Chestnut Carbon, LLC

Founded in 2021 and based in New York, US, Chestnut Carbon, LLC is a forest conservation and reforestation/afforestation company that develops natural carbon offsets. In September 2025, Chestnut Carbon, LLC raised USD 90 million in series B funding from returning investor CPP Investment Board. With a total offering of USD 250 million. Kyle Holland is the founder and CEO of the company.

In December 2023, Chestnut announced a 15-year carbon offtake agreement with Microsoft, this is an afforestation project certified under the Gold Standard. Chestnut has acquired a total of 21,000 acres for afforestation across four states (up from 8,400 acres in its pilot program). The business has added up to 120 landowners in the Improved Forest Management (IFM) program, spanning nearly 60,000 acres across 23 states. As of 03/2024, the business is in active discussions with landowners on long-term lease models to optimize the business model (i.

e. , move to capital light).   The company's services include reforestation and afforestation, improved forest management, and avoiding conversion. The firm generates forest carbon offsets that are additional, verifiable, and biodiverse to accelerate the path to net-zero across a range of industries.

Chestnut Carbon, LLC help in land conservation and carbon project development. The organization plans to use the March 2022 funding to accelerate the growth of its existing business operations and partnerships while supplying the market with removal credits. Additionally, Phase 2 of the Microsoft agreement is expected to achieve commercial operation date (COD) by end of March 2024. In February 2025, Chestnut Carbon, LLC.

raised USD 160 million in series B funding from Cloverlay Partners, DBL Partners, and CPP Investment Board. In September 2025, Chestnut Carbon, LLC raised USD 90 million in series B funding from returning investor CPP Investment Board. With a total offering of USD 250 million. The company will use the funding to develop and manage its reforestation and afforestation forestry projects for carbon removal credits.