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$2,265.93M Raised in 95 Funding Rounds in the past 7 Days - View All

Funding Round Profile

Charm Industrial

start up
United States - San Francisco, California
  • 06/06/2023
  • Series B
  • $100,000,000

Charm Industrial is working to return the atmosphere to 280 ppm CO₂. We design, build and operate a fleet of mobile fast pyrolyzers that convert ag and forest biomass residues into bio-oil for use in carbon removal and direct-reduced-iron steelmaking.

In 2020 our Chief Scientist and co-founder Shaun Meehan had two breakthroughs (bio-oil intermediate and bio-oil sequestration) that kickstarted the company. Within 10 months we completed our first carbon removal injection and in 2021 we completed more than 5,000 tons of CO₂e removal for customers like Stripe, Shopify and Microsoft.


Related People

Peter ReinhardtFounder

Peter Reinhardt United States - San Francisco, California

At Charm we're working to return the atmosphere to 280 ppm CO₂, by putting oil back underground. We convert farm and forest biomass residues into bio-oil, and inject it deep into underground formations for permanent storage.