About

Founded

2018

Headquarters

San Francisco, California

Industry

Climate

Company Description

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.

Quick Links

Website Jobs

Funding

Total Raised

$103.5 million

Valuation

Undisclosed

Significant Investors

General Catalyst, Lowercarbon Capital, Exor Ventures, Kinnevik, Thrive Capital, Elad Gil

Company Traction

As of June 2023, Charm Industrial has removed 6,200 tons of carbon and has 140,000 tons of deals with JP Morgan Chase and Frontier.

Charm Industrial counts JP Morgan Chase, Frontier, Stripe, Microsoft, Alphabet, and Meta as customers.

Leadership Team

Peter Reinhardt: Co-Founder & CEO of Charm Industrial. Former Co-Founder & CEO of Segment.

Cecilia Pang: Head of People at Charm Industrial. Former Head of Corporate and Business Finance and Strategy at Stripe.

Katie Flannery Holligan: Head of Operations at Charm Industrial. Former Senior Operations Engineer at Carbon Lighthouse.

Tim Thomson: Head of Finance at Charm Industrial. Former SVP of Finance and Operations at Meati.

Edward Young: Head of Research at Charm Industrial. Former Postdoctoral Researcher at Stanford University.

Press

Canary Media (June 19, 2023): Inside Charm Industrial’s multimillion-dollar bid to remove CO2 with plants

FinSMEs (June 6, 2023): Charm Industrial Raises $100M in Series B Financing

CNBC (May 18, 2023): Charm gets $53 million to turn corn leftovers into oil and inject it into abandoned oil and gas wells

Charm Industrial