutcarbon.com
Phone Number: +1 **********

Key Metrics

Founded Year

2022

Location

New York City, United States

Stage

Series B

Total Funding

$250M in 2 rounds

Latest Funding Round

Series B, Sep 16, 2025, $*****

Investors

CPP Investments & 5 more

Ranked

11^th among 1046 active competitors

Employee Count

57 as on Jun 30, 2026

Similar Companies

Trane Technologies & 590 more

View Chestnut's full profile

Chestnut has raised a total funding of $250M over 2 rounds. Its first funding round was on Feb 12, 2025. Its latest funding round was a Series B round on Sep 16, 2025 for $*****. 1 investor participated in its latest round. Chestnut has 5 institutional investors and 1 angel investor.

Here is the list of recent funding rounds of Chestnut:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Sep 16, 2025	5031505	Series B	5110546	9208183	3373963	5206414
Feb 12, 2025	8074369	Series B	9923664	3436839	CPP Investments	Nancy Pfund & 3 more

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View details of Chestnut's funding rounds and investors

Chestnut's employee count trend

Chestnut has 57 employees as of Jun 26. Here is Chestnut's employee count trend over the years:

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Top competitors of Chestnut include Picarro App, Trane Technologies and Tallgrass. Here is the list of Top 10 competitors of Chestnut, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Picarro App 1997, Santa Clara (United States), Series D	Provider of gas concentration and isotope analyzers using cavity ring-down spectroscopy	$56.5M	Focus Ventures, Corner Ventures & 8 others	70/100
2nd	Trane Technologies 1871, Swords (Ireland), Public	Manufacturer of climate control and refrigeration systems	-	-	66/100
3rd	Tallgrass 2012, Lakewood (United States), Acquired	Provider of safe and reliable energy infrastructure solutions	-	Magnetar, Triangle Peak Partners & 6 others	56/100
4th	CECO 1966, Dallas (United States), Public	Provider solutions that protect people, the environment, and industrial equipment	-	American Century Investments	55/100
5th	Acoem 1996, Limonest (France), Funding Raised	Provider of environmental and industrial monitoring solutions for various applications	-	IDIA Capital Investissement, EVOLEM & 1 others	55/100
6th	Syroco 2018, Marseille (France), Series A	Provider of AI-driven maritime voyage optimization software. This software optimizes energy efficiency, fuel consumption, and carbon emissions for ships using multi-objective weather routing and real-time voyage optimization. A digital twin of the ship is used to compute the most efficient route, providing real-time information to the crew via a user-friendly interface and measuring fuel savings. The platform reduces operational costs and helps meet sustainability goals. It uses advanced mathematical models and machine learning to predict ship performance and refine route and speed profiles.	$12.7M	Alter Equity, Seventure Partners & 5 others	54/100
7th	South Pole 2006, Zurich (Switzerland), Seed	Provider of carbon offset solutions	-	Salesforce Ventures, Temasek & 5 others	54/100
8th	Fuel Tech 1987, Warrenville (United States), Public	Developer of air pollution control technologies	-	-	52/100
9th	Valley Air 1990, United States, Funding Raised	Provider of air management services	-	U.S. Environmental Protection Agency, United States Department of Agriculture ... Read more	51/100
10th	Alliance 2000, Decatur (United States), Acquired	Provider of environmental compliance, air monitoring, and consulting services	-	-	51/100
11th	Chestnut 2022, New York City (United States), Series B	Provider of carbon removal solutions	$250M	Kimmeridge Energy, CPP Investments & 4 others	50/100