Johnson & Johnson Innovation – JJDC, the corporate venturing vehicle for pharmaceutical group Johnson & Johnson, invested in US-based 3D manufacturing technology producer Carbon yesterday as part of its $200m series D round.
Originally known as Carbon 3D, Carbon is developing an alternative to 3D printing that involves a light and oxygen-based process that can construct items from a resin base.
Johnson & Johnson and Carbon have been working together on a process that would apply the latter’s Digital Light Synthesis technology to producing medical equipment including instruments that would be used in orthopaedics surgery.
The company had raised $143m of the series D round as of late last month, according to a regulatory filing. It cited Johnson & Johnson as a new participant in the round but did not disclose its present size.
Industrial and power technology producer General Electric, apparel supplier Adidas and materials producer JSR Corporation are among the series D investors, the first two through respective investment vehicles GE Ventures and Hydra Ventures.
Fidelity Management & Research Company, Archina Capital, Baillie Gifford, Sequoia Capital, Silver Lake Kraftwerk, Reinet Investments and Emerson Collective’s Emerson Elemental unit have also backed the round.
Carbon had raised a total of $365m as of last month, including $10m in April 2015 from design software producer Autodesk’s Spark Investment Fund.
Autodesk, JSR, GE Ventures, internet technology group Alphabet, carmaker BMW, optical technology producer Nikon, payment technology provider FIS, Reinet Fund, Sequoia Capital, Silver Lake, Northgate Capital and individual investor Yuri Milner supplied $181m for a round that closed in September 2016.