What is Carbon?
Carbon California Company, LLC was established with the objective of acquiring and developing oil and gas producing assets specifically within the Ventura Basin of California. The company actively operates and develops oil and natural gas producing properties, positioning itself as a key player in the regional energy sector. Its operations are focused on extracting and managing valuable hydrocarbon resources.
How much funding has Carbon raised?
Carbon has raised a total of $671.1M across 7 funding rounds:
Series A
$11M
Multiple Rounds
$140.1M
Series D
$200M
Other Financing Round
$260M
Other Financing Round
$60M
Series A (2013): $11M with participation from Steamboat Ventures, Autodesk, Piedmont Capital Partners, and Silver Lake Kraftwerk
Series B (2015): $30M led by Silver Lake Kraftwerk
Private Equity (2015): $10M supported by Spark Investment Fund
Series C (2015): $100.1M featuring Reinet Fund S.C.A, Northgate Capital, Steamboat Ventures, and Google Ventures
Series D (2017): $200M, investors not publicly disclosed
Other Financing Round (2019): $260M with participation from Arkema, JJDC, Inc, Baillie Gifford, JJDC, Fidelity Management & Research Company, Madrone Capital Partners, JSR Corporation, adidas Ventures, Temasek, and Steamboat Ventures
Other Financing Round (2025): $60M led by Sequoia Capital, Northgate, Madrona Venture Group, and Silver Lake
Key Investors in Carbon
Steamboat Ventures
Steamboat Ventures, founded in 2000, focuses on helping young companies become market leaders. They invest in early to growth stage companies within the technology, media, and consumer sectors. The firm is dedicated to creating lasting value in each of its investments.
Silver Lake Kraftwerk
Silver Lake is a global technology investment firm, with approximately $101 billion in combined assets under management and committed capital and a team of professionals based in North America, Europe and Asia.
Google Ventures
GV is a venture capital firm founded in 2001 that invests across multiple stages and sectors. The company focuses on enterprise solutions, life sciences, consumer products, and frontier technology innovations.
What's next for Carbon?
The significant capital infusion, characterized as major enterprise-level funding and a strategic investment, suggests Carbon is poised for aggressive expansion and operational enhancement. This backing will likely fuel further exploration, development of existing assets, and potentially strategic acquisitions within the California oil and gas landscape. The company's trajectory points towards solidifying its market position and increasing production capacity.
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