Maria Montero

Fast-growing 3D printing business Carbon is raising …

Carbon, the poster boy for 3D printing, has authorized the sale of $ 300 million in Series E shares, according to a Delaware stock file discovered by PitchBook. If Carbon increases the total amount, it could reach a valuation of $ 2.5 billion.

Using its proprietary Digital Light Synthesis technology, the business has brought 3D printing technology to manufacturing, building high-tech sports equipment, a line of custom sneakers for Adidas, and more. It was valued at $ 1.7 billion by venture capitalists with a Series D of $ 200 million in 2018.

Carbon declined to comment on its upcoming fundraising plans.

Carbon, based in Redwood City, is well capitalized. To date, it has raised a total of $ 422 million from investors including Sequoia, GV, Fidelity, General Electric, Hydra Ventures and Adidas Ventures, not including the incoming equity round.