Chestnut Carbon valuation, funding and investors
Chestnut Carbon works in nature-based carbon offset project development, based in New York, United States. Founded in 2022, it has about 56 employees.
- Last round
- Series B · $250M · Sep 2025
- Valuation at last round
- $1.79B · implied
- Headcount
- 56 · growing
- Grade
- C
- Founded
- 2022
Chestnut Carbon valuation today
VCMC values Chestnut Carbon at $3.0B today, with a range of $1.3B to $4.5B and a grade of C. The valuation starts from its last funding round, a Series B round in Sep 2025.
Valuation by date (61 rows)
Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.
| Date | Valuation | Range | Predicted in 1 yr | Phase | Headcount | Trend | Grade | Winding-down probability |
|---|---|---|---|---|---|---|---|---|
| 1 Jan 2022 | $20.2M | $7.37M – $55.6M | $22.1M (+9%) | before first round | – | unknown | D | 0% |
| 1 Feb 2022 | $20.4M | $7.42M – $56.0M | $22.3M (+9%) | before first round | – | unknown | D | 0% |
| 1 Mar 2022 | $20.5M | $7.47M – $56.4M | $22.4M (+9%) | before first round | – | unknown | D | 0% |
| 19 Mar 2022 | $1.1B | $730M – $3.4B | $2.2B (+100%) | after a round | – | unknown | C | 0% |
| 1 Apr 2022 | $1.1B | $730M – $3.4B | $2.2B (+95%) | after a round | – | unknown | C | 0% |
| 1 May 2022 | $1.2B | $730M – $3.4B | $2.2B (+84%) | after a round | – | unknown | C | 0% |
| 1 Jun 2022 | $1.3B | $730M – $3.4B | $2.2B (+73%) | after a round | – | unknown | C | 0% |
| 1 Jul 2022 | $1.4B | $730M – $3.4B | $2.2B (+64%) | after a round | – | unknown | C | 0% |
| 1 Aug 2022 | $1.4B | $730M – $3.4B | $2.2B (+55%) | after a round | – | unknown | C | 0% |
| 1 Sep 2022 | $1.5B | $730M – $3.4B | $2.2B (+46%) | after a round | – | unknown | C | 0% |
| 1 Oct 2022 | $1.6B | $730M – $3.4B | $2.2B (+38%) | after a round | – | unknown | C | 0% |
| 1 Nov 2022 | $1.7B | $730M – $3.4B | $2.2B (+30%) | after a round | – | unknown | C | 0% |
| 1 Dec 2022 | $1.8B | $730M – $3.4B | $2.2B (+23%) | after a round | – | unknown | C | 0% |
| 1 Jan 2023 | $1.9B | $730M – $3.4B | $2.2B (+16%) | after a round | – | unknown | C | 0% |
| 1 Feb 2023 | $2.0B | $730M – $3.4B | $2.2B (+9%) | after a round | – | unknown | C | 0% |
| 1 Mar 2023 | $2.2B | $730M – $3.4B | $2.2B (+3%) | after a round | – | unknown | C | 0% |
| 1 Apr 2023 | $2.2B | $714M – $3.4B | $2.2B (0%) | after a round | – | unknown | C | 0% |
| 1 May 2023 | $2.2B | $679M – $3.4B | $2.2B (0%) | after a round | – | unknown | C | 0% |
| 1 Jun 2023 | $2.2B | $646M – $3.4B | $2.2B (0%) | after a round | – | unknown | C | 0% |
| 1 Jul 2023 | $2.2B | $615M – $3.4B | $2.2B (0%) | after a round | – | unknown | C | 0% |
| 1 Aug 2023 | $2.2B | $584M – $3.4B | $2.2B (0%) | after a round | – | unknown | C | 0% |
| 1 Sep 2023 | $2.2B | $555M – $3.4B | $2.2B (0%) | after a round | – | unknown | C | 0% |
| 1 Oct 2023 | $2.2B | $528M – $3.4B | $2.2B (0%) | after a round | 2 | unknown | C | 0% |
| 1 Nov 2023 | $2.2B | $502M – $3.4B | $2.2B (0%) | after a round | 2 | unknown | C | 0% |
| 1 Dec 2023 | $2.2B | $478M – $3.4B | $2.2B (0%) | after a round | 2 | unknown | C | 0% |
| 1 Jan 2024 | $2.2B | $454M – $3.4B | $2.2B (0%) | after a round | 2 | unknown | D | 0% |
| 1 Feb 2024 | $2.2B | $432M – $3.4B | $2.2B (0%) | after a round | 2 | unknown | D | 0% |
| 1 Mar 2024 | $2.2B | $412M – $3.4B | $2.2B (0%) | after a round | 6 | unknown | D | 0% |
| 1 Apr 2024 | $2.2B | $391M – $3.4B | $2.2B (0%) | after a round | 6 | unknown | D | 0% |
| 1 May 2024 | $2.2B | $372M – $3.4B | $2.2B (0%) | after a round | 6 | unknown | D | 0% |
| 1 Jun 2024 | $2.2B | $354M – $3.4B | $2.2B (0%) | after a round | 6 | unknown | D | 0% |
| 1 Jul 2024 | $2.2B | $337M – $3.4B | $2.2B (0%) | after a round | 6 | unknown | D | 0% |
| 1 Aug 2024 | $2.2B | $676M – $3.4B | $2.2B (0%) | after a round | 11 | growing | C | 0% |
| 1 Sep 2024 | $2.2B | $673M – $3.4B | $2.2B (0%) | after a round | 11 | growing | C | 0% |
| 1 Oct 2024 | $2.2B | $670M – $3.4B | $2.2B (0%) | after a round | 11 | growing | C | 0% |
| 1 Nov 2024 | $2.2B | $667M – $3.4B | $2.2B (0%) | after a round | 13 | growing | C | 0% |
| 1 Dec 2024 | $2.2B | $664M – $3.4B | $2.2B (0%) | after a round | 13 | growing | C | 0% |
| 1 Jan 2025 | $2.2B | $660M – $3.4B | $2.2B (0%) | after a round | 13 | growing | C | 0% |
| 1 Feb 2025 | $2.2B | $657M – $3.4B | $2.2B (0%) | after a round | 13 | growing | C | 0% |
| 1 Mar 2025 | $2.2B | $655M – $3.4B | $2.2B (0%) | after a round | 13 | growing | C | 0% |
| 1 Apr 2025 | $2.2B | $652M – $3.4B | $2.2B (0%) | after a round | 13 | growing | C | 0% |
| 1 May 2025 | $2.2B | $638M – $3.4B | $2.2B (0%) | after a round | 13 | growing | C | 0% |
| 1 Jun 2025 | $2.2B | $625M – $3.4B | $2.2B (0%) | after a round | 13 | growing | C | 0% |
| 1 Jul 2025 | $2.2B | $612M – $3.4B | $2.2B (0%) | after a round | 13 | growing | C | 0% |
| 1 Aug 2025 | $2.2B | $599M – $3.4B | $2.2B (0%) | after a round | 30 | growing | C | 0% |
| 1 Sep 2025 | $2.2B | $586M – $3.4B | $2.2B (0%) | after a round | 30 | growing | C | 0% |
| 17 Sep 2025 | $1.8B | $1.2B – $4.1B | $2.7B (+50%) | after a round | 30 | growing | C | 0% |
| 1 Oct 2025 | $1.8B | $1.2B – $4.1B | $2.7B (+48%) | after a round | 35 | growing | C | 0% |
| 1 Nov 2025 | $1.9B | $1.2B – $4.1B | $2.7B (+43%) | after a round | 35 | growing | C | 0% |
| 1 Dec 2025 | $1.9B | $1.2B – $4.1B | $2.7B (+38%) | after a round | 35 | growing | C | 0% |
| 1 Jan 2026 | $2.0B | $1.2B – $4.1B | $2.7B (+33%) | after a round | 35 | growing | C | 0% |
| 1 Feb 2026 | $2.1B | $1.2B – $4.1B | $2.7B (+29%) | after a round | 35 | growing | C | 0% |
| 1 Mar 2026 | $2.2B | $1.3B – $4.5B | $3.0B (+32%) | after a round | 55 | growing | C | 0% |
| 1 Apr 2026 | $2.3B | $1.3B – $4.5B | $3.0B (+26%) | after a round | 55 | growing | C | 0% |
| 1 May 2026 | $2.5B | $1.3B – $4.5B | $3.0B (+21%) | after a round | 57 | growing | C | 0% |
| 1 Jun 2026 | $2.6B | $1.3B – $4.5B | $3.0B (+16%) | after a round | 57 | growing | C | 0% |
| 1 Jul 2026 | $2.7B | $1.3B – $4.5B | $3.0B (+11%) | after a round | 57 | growing | C | 0% |
| 1 Aug 2026 | $2.8B | $1.3B – $4.5B | $3.0B (+7%) | after a round | 57 | growing | C | 0% |
| 1 Sep 2026 | $2.9B | $1.3B – $4.5B | $3.0B (+2%) | after a round | 57 | growing | C | 0% |
| 1 Oct 2026 | $3.0B | $1.3B – $4.5B | $3.0B (0%) | after a round | 56 | growing | C | 0% |
| 24 Oct 2026 | $3.0B | $1.3B – $4.5B | $3.0B (0%) | after a round | 56 | growing | C | 0% |
Key facts about Chestnut Carbon
- Founded
- 2022
- Headquarters
- New York, United States
- Employees
- about 56 +60% in a year
- Total raised
- $450M
- Funding rounds
- 2
- Last round
- Series B Sep 2025
Chestnut Carbon was founded in 2022 by Ben Dell.
Chestnut Carbon funding history
Chestnut Carbon has 2 funding rounds on record, from Mar 2022 to Sep 2025, $450M in total. None disclosed a valuation.
Series B 16 Sep 2025
With Canada Pension Plan Investment Board.
Sources: chestnutcarbon.com, carbonherald.com
$250M
$200M
Chestnut Carbon investors
2 investors have backed Chestnut Carbon; Kimmeridge led at least one round.
- Canada Pension Plan Investment Board
What Chestnut Carbon does
Chestnut Carbon works in environmental engineering services, with 14 recorded offerings and customers in environmental services, carbon trading and forestry.
Chestnut Carbon, LLC is an American company engaged in the development and management of nature-based carbon offset projects, with a focus on restoring and conserving native, biodiverse forests through afforestation and improved forest management. The company operates in 37 states across the United States, serving corporations and landowners interested in accessing the U.S. carbon credit market. Chestnut Carbon also develops proprietary tools and carbon measurement devices, and is a member of the Forest Stewardship Council (FSC).
Description from Veridion's company data.
Products and services
- Nature-Based Carbon Offset Project Development
- Afforestation Project Implementation
- Improved Forest Management Project Implementation
- Carbon Credit Compliance and Voluntary Sales
- Biodiverse Forest Ecosystem Restoration
- Forest Carbon Measurement Device Manufacturing
- Carbon Measurement Technology Development
- Land Management Consulting Services
- Rural Community Sustainability Support Services
- Water Quality and Wildlife Conservation Services
- Sustainable Forestry Project Consulting
- Forest Stewardship Certification Advisory
- Carbon Project Portfolio Management
- Long-Term Ecosystem Resilience Enhancement
Markets
- Environmental Services
- Carbon Trading
- Forestry
Technology
- Patented Carbon Measurement Devices
Certifications
- FSC certified
Business model
- Business-to-Business
- Service Provider
- Enterprise
- Asset Management
Industry codes (NAICS)
- 115310 Support Activities for Forestry 70% match
- 541715 Research and Development in the Physical, Engineering, and Life Sciences (except Nanotechnology and Biotechnology) 30% match
Questions about Chestnut Carbon
What is Chestnut Carbon worth?
Valuation $3.0B (range $1.3B to $4.5B), as of 24 Oct 2026.
Has Chestnut Carbon raised money?
Chestnut Carbon has 2 funding rounds on record, from Mar 2022 to Sep 2025, $450M in total. None disclosed a valuation.
Who has invested in Chestnut Carbon?
Kimmeridge and Canada Pension Plan Investment Board. Lead investors include Kimmeridge.
How many people work at Chestnut Carbon?
About 56, up 60% over the last year. Headcount grew from 2 in Oct 2023 to 56 in Sep 2026.
What does Chestnut Carbon do?
Chestnut Carbon works in environmental engineering services, with 14 recorded offerings and customers in environmental services, carbon trading and forestry. Its main offerings are nature-based carbon offset project development, afforestation project implementation and improved forest management project implementation.
When was Chestnut Carbon founded, and where is it based?
Chestnut Carbon was founded in 2022 and is based in New York, United States. It has about 56 employees, up 60% over the last year.