Funding round
Carbon Series D
Carbon, which works in 3D printing hardware manufacturing in Redwood City, raised $200M in a Series D round announced on 20 Dec 2017, at a $1.70B post-money valuation. 13 firms took part, 1 of them already investors. It is Carbon's fourth venture round on record; the one before was a Series C in Sep 2016.
$200M
Amount raised
$1.70B
Post-money valuation
$1.50B pre-money
13
Investors
no lead named
1.7x
Step-up from the Series C
$1.00B in Sep 2016
12%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Carbon at $1.70B after the new money, 1.7 times the $1.00B of its Series C (Sep 2016). The $200M bought investors about 12% of the company. It came 15 months after Carbon's Series C. It is 28% of the $712M Carbon has raised in the venture rounds on record. Carbon raised again 18 months later: a Series E round of $260M in Jun 2019, at $2.40B 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 1 Sep 2016, led by BMW i Ventures and GE Ventures $81M$1.00B post-money
- Series D this round 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
13 firms took part; no lead investor was named.
Investors
- Sequoia Capital backs 589 venture-backed companies existing investor
- Fidelity Management & Research Company new investor
- GE Ventures new investor
- Adidas new investor
- new investor
- Silver Lake backs 44 venture-backed companies new investor
- new investor
- Baillie Gifford new investor
- ARCHINA Capital new investor
- JSR Corporation new investor
- Emerson Collective backs 76 venture-backed companies new investor
- Fidelity new investor
- Johnson & Johnson Innovation – JJDC, Inc. new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: Series D rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Indigo Ag Chemicals | 6 Dec 2017 | $203M | not disclosed | Investment Corporation of Dubai |
| Media Companies | 1 Dec 2017 | $177M | not disclosed | Coatue |
| Travel Agencies | 12 Dec 2017 | $133M | not disclosed | General Atlantic and Temasek |
| Cabify Ridesharing | 14 Dec 2017 | $100M | not disclosed | Rakuten and Seaya |
| Payment Processing & Point of Sale | 7 Dec 2017 | $40M | not disclosed | not named |
| Chemicals | 1 Dec 2017 | $14M | not disclosed | not named |
| Telecommunications | 13 Dec 2017 | $5.0M | not disclosed | Rand Capital |
| Katerra Building Material Manufacturers | 24 Jan 2018 | $865M | $3.00B | SoftBank Vision Fund |
Sources
Where this comes from
Reported by 7 sources.
Questions
Frequently asked
How much did Carbon raise in its Series D round?
Carbon raised $200M in its Series D round, announced in Dec 2017.
Which investors took part in Carbon's Series D round?
Sequoia Capital, Fidelity Management & Research Company, GE Ventures, Adidas, Hydra Ventures and Silver Lake and 7 more.
What was Carbon's valuation at the Series D round?
$1.70B post-money ($1.50B pre-money).
Did Carbon raise again after this round?
Yes: a Series E round in Jun 2019 of $260M at $2.40B post-money.