How Much Did Summit Carbon Raise? Headquarters, Funding & Key Investors

Summit Carbon has raised a total of $1.32 billion across two Series C funding rounds, reaching a $1.1 billion valuation as of May 2022. The company secured $1.07 billion in October 2021 led by The Rise Fund, followed by an additional $250 million in March 2022 led by Continental Resources. Founded in 2021 and headquartered in Ames, Iowa, Summit Carbon develops large-scale CO₂ pipeline infrastructure to capture, transport, and store carbon emissions, supporting industrial decarbonization and sustainable energy initiatives across the United States.

How Much Did Summit Carbon Raise? Funding & Key Investors

Summit Carbon has raised significant capital across multiple funding rounds, backed by leading firms such as The Rise Fund and Tiger Infrastructure Partners. The company operates a carbon dioxide pipeline system for storage or utilization, capturing CO₂ from processing facilities, compressing it, and transporting it via pipeline for industrial use or permanent geological storage.

What Is Summit Carbon and What Does It Do?

Summit Carbon, founded in 2021 by Bruce Rastetter, is headquartered in Ames, Iowa. The company specializes in carbon dioxide management, providing infrastructure to transport and store CO₂ safely while addressing potential property impacts through repair commitments.

The platform serves industrial clients by enabling carbon capture, utilization, and storage (CCUS), helping industries reduce their carbon footprint. With a team of 32 employees, Summit Carbon is advancing the deployment of carbon capture technology while ensuring regulatory compliance and operational safety.

How Much Funding Has Summit Carbon Raised?

1. Series C

Amount Raised: $1.07B
Date: October 2021
Lead Investors: The Rise Fund
Motivation: To scale CO₂ pipeline infrastructure and expand industrial utilization capabilities.

2. Series C

Amount Raised: $250M
Date: March 2022
Lead Investors: Continental Resources
Motivation: To accelerate operations, enhance pipeline deployment, and support storage projects.

Total Funding Raised: $1.32 Billion

Current Valuation: $1.1 Billion (as of May 2022)

Latest Funding Date: March 2022

Key Investors

1. The Rise Fund

Details: Global impact investing fund managed by TPG, focusing on sustainable and socially responsible investments.
Investment Focus Areas: Clean energy, sustainability, and infrastructure.
Notable Investments: Enpal GmbH, Altus Power, Outcomes First Group, Acorns..

2. Tiger Infrastructure Partners

Details: Private investment firm specializing in infrastructure and energy projects.
Investment Focus Areas: Energy, transport, and environmental technologies.
Notable Investments: Zenobe Energy, EMED Group, LendInvest, Etix Everywhere..

3. Continental Resources

Details: Major energy company investing strategically in carbon capture and sustainable energy initiatives.
Investment Focus Areas: Oil, gas, renewable energy, and carbon management.
Notable Investments: Summit Carbon Solutions, Ekona, Tower Cloud..

4. John Deere

Details: Global manufacturer of agricultural and industrial equipment investing in sustainable technologies.
Investment Focus Areas: Agriculture, environmental tech, and industrial solutions.
Notable Investments: InnerPlant, HabiTerre, Summit Carbon Solutions..

Where Is Summit Carbon’s Headquarters?

Summit Carbon is headquartered in Ames, Iowa, providing access to a supportive industrial ecosystem and partnerships with energy and agricultural companies.

What’s Next for Summit Carbon?

Summit Carbon is poised for rapid expansion of its CO₂ pipeline infrastructure. With over $1.3 billion in funding and a valuation of $1.1 billion, the company aims to accelerate industrial carbon capture and storage projects.

Future growth will focus on expanding the pipeline network, increasing CO₂ utilization opportunities, and supporting industries in meeting decarbonization targets. As the CCUS market grows, Summit Carbon is well-positioned to attract additional funding and strategic partnerships to scale its operations further.

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