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.
- Website
- prometheusfuels.com
Key Metrics
Founded Year
2018
Location
Santa Cruz, United States
Stage
Series B
Total Funding
$24.1M in 4 rounds
Latest Funding Round
Post Money Valuation
$1.5B as on Sep 24, 2021
Investors
Ranked
6th among 25 active competitors
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:
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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 | - | - | - | - |
View details of Prometheus's funding rounds and investors
Prometheus' founders and board of directors
Founder? Claim ProfileThe founders of Prometheus is Rob McGinnis. Rob McGinnis is the CEO of Prometheus.
Here are the details of Prometheus' key team members:
- Rob McGinnis: Founder & CEO of Prometheus. Contact Info: 1 email address
View details of Prometheus's Founder profiles and Board Members
Prometheus' employee count trend
Prometheus has 41 employees as of Aug 26. Here is Prometheus's employee count trend over the years:
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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:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | LanzaTech 2005, Skokie (United States), Public | Developer of technology converting carbon-rich gases into fuels and chemicals | $869M | 70/100 | |
2nd | Twelve 2015, Berkeley (United States), Series C | Developer of carbon transformation technology producing fuels and feedstock products | $472M | 66/100 | |
3rd | Gevo 2005, Englewood (United States), Public | Manufacturer of renewable fuels chemicals and protein for food production | $69.5M | 62/100 | |
4th | Air Company 2017, Brooklyn (United States), Series B | Developer of carbon conversion technology and sustainable aviation fuel solutions | $108M | 62/100 | |
5th | Metafuels 2019, Langnau Am Albis (Switzerland), Series B | Developer of technology for sustainable aviation fuel production from green methanol | $41M | 61/100 | |
6th | 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 | Syzygy Plasmonics 2018, Houston (United States), Series C | Developer of technology for sustainable aviation fuel, methanol, syngas, and hydrogen | $116M | 58/100 | |
8th | Synhelion 2016, Zurich (Switzerland), Series C | Developer of renewable fuels designed to replace fossil fuels | $41.2M | 57/100 | |
9th | 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 | 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
Media has covered Prometheus for 1 event in last 1 year, It was about company updates.
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Prometheus Announces Revolutionary Synthetic Kerosene Production Path for Cost-Effective Synthesis of SAF and Diesel from Electricity and AirBusiness Wire•Jan 15, 2026•Prometheus
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Prometheus Fuels' first million tons of e-methanol sold out upon launchBiofuels Digest•Apr 30, 2025•Prometheus
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Prometheus Partners with Sabre Cook in 2023 Porsche Carrera Cup North AmericaPrometheus•Mar 13, 2023•Prometheus
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Maersk throws its weight behind unicorn electrofuels companyFreightWaves•Sep 24, 2021•Prometheus, Maersk, Josh Simpson Glass, BMW Group
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