Charm Industrial is working to produce reliable, cost-competitive hydrogen from biomass.
Humanity uses 65 million metric tons of hydrogen annually for ammonia production, hydrocracking, and other refinery processes. Nearly all of this hydrogen is produced from steam methane reformation, which is reasonably efficient but is responsible for ~1% of all global carbon dioxide emissions. This $130B market is expected to grow to $180B by 2023.
Our approach to producing industrial hydrogen is unique, and allows us to deliver carbon-neutral hydrogen reliably and cost-effectively. To do this we've integrated a specially-chosen biomass crop, tightly coordinated farm operations, and a novel gasification system.
Our engineering team is based in San Francisco.
Location: United States, California, San Francisco
Employees: 1-10
Total raised: $100M
Founded date: 2018
Investors 11
| Date | Name | Website |
| - | Lowercarbo... | lowercarbo... |
| 10.07.2022 | Incite Ven... | incite.org |
| 25.01.2022 | XYZ Ventur... | xyz.vc |
| 13.01.2021 | Plug and P... | plugandpla... |
| - | Systemiq C... | systemiqca... |
| 18.02.2022 | Breyer Cap... | breyercapi... |
| 28.07.2021 | Social Imp... | social-imp... |
| - | PRIME Coal... | primecoali... |
| 20.06.2023 | Kinnevik | kinnevik.c... |
| - | Thomas McI... | tgm.com |
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Funding Rounds 1
| Date | Series | Amount | Investors |
| 06.06.2023 | Series B | $100M | - |
Mentions in press and media 15
| Date | Title | Description |
| 28.12.2023 | The top 20 agtech deals of 2023 | Disclosure: AgFunderNews’ parent company is AgFunder. Agtech deals of 2023 followed much the same trajectory as other tech sectors, with lower valuations and far fewer mega-rounds than seen in the VC heyday of 2021 and early 2022. This year... |
| 07.06.2023 | Самое неожиданное и самое реальное решение проблемы глобального потепления: соль | Глобальное потепление идёт полным ходом, хоть мы и не всегда чувствуем его на себе. Это лето обещает быть самым жарким в известной нам истории. То же самое касается и следующих 5 лет — ООН предупреждает, что это будет самый жаркий пятилетни... |
| 06.06.2023 | Charm Industrial Raises $100M in Series B Financing | Charm Industrial, a San Francisco, CA-based carbon removal technology company, raised $100M in Series B financing. The round was led by General Catalyst with participation from Lowercarbon, Exor Ventures, Kinnevik, Thrive Capital and Elad G... |
| 06.06.2023 | Carbon removal player lands $100M Series B round | Charm Industrial, a carbon removal startup that counts corporate giants among its customers, has closed a $100 million Series B round. Why it matters: It's a big expansion of Charm's resources. Prior fundraising totaled $25 million, a repre... |
| 13.09.2022 | Why We Invested in Patch | Energize Ventures is proud to lead the $55 million Series B investment in Patch, the API-powered digital backbone for carbon markets and other regulated emissions, marking our second investment in carbon market infrastructure. A16z, Coatue,... |
| 07.01.2022 | Peter Reinhardt leaves Twilio to run his carbon mitigation startup | Peter Reinhardt spent the last decade as CEO at Segment helping to build the customer data platform, selling it to Twilio for $3.2 billion along the way. Today, Reinhardt announced he was leaving Twilio to be full-time CEO at Charm Industri... |
| 24.11.2021 | Shopify : Is Eliminating the Climate Impact of Merchant Shipments Over BFCM (opens in new window) | At Shopify, we believe climate change can't be ignored. That's why, for the second year in a row, we're addressing the environmental impact of the global shopping weekend known as Black Friday Cyber Monday (BFCM) by counteracting the carbon... |
| 22.04.2021 | As ExxonMobil asks for handouts, startups get to work on carbon capture and sequestration | Earlier this week, ExxonMobil, a company among the largest producers of greenhouse gas emissions and a longtime leader in the corporate fight against climate change regulations, called for a massive $100 billion project (backed in part by t... |
| 18.11.2020 | Stripe Climate: Online Payment Giant Launches Carbon Removal Purchase Tool | 1 1 Share 3 Mins Read Stripe, one of the biggest online payment processing providers, has just launched a carbon removal purchase tool to allow any internet business running on its platform to contribute funds towards carbon-friendly projec... |
| 29.10.2020 | Stripe запустил новую функцию для бизнеса, позволяющую жертвовать деньги экологическим стартапам с каждой транзакции... | Фото: iStock Сервис электронных платежей Stripe запустил функцию Stripe Climate, с помощью которой клиенты платформы могут направить часть доходов стартапам в области удаления углерода из атмосферы. Stripe переводит пожертвованные деньги пр... |
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