Charm Industrial aims to reverse climate change by permanently removing carbon dioxide from the atmosphere. Founded in 2018 by former software CEO Peter Reinhardt and expert engineer co-founders Shaun and Kelly Kinetic, Charm has developed a process to convert agricultural waste into bio-oil for underground carbon storage.
To date, Charm has sequestered nearly 6,000 tons of CO2 into depleted oil wells, selling removal services to high-profile customers like Microsoft, Shopify, and Stripe. With over $100 million in funding from top climate investors, Charm plans rapid expansion through a continent-wide fleet of mobile pyrolyzers that can convert farm waste into carbon-negative oil.
As an employee, you would help construct scalable climate solutions alongside pedigreed leadership including Reinhardt, who previously led his startup Segment to a $3 billion exit.
However, risks remain around securing ample low-cost feedstock from farms, public doubts about permanence, unproven long-term storage safety, and difficulties expanding injection capacity. But with customer commitment from procurement leaders, Charm aims to combat emissions both immediately and through an ambitious long-term vision.
2018
Founded
50-100
Employees
Series B
Stage
$500M-$1B
Latest Valuation
$100-200M
Total Funding
Jun 06 2023
Last Fundraise
Why is the rating
Top Previous Employers
![Apple](/_next/image?url=https%3A%2F%2Fprospect-logos.s3.us-west-2.amazonaws.com%2Fprev-company-logos%2Fapple.png&w=64&q=75)
Apple
![Lockheed Martin](/_next/image?url=https%3A%2F%2Fprospect-logos.s3.us-west-2.amazonaws.com%2Fprev-company-logos%2Flockheedmartin.png&w=64&q=75)
Lockheed Martin
![Massachusetts Institute of Technology](/_next/image?url=https%3A%2F%2Fprospect-logos.s3.us-west-2.amazonaws.com%2Fprev-company-logos%2Fmassachusettsinstituteoftechnology.png&w=64&q=75)
Massachusetts Institute of Technology
![Planet](/_next/image?url=https%3A%2F%2Fprospect-logos.s3.us-west-2.amazonaws.com%2Fprev-company-logos%2Fplanet.png&w=64&q=75)
Planet
![Stanford University](/_next/image?url=https%3A%2F%2Fprospect-logos.s3.us-west-2.amazonaws.com%2Fprev-company-logos%2Fstanforduniversity.png&w=64&q=75)
Stanford University