3D Printing Venture Deals – Carbon Raises $260 Million
Digital manufacturer and 3D printing poster child Carbon has raised $260 million in a growth round of funding co-led by Madrone Capital Partners and Baillie Gifford, with participation from Sequoia Capital, Adidas Ventures, Johnson & Johnson Innovation (JJDC), Fidelity Management & Research Company, JSR Corporation, Temasek, and Arkema.
Reports emerged back in April that the Redwood City, California-based company was seeking to raise up to $300 million, which we now know was in the ballpark. This round takes Carbon’s total raised to $680 million and follows its $200 million series D raise from 2017, when it claimed a $1.7 billion valuation. Pitchbook estimated earlier this year that Carbon could now be valued at up to $2.5 billion, and we’re told the company has in fact reached a valuation of $2.4 billion with this latest round.