Total amount raised
$683.4 Millions
Latest funding date
12/1/2021
Location
Carbon has successfully raised significant funding through multiple rounds, with its latest venture round occurring on December 15, 2021. The company is backed by 28 investors, including notable names like SharesPro and 40 North Ventures.
Keep reading to delve into the details of Carbon's funding journey and the investors who believe in the potential of this innovative 3D printing platform.
What Is Carbon?
Carbon, founded in 2013, is a high-tech company based in Redwood City, California. The company specializes in 3D printing and additive manufacturing technologies, offering solutions for industries like automotive, consumer, industrial, life sciences, and dental.
Carbon was founded by Joseph M. DeSimone, Philip DeSimone, and Steve Nelson. The company combines software, hardware, and materials to enable the design, development, and manufacturing of high-performance products.
With a workforce of 251-500 employees, Carbon continues to innovate in the field of 3D printing, helping businesses develop better products and bring them to market faster.
How Much Funding Has Carbon Raised?
- Series A
- Amount Raised: $11M
- Date: December 2013
- Lead Investors: Sequoia Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the company and develop its initial 3D printing technology.
- Series B
- Amount Raised: $30M
- Date: March 2015
- Lead Investors: Northgate Capital, Sequoia Capital, Silver Lake Kraftwerk
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance product development.
- Series C
- Amount Raised: $100M
- Date: August 2015
- Lead Investors: Google Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and improve manufacturing capabilities.
- Series C (Additional)
- Amount Raised: $81M
- Date: September 2016
- Lead Investors: BMW i Ventures, GE Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further enhance technology and expand into new industries.
- Series D
- Amount Raised: $200M
- Date: December 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing growth and high-profile manufacturing partnerships.
- Series E
- Amount Raised: $260M
- Date: June 2019
- Lead Investors: Baillie Gifford, Madrone Capital Partners
- Valuation at Round: $2.4B
- Motivation Behind the Round: To fuel international growth, establish an Advanced Development Facility, and enhance R&D efforts.
- Secondary Market
- Amount Raised: Not publicly disclosed
- Date: January 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity for early investors and employees.
- Secondary Market
- Amount Raised: Not publicly disclosed
- Date: July 2020
- Lead Investors: 40 North Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue scaling operations and technology development.
- Venture Round
- Amount Raised: $1.4M
- Date: December 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing innovation and market expansion.
Total Amount Raised: $683.4M. Current Valuation: $2.4B.
Key Investors
- Sequoia Capital
- Details: Sequoia Capital is a venture capital firm founded in 1972. It has a long history of investing in early-stage companies that have grown into industry leaders.
- Investment Focus Areas: Technology, healthcare, consumer.
- Notable Investments: Apple, Google, WhatsApp.
- Google Ventures
- Details: Google Ventures, also known as GV, is the venture capital arm of Alphabet Inc. It was founded in 2009 and focuses on funding innovative startups.
- Investment Focus Areas: Life sciences, artificial intelligence, robotics.
- Notable Investments: Uber, Slack, Nest.
- Baillie Gifford
- Details: Baillie Gifford is an investment management firm based in Edinburgh, Scotland. It is known for its long-term investment approach.
- Investment Focus Areas: High-growth companies, technology, healthcare.
- Notable Investments: Tesla, Amazon, SpaceX.
- Madrone Capital Partners
- Details: Madrone Capital Partners is a private investment firm founded by Greg Penner, who is also the chairman of Walmart. The firm focuses on growth-stage companies.
- Investment Focus Areas: Technology, consumer goods, healthcare.
- Notable Investments: Walmart, Coupang, Flipkart.
- BMW i Ventures
- Details: BMW i Ventures is the venture capital arm of BMW Group. It invests in high-potential startups that can shape the future of mobility.
- Investment Focus Areas: Mobility, transportation, sustainability.
- Notable Investments: ChargePoint, RideCell, Solid Power.
What's Next for Carbon?
Carbon's future is brimming with opportunities, particularly in high-profile manufacturing partnerships and international expansion. With plans to scale up production for Adidas and enter new markets in Europe and Asia, the company is poised for significant growth. The dental industry also presents a lucrative avenue, especially with the expiration of key patents.
Future fundraising could see Carbon heading towards an IPO, given the substantial interest from venture capitalists. However, challenges such as scaling production and navigating international markets remain. The competitive landscape of 3D printing will require continuous innovation to stay ahead.
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