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Prometheus - About the company

Prometheus is a series B company based in Santa Cruz (United States), founded in 2018 by Rob McGinnis. It operates as a Provider of carbon-neutral fuels made from atmospheric CO2 using renewable energy. Prometheus has raised $24.1M in funding from investors like Y Combinator, BMW i Ventures and Maersk Growth, with a current valuation of $1.5B. The company has 25 active competitors, including 16 funded and 2 that have exited. Its top competitors include companies like LanzaTech, Twelve and Gevo.

Sectors and market segments that Prometheus operate in

Prometheus serves in the Environment Tech, Sustainability Tech market segments.The primary business model of Prometheus are:

Company Details

Provider of carbon-neutral fuels made from atmospheric CO2 using renewable energy. Their technology captures CO2 directly from the air and converts it into gasoline, diesel, and jet fuel. The process uses renewable electricity and advanced electrochemical methods for efficient fuel synthesis. It aims to offer cost-competitive, zero net carbon alternatives to traditional fossil fuels.
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Key Metrics
Founded Year
2018
Location
Santa Cruz, United States
Stage
Series B
Total Funding
$24.1M in 4 rounds
Post Money Valuation
$1.5B as on Sep 24, 2021
Investors
Ranked
Employee Count
41 as on Aug 31, 2026
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Prometheus's funding and investors

Prometheus has raised a total funding of $24.1M over 4 rounds. Its first funding round was on 2019. Its latest funding round was a Series B round on Sep 23, 2021 for an undisclosed amount. 3 investors participated in its latest round. Prometheus has 8 institutional investors.

Here is the list of recent funding rounds of Prometheus:lockFilter this list
Date of Funding
Funding Amount
Round Name
Post-Money Valuation
Revenue Multiple
Lead Investors
Other Investors
Sep 23, 2021
Undisclosed
Series B
$1.5B
-
Jun 09, 2020
$12.5M
Series B
-
-
-
Mar 20, 2020
$11.5M
Series B
-
-
-
-
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Prometheus' founders and board of directors

Founder? Claim Profile
The founders of Prometheus is Rob McGinnis. Rob McGinnis is the CEO of Prometheus.
Here are the details of Prometheus' key team members:

Prometheus' employee count trend

Prometheus has 41 employees as of Aug 26. Here is Prometheus's employee count trend over the years:
Employee count trend for Prometheus
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Prometheus's Competitors and alternates

Top competitors of Prometheus include LanzaTech, Twelve and Gevo. Here is the list of Top 10 competitors of Prometheus, ranked by Tracxn score:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for LanzaTech
LanzaTech
2005, Skokie (United States), Public
Developer of technology converting carbon-rich gases into fuels and chemicals
$869M
70/100
2nd
Logo for Twelve
Twelve
2015, Berkeley (United States), Series C
Developer of carbon transformation technology producing fuels and feedstock products
$472M
66/100
3rd
Logo for Gevo
Gevo
2005, Englewood (United States), Public
Manufacturer of renewable fuels chemicals and protein for food production
$69.5M
62/100
4th
Logo for Air Company
Air Company
2017, Brooklyn (United States), Series B
Developer of carbon conversion technology and sustainable aviation fuel solutions
$108M
62/100
5th
Logo for Metafuels
Metafuels
2019, Langnau Am Albis (Switzerland), Series B
Developer of technology for sustainable aviation fuel production from green methanol
$41M
61/100
6th
Logo for Prometheus
Prometheus
2018, Santa Cruz (United States), Series B
Provider of carbon-neutral fuels made from atmospheric CO2 using renewable energy
$24.1M
61/100
7th
Logo for Syzygy Plasmonics
Syzygy Plasmonics
2018, Houston (United States), Series C
Developer of technology for sustainable aviation fuel, methanol, syngas, and hydrogen
$116M
58/100
8th
Logo for Synhelion
Synhelion
2016, Zurich (Switzerland), Series C
Developer of renewable fuels designed to replace fossil fuels
$41.2M
57/100
9th
Logo for OXCCU
OXCCU
2021, Oxford (United Kingdom), Series B
Developer of sustainable fuels, chemicals, and plastics from CO2. This company converts carbon dioxide and hydrogen into low-carbon intensity products using a proprietary one-step catalytic process. Its technology offers a cost-effective alternative to traditional methods, addressing the need for sustainable hydrocarbon alternatives. The company's offerings include sustainable aviation fuel (SAF) and synthesis gas for various applications, contributing to a more environmentally friendly future. The technology is based on extensive research and development, resulting in a scalable and efficient production process.
$51.2M
56/100
10th
Logo for Chooose
Chooose
2017, Oslo (Norway), Series A
Provider of software for managing sustainable aviation fuel programs
$19M
53/100
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Prometheus's Investments and acquisitions

Prometheus has made no investments or acquisitions yet.

Reports related to Prometheus

Here is the latest report on Prometheus's sector:

News related to Prometheus

lockFilter this list
Media has covered Prometheus for 1 event in last 1 year, It was about company updates.
•
Maersk-backed Prometheus Ready to Launch Sustainable E-fuelsOffshore Energy•Jul 16, 2025•Prometheus
•
Prometheus Fuels achieved significant commercial milestoneBusiness Wire•Jul 11, 2025•Prometheus
•
Prometheus Fuels Reaches Major Commercial MilestoneBusiness Wire•Jul 11, 2025•Prometheus
•
•
Maersk invest in electrofuels start-up companyTransport Intell•Sep 28, 2021•Maersk, Prometheus
•
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