# Chestnut Carbon funding: rounds and investors > Chestnut Carbon has raised $250M across 2 rounds since 2025. Investors include CPP Investments, JP Morgan and Bank of Montreal (BMO). Source: https://millionrounds.com/company/chestnut-carbon (Millionrounds; every figure on the page links to its filing or article) United States · [Series B startup](https://millionrounds.com/companies) # Who invested in *Chestnut Carbon* 2 rounds we have observed, with the 6 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it. Follow Chestnut Carbon and see its new rounds in your feed. [Sign up free](https://millionrounds.com/login?join=1&why=follow&next=%2Fcompany%2Fchestnut-carbon) Cleantech Climate Tech Funding summary Updated 27 Oct 2026 **$250M** raised across 2 rounds since 2025, from 2 sources **$160M** Series B **$90M** Series B - **Latest round:** Series B, $90M Sept 2025 - **Led by:** CPP Investments - **Biggest round:** $160M Series B · Feb 2025 - **Investors:** 6 (1 led) See who backed them ## The funding story Each circle is a round, placed by date and sized by amount. The line above is the running total. 2026 **$160M** Series B **$90M** Series B - **First round:** Series B, $160M - **Biggest round:** $160M - **Between rounds:** 7 months ## The rounds - **Sept 2025** Series B **$90M** *2 new* *1 returning* [CPP Investments](https://millionrounds.com/fund/cpp-investments) Lead [JP Morgan](https://millionrounds.com/fund/jpmorgan) [Bank of Montreal (BMO)](https://millionrounds.com/fund/bmo-financial-group) Reported by AlleyWatch - **Feb 2025** Series B **$160M** *4 new* [CPP Investments](https://millionrounds.com/fund/cpp-investments) [DBL Partners](https://millionrounds.com/fund/dbl-partners) [Cloverlay](https://millionrounds.com/fund/cloverlay) [Kimmeridge](https://millionrounds.com/fund/kimmeridge) Reported by AlleyWatch ## Founders and team From Chestnut Carbon's own website: 10 on the team. - **Ben Dell** Chief Executive Officer - **Jordan Golinkoff** Senior Vice President, Product and Data - **Brian DiMarino** Chief Operating and Chief Commercial Officer - **Greg Adams** Chief Financial Officer - **Jesse W. Mosier** General Counsel and Chief Compliance Officer - **Sarah Ford** Chief Forestry Officer - **Chris Hanson** Board Director - **Henry Makansi** Board Director - **Nancy Pfund** Board Director - **Neda Jafar** Board Director ## Who was in which round The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led. **Series B** 2025 **Series B** 2025 [CPP Investments](https://millionrounds.com/fund/cpp-investments) L [JP Morgan](https://millionrounds.com/fund/jpmorgan) [Bank of Montreal (BMO)](https://millionrounds.com/fund/bmo-financial-group) [DBL Partners](https://millionrounds.com/fund/dbl-partners) [Cloverlay](https://millionrounds.com/fund/cloverlay) [Kimmeridge](https://millionrounds.com/fund/kimmeridge) ## Everyone who backed them [CPP Investments](https://millionrounds.com/fund/cpp-investments) Growth equity **2** rounds, led 1 [JP Morgan](https://millionrounds.com/fund/jpmorgan) Investment bank **1** round [Bank of Montreal (BMO)](https://millionrounds.com/fund/bmo-financial-group) Corporate VC **1** round [DBL Partners](https://millionrounds.com/fund/dbl-partners) VC firm **1** round [Cloverlay](https://millionrounds.com/fund/cloverlay) Private equity **1** round [Kimmeridge](https://millionrounds.com/fund/kimmeridge) Asset manager **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=chestnut-carbon). ## Quick answers about Chestnut Carbon ### Who invested in Chestnut Carbon? Chestnut Carbon's investors include CPP Investments, JP Morgan, Bank of Montreal (BMO), DBL Partners and Cloverlay, and 1 more on record. CPP Investments led its latest round. ### How much has Chestnut Carbon raised? Chestnut Carbon has raised $250M across 2 rounds since 2025. ### When did Chestnut Carbon last raise? Chestnut Carbon's most recent round was a Series B of $90M in Sept 2025, led by CPP Investments. ### What was Chestnut Carbon's biggest round? Chestnut Carbon's largest round on record is $160M (Series B), in Feb 2025. ### Who backed Chestnut Carbon first? Chestnut Carbon's first round on record, in Feb 2025, was backed by CPP Investments, DBL Partners and Cloverlay and 1 others. ### What stage is Chestnut Carbon at? Chestnut Carbon's latest named round is a Series B, in Sept 2025. ### Where is Chestnut Carbon based? Chestnut Carbon is based in the United States. ### Who led Chestnut Carbon's rounds? CPP Investments led the Series B in 2025. ## Companies like Chestnut Carbon In the same sector, and raised in the last eighteen months. [**Amogy** $125M · Oct 2026](https://millionrounds.com/company/amogy)[**LanzaJet** $67M · Oct 2026](https://millionrounds.com/company/lanzajet)[**Pivot Energy** $500M · Oct 2026](https://millionrounds.com/company/pivot-energy)[**Pennsylvania American Water** $43M · Oct 2026](https://millionrounds.com/company/pennsylvania-american-water)[**ZwitterCo** $58M · Oct 2026](https://millionrounds.com/company/zwitterco)[**Peak Energy** $163M · Oct 2026](https://millionrounds.com/company/peak-energy) ## Find investors like these Search every investor by what they have actually funded, then narrow to your stage and market. Free. Open the investor searchOr these rounds in the app