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Total amount raised
$743M
Latest funding date
2025-11-12
Location
Carbon has raised funding over 9 rounds, with the latest being a Venture - Series Unknown round involving 6 investors, including Sequoia Capital as a lead investor. The company is backed by a total of 30 investors, with Madrone Capital and Baillie Gifford being among the most recent.
Keep reading to explore the intricacies of Carbon's fundraising journey and the investors backing this innovative platform.
Carbon has raised funding across multiple rounds backed by investors including Sequoia Capital, Silver Lake, Google Ventures, Baillie Gifford, Madrone Capital Partners, adidas, and others.
Keep reading to explore Carbon's complete fundraising journey, key investors, and what's next for this additive manufacturing leader.
What Is Carbon?
Carbon, Inc. is a Redwood City, California-based digital manufacturing company that develops and manufactures 3D printers using its proprietary Continuous Liquid Interface Production (CLIP) technology. Founded in December 2013 by Joseph DeSimone and co-founders, Carbon's platform enables businesses across automotive, consumer, industrial, life sciences, and dental sectors to design, develop, and produce high-performance parts at scale. The company is known for its partnerships with global brands such as adidas, producing lattice-based midsoles, and NFL helmet manufacturers leveraging Carbon's advanced materials.
How Much Funding Has Carbon Raised?
- Series A
- Amount Raised: USD 11,000,000
- Date: December 2013
- Lead Investors: Sequoia Capital
- Participants: Undisclosed
- Series B
- Amount Raised: USD 30,000,000
- Date: March 2015
- Lead Investors: Northgate Capital, Sequoia Capital, Silver Lake Kraftwerk
- Participants: Undisclosed
- Strategic Round (Autodesk Spark Investment Fund)
- Amount Raised: USD 10,000,000
- Date: April 2015
- Lead Investors: Autodesk Spark Investment Fund
- Participants: Autodesk Spark Investment Fund (converted to equity in Series C)
- Series C
- Amount Raised: USD 100,000,000
- Date: August 2015
- Lead Investors: Google Ventures (GV)
- Participants: Yuri Milner, Reinet Fund S.C.A., F.I.S., Sequoia Capital, Silver Lake Kraftwerk, Northgate Capital
- Series C Extension
- Amount Raised: USD 81,000,000
- Date: September 2016
- Lead Investors: GE Ventures, BMW, Nikon, JSR Corporation
- Participants: GE Ventures, BMW, Nikon, JSR Corporation, existing investors
- Series D
- Amount Raised: USD 200,000,000
- Date: December 2017
- Lead Investors: Undisclosed
- Participants: Baillie Gifford, Fidelity Management & Research Company, ARCHINA Capital, Hydra Ventures (adidas), GE Ventures, JSR Corporation, Emerson Elemental, Sequoia Capital, Silver Lake Kraftwerk, Reinet Investments
- Series E
- Amount Raised: USD 260,000,000
- Date: June 2019
- Lead Investors: Madrone Capital Partners, Baillie Gifford
- Participants: Temasek, Arkema, Sequoia Capital, Johnson & Johnson Innovation – JJDC, Fidelity Management & Research Company, adidas Ventures, JSR Corporation
- Secondary Market
- Amount Raised: Undisclosed
- Date: July 2020
- Lead Investors: 40 North Ventures
- Participants: Undisclosed
- Venture Round (Series Unknown)
- Amount Raised: USD 1,350,000
- Date: December 2021
- Lead Investors: Undisclosed
- Participants: Undisclosed
- Venture Round (Series Unknown)
- Amount Raised: USD 60,000,000
- Date: November 2025
- Lead Investors: Sequoia Capital, Silver Lake
- Participants: Sequoia Capital, Silver Lake, adidas, Baillie Gifford, Madrone, Northgate Capital
Total Amount Raised: At least $743,350,000 based on disclosed funding rounds (secondary market round amount undisclosed).
Key Investors
- Sequoia Capital
- Details: One of Carbon's earliest and most consistent backers, Sequoia Capital has participated in every major funding round from Series A through the 2025 Venture Round. Partner Jim Goetz has served on Carbon's board since the beginning.
- Silver Lake
- Details: Silver Lake (via Silver Lake Kraftwerk) is a long-standing investor and co-led the November 2025 $60M round alongside Sequoia Capital.
- Google Ventures (GV)
- Details: Led Carbon's $100M Series C round in August 2015, representing one of the largest 3D printing investments at the time.
- Baillie Gifford
- Details: Scottish investment firm that co-led the Series E alongside Madrone Capital Partners and has continued participating in subsequent rounds including the November 2025 raise.
- Madrone Capital Partners
- Details: Co-led the Series E round with Baillie Gifford in June 2019 and participated in the 2025 funding round.
- adidas
- Details: Strategic partner and investor since the Series D round. adidas uses Carbon's CLIP technology to manufacture lattice-structured midsoles for its Futurecraft 4D sneaker line and continues as an investor in the 2025 round.
- Northgate Capital
- Details: Early investor participating from the Series B and returning as an investor in the 2025 $60M round.
What's Next for Carbon?
Carbon is focused on achieving cash-flow positive operations, leveraging its latest $60M raise to scale manufacturing capacity and cement its position as the additive manufacturing leader. The company continues to expand its partnerships with global brands and deepen adoption of its Digital Manufacturing Cloud platform across automotive, consumer goods, industrial, life sciences, and dental sectors.
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