Funding round
Carbon Series C
Carbon, which works in 3D printing hardware manufacturing in Redwood City, raised $81M in a Series C round announced on 1 Sep 2016, led by BMW i Ventures and GE Ventures, at a $1.00B post-money valuation. 7 firms took part, with 2 individual investors. It is Carbon's third venture round on record; the one before was a Growth in Aug 2015.
$81M
Amount raised
$1.00B
Post-money valuation
$919M pre-money
7
Investors
2 leads
8.1%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Carbon at $1.00B after the new money. The $81M bought investors about 8.1% of the company. It came 13 months after Carbon's Growth. It is 11% of the $712M Carbon has raised in the venture rounds on record. Carbon raised again 15 months later: a Series D round of $200M in Dec 2017, at $1.70B post-money.
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 this round 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 13 Nov 2025, led by Sequoia Capital $60M
Investors
Who put money in
BMW i Ventures and GE Ventures led the round with 5 other firms.
Lead investors
- backs 50 venture-backed companies new investor
- GE Ventures new investor
Also in the round
- GV backs 428 venture-backed companies new investor
- Sequoia Capital backs 589 venture-backed companies new investor
- Nikon new investor
- JSR new investor
- Menlo Ventures backs 215 venture-backed companies new investor
Individual investors: mike vernal and mitsunobu koshiba.
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing and scaling operations.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
Comparable rounds
How it compares
The closest in time: 1 in Industrial Machinery & Supplies, then Series C rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Industrial Machinery & Supplies | 1 Feb 2017 | $10M | not disclosed | Kalaari Capital |
| Online Marketplace | 8 Sep 2016 | $119M | $1.00B | Warburg Pincus |
| Pharmaceutical Products | 26 Sep 2016 | $55M | not disclosed | GP Healthcare Capital |
| Tech Companies | 15 Sep 2016 | $40M | not disclosed | GGV Capital |
| Dairy Products - Farms & Stores | 27 Sep 2016 | $40M | $200M | 301 Inc |
| Farms & Agriculture Production | 21 Sep 2016 | $30M | not disclosed | Catalyst Investors |
| Medical Supply Manufacturers | 8 Sep 2016 | $18M | not disclosed | EQT and Evonik Venture Capital |
| Locksmiths | 16 Sep 2016 | $15M | not disclosed | QuestMark Partners |
Sources
Where this comes from
Reported by 2 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 Series C round?
Carbon raised $81M in its Series C round, announced in Sep 2016.
Who led Carbon's Series C round?
BMW i Ventures and GE Ventures led it, with GV, Sequoia Capital, Nikon, JSR and Menlo Ventures.
What was Carbon's valuation at the Series C round?
$1.00B post-money ($919M pre-money).
Did Carbon raise again after this round?
Yes: a Series D round in Dec 2017 of $200M at $1.70B post-money.