Founded in 2022 with backing from energy-focused asset manager Kimmeridge, Chestnut Carbon designs and operates U.S. afforestation projects that convert marginal cropland and pasture into biodiverse forests. The company produces Gold Standard-verified carbon removal credits that help corporations meet decarbonization and net-zero targets. Chestnut has already purchased more than 60,000 acres across eight southern states for these projects. Its growth strategy includes continued land acquisitions and investment in proprietary data tools and patented systems to refine forest modeling and operational efficiency. Recent financing has positioned Chestnut among the best-funded players in the 2025 voluntary carbon market, with $250 million raised year-to-date. Management emphasizes rigorous quality and permanence standards to serve customers seeking trustworthy offsets.

Total raised

$250M

Funding rounds

2

Latest round

Series B

Latest activity

Sep 2025