Funding round
Carbon Growth
Reported as "Growth Equity"
Carbon, which works in 3D printing hardware manufacturing in Redwood City, raised $60M in a Growth round announced on 13 Nov 2025, led by Sequoia Capital. 6 firms took part, 6 of them already investors. It is Carbon's sixth venture round on record; the one before was a Series E in Jun 2019.
$60M
Amount raised
Not disclosed
Post-money valuation
6
Investors
1 lead
Valuation
What this round says about the price
Carbon did not disclose a valuation in this round; its last disclosed one was $2.40B at the Series E (Jun 2019). It came 77 months after Carbon's Series E. It is 8.4% of the $712M Carbon has raised in the venture rounds on record. No later venture round is on record for Carbon.
Carbon's funding rounds
Carbon has 6 venture rounds on record. This one is highlighted.
- Series A 1 Dec 2013 $11M
- Growth 1 Aug 2015, led by GV $100M
- Series C 1 Sep 2016, led by BMW i Ventures and GE Ventures $81M$1.00B post-money
- Series D 20 Dec 2017 $200M$1.70B post-money
- Series E 25 Jun 2019, led by Madrone Capital Partners and Baillie Gifford $260M$2.40B post-money
- Growth this round 13 Nov 2025, led by Sequoia Capital $60M
Investors
Who put money in
Sequoia Capital led the round with 5 other firms. Sequoia Capital, Silver Lake, adidas and Baillie Gifford and 2 more had backed Carbon before.
Lead investor
- Sequoia Capital backs 589 venture-backed companies existing investor
Also in the round
- Silver Lake backs 44 venture-backed companies existing investor
- adidas existing investor
- Baillie Gifford existing investor
- Madrone existing investor
- backs 23 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to scaling operations and working capital.
- Scaling operations
- Working capital
Comparable rounds
How it compares
21 Growth rounds in Industrial Machinery & Supplies within a year either side disclosed an amount; the median was $52M, and this round was 1.2 times the median. The closest in time, other companies' Growth rounds in Industrial Machinery & Supplies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Industrial Machinery & Supplies | 5 Dec 2025 | $25M | not disclosed | S2G Investments |
| Industrial Machinery & Supplies | 27 Jan 2026 | $110M | not disclosed | not named |
| Industrial Machinery & Supplies | 21 Aug 2025 | $5.1M | $26M | Fifth Estate Asset Management |
| Industrial Machinery & Supplies | 19 Aug 2025 | $3.5M | not disclosed | Maven Capital Partners |
| Industrial Machinery & Supplies | 16 Mar 2026 | $52M | not disclosed | YZi Labs |
| Industrial Machinery & Supplies | 10 Jul 2025 | $16M | not disclosed | not named |
| Sedron Industrial Machinery & Supplies | 9 Apr 2026 | $500M | not disclosed | Ara Partners |
| Industrial Machinery & Supplies | 23 Apr 2026 | $150M | $1.50B | not named |
Sources
Where this comes from
Reported by 3 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Carbon raise in its Growth round?
Carbon raised $60M in its Growth round, announced in Nov 2025.
Who led Carbon's Growth round?
Sequoia Capital led it, with Silver Lake, adidas, Baillie Gifford, Madrone and Northgate.
What was Carbon's valuation at the Growth round?
It was not disclosed; its last disclosed one was $2.40B at the Series E (Jun 2019).
How does it compare with other Growth rounds in Industrial Machinery & Supplies?
21 Growth rounds in Industrial Machinery & Supplies within a year either side disclosed an amount; the median was $52M, and this round was 1.2 times the median.