Temasek backs $260m round for US-based digital manufacturing platform Carbon

Temasek brand logo (from its social media page)

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.

 

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.