Singapore’s state investment firm Temasek Holdings has backed a $260-million growth funding round for Carbon, a US-based digital manufacturing platform, according to an announcement.
The fundraising round, led by Madrone Capital Partners and Baillie Gifford, was joined by Arkema and existing investors including Sequoia Capital, Johnson & Johnson Innovation – JJDC, Inc, Fidelity Management & Research Company, Adidas Ventures, and JSR Corporation.
This brings Carbon’s total fundraising to more than $680 million.
The fund raised will be used to expand the company’s R&D efforts, establishing its first advanced development facility, and to fuel international growth and expansion in Europe and Asia.
Additionally, Carbon will use the funds to invest in its ongoing development of recyclable and biocompatible materials and to accelerate the expansion of its software capabilities including Carbon’s Digital Manufacturing Cloud.
Based in Silicon Valley, Carbon brings together innovations in software, hardware, and material science to deliver industry-leading digital manufacturing solutions.
Most recently, Temasek Holdings and global growth equity firm General Atlantic have co-led a $130-million Series E funding round in Blend, a US-based digital lending platform.
Earlier, the Singapore’s state investment firm also backed a $75 million in a Series B financing round in US-based clinical-stage biotechnology company Viela Bio.