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Therm Solutions

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Carbon credits for food supply chain decarbonization

Lake Forest, United StatesFounded 2021Energy
Valuation $10–25M Last recorded · 2025
Headcount <100 Current team size
Total funding $0–10M Disclosed equity funding
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About Therm Solutions

Therm Solutions, Inc. is a carbon project developer focused on decarbonizing the global food supply chain. Founded in 2021 by CEO Fritz Troller and Vice President John Tinsley, the company develops and scales climate solutions by creating carbon credits that incentivize sustainable practices.

The company's business model centers on generating revenue through the sale of high-integrity carbon credits. It targets super pollutants—highly potent greenhouse gases like refrigerants and methane—which are prevalent in the food industry. Therm operates in voluntary, compliance, and Scope 3 insetting markets, serving clients such as grocers, convenience stores, cold storage facilities, and farmers. Their two main products are Refrigerant Carbon Credits™ (RCCs) and Food Waste Diversion Credits. The RCCs promote the adoption of climate-friendly refrigerants and have received high ratings from BeZero Carbon, including an 'AA' rating that places them in the top 2% of carbon projects globally. The Food Waste Diversion Credits program, listed on Verra's VCS Registry, incentivizes grocery retailers to send surplus edible food to donation centers instead of landfills, simultaneously addressing food insecurity and methane emissions. One such project involves over 1,300 retail locations and is expected to generate more than 112,000 metric tons of CO2 equivalent credits annually.

Therm began by focusing on cooling systems and has since expanded to address the entire food supply chain. The company has issued over 2 million Super Pollutant Carbon Credits across the United States, Canada, and Europe. It secured a $1.75 million seed round in 2021, followed by a $3.6 million Series A round in August 2025 from the same private investors to accelerate global expansion.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2021
Headquarters
Lake Forest, United States
Employees
23
Open positions
None listed
Dealroom signal
79.6/100
Industry
Energy
Sector
Energy, Food Waste, Carbon Tracking & Offset, Climate Fintech
Business model
Manufacturing
Client focus
b2b

Funding history

1 recorded event

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES A✓Equity / VC Aug 2025 $3.6M $14M Undisclosed ↗
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Growth signals

Therm Solutions website traffic

Latest recorded traffic for Therm Solutions is 2.6K monthly website visits, up 52.9% over the last three months. Therm Solutions's team grew 64.3% over the past year.

Latest monthly visits2.6K 3-month web change+52.9% 1-year team growth+64.3%
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Similar companies

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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Team profiled 3 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 3 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
2 countries with
team presence
🇺🇸 United States84.6%
🇨🇦 Canada15.4%
2 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Therm Solutions on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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