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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 14 active competitors, including 3 that are funded. Its top competitors include companies like Twelve, Oxylus Energy and Breathe.

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
44 as on Mar 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 44 employees as of Mar 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 Twelve, Oxylus Energy and Breathe. 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 Twelve
Twelve
2015, Berkeley (United States), Series C
Developer of carbon transformation technology producing fuels and feedstock products
$472M
66/100
2nd
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
3rd
Logo for Oxylus Energy
Oxylus Energy
2023, New Haven (United States), Seed
Technology solution to convert CO2 into fuel
$4.5M
36/100
4th
Logo for Breathe
Breathe
2016, Bengaluru (India), Funding Raised
Provider of conversion of CO2 into fuels and chemicals
-
32/100
5th
Logo for Gridthink
Gridthink
2017, Seattle (United States), Funding Raised
Operator of an online platform providing a variety of digital games
-
22/100
6th
Logo for 280 Carbon
280 Carbon
2017, Mumbai (India), Unfunded
Developer of technology converting captured carbon dioxide into ethylene for fuels
-
-
20/100
7th
Logo for Antecy
Antecy
2010, Hoevelaken (Netherlands), Acqui-Hired
Developer of system for capture carbon to convert into liquid fuels using solar energy
-
16/100
8th
Logo for Helix Carbon
Helix Carbon
2024, Cambridge (United States), Unfunded
Developer of carbon capture and conversion system
-
-
16/100
9th
Logo for Separatic
Separatic
2022, Fribourg (Switzerland), Unfunded
Developer of membrane-based gas separation technologies for hydrogen and carbon capture
-
-
16/100
10th
Logo for H2Gp
H2Gp
2019, Dundee (United Kingdom), Unfunded
Developer of technology for decarbonisation and renewable fuel production systems
-
-
16/100
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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

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Media has covered Prometheus for a total of 5 events in the last 1 year, 5 of them have been about company updates.
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