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Scoop: Carbon could raise up to $300 million for 3D printing

3D printing startup Carbon is seeking to raise up to $300 million in Series E funding, PitchBook has learned.

3D printing startup Carbon is seeking to raise up to $300 million in Series E funding, PitchBook has learned. The funding could value the company at up to $2.5 billion, per a PitchBook estimate, up from a $1.7 billion valuation the company attained with its prior round of VC backing.

Final terms and details of the financing have not been announced and are subject to change. The company did not immediately respond to request for comment.

Founded in 2013, Carbon is a Bay Area business that manufactures 3D printers, develops related technology and makes other hardware and software for the 3D printing industry. The company is perhaps best known for pioneering Digital Light Synthesis technology as a successor to the traditional 3D printing process. Digital Light Synthesis uses light and heat to allow high-volume 3D printing that’s pitched as more consistently uniform and durable than traditional techniques; Adidas has used the process to create its Futurecraft 4D shoe line.

The company has already brought in over $400 million in prior backing from a list of investors that includes Sequoia, GV, Northgate Capital and Nikon. Here’s a recap of Carbon’s previous funding rounds:

March 2014: $11 million Series A at a $29 million valuation
August 2014: $31 million Series B at a $212.5 million valuation
September 2016: $181 million Series C at a $1.1 billion valuation
February 2018: $200 million Series D at a $1.7 billion valuation

Featured image via kynny/iStock/Getty Images Plus

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    Written by Ian Agar

    Ian Agar was a financial writer at PitchBook covering venture capital.

    A native of Southern California, he joined the US Coast Guard and received his BA in Psychology from American Military University. After leaving the military, he was a writer for SeekingAlpha for over six years covering blue-chip stocks and fast-growing small-cap companies. Although studying charts and financial reports excite him, his wife is his real passion in life—especially when they both spend time studying charts and financial reports together.

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