# Living Carbon funding: rounds and investors

> Living Carbon has raised $42M across 2 rounds since 2023. Investors include Y Combinator, Felicis and Temasek Holdings. Every round with its source.

Source: https://millionrounds.com/company/living-carbon (Millionrounds; every figure on the page links to its filing or article)

United States · [Venture startup](https://millionrounds.com/companies)

# Who invested in *Living Carbon*

2 rounds we have observed, with the 5 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Biotech

Raised 7 months ago Y Combinator: W20

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Funding summary Updated 27 Oct 2026

**$42M** raised across 2 rounds since 2023, from 2 sources

**$21M** Series A **$21M** Venture

- **Latest round:** Venture, $21M Apr 2026
- **Investors:** 5

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2023 2024 2025 2026

**$21M** Series A

**$21M** Venture

- **First round:** Series A, $21M
- **Biggest round:** $21M
- **Between rounds:** 3.3 years

## The rounds

- **Apr 2026** Venture **$21M** *5 returning* [Y Combinator](https://millionrounds.com/fund/y-combinator) [Felicis](https://millionrounds.com/fund/felicis-ventures) [Temasek Holdings](https://millionrounds.com/fund/temasek) [Lowercarbon Capital](https://millionrounds.com/fund/lowercarbon-capital) [Toyota Ventures](https://millionrounds.com/fund/toyota-ventures) Source recorded
- **Jan 2023** Series A **$21M** *5 new* [Y Combinator](https://millionrounds.com/fund/y-combinator) [Felicis](https://millionrounds.com/fund/felicis-ventures) [Temasek Holdings](https://millionrounds.com/fund/temasek) [Lowercarbon Capital](https://millionrounds.com/fund/lowercarbon-capital) [Toyota Ventures](https://millionrounds.com/fund/toyota-ventures) Source recorded

## Founders and team

From Living Carbon's own website: 1 founder, 18 on the team.

**Li-Wei Chiu** CEO, Co-founder

- **Kevin Kelly** Chief of Staff
- **Yongxian Lu** Chief Science Officer
- **Yumin Tao** Chief Science Officer
- **Karli Rasmussen** VP of Carbon Solutions
- **Michelle Tjahjadi** VP of Carbon Product
- **Alex Crites** Forestry Operations Manager
- **Andy Norris** Associate Research Scientist
- **Athena Creer** Senior Greenhouse Manager
- **Christian Richey** Senior Research Associate
- **Dominick Tucker** Lead Research Scientist
- **Jacob Hoyle** Director of Finance
- **Jonathan Shears** Senior Research Associate
- **Laurel Mills** Lead Research Scientist
- **Maddie Hall** Research Scientist
- **Rahul Misra** Associate Research Scientist
- **Ravi Shah** Finance and Accounting Manager
- **Sara Bierschbach** Supply Chain Senior Manager
- **Timothy Perez** Lead Research Scientist

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Series A** 2023 **Venture** 2026 [Y Combinator](https://millionrounds.com/fund/y-combinator) [Felicis](https://millionrounds.com/fund/felicis-ventures) [Temasek Holdings](https://millionrounds.com/fund/temasek) [Lowercarbon Capital](https://millionrounds.com/fund/lowercarbon-capital) [Toyota Ventures](https://millionrounds.com/fund/toyota-ventures)

## Everyone who backed them

[Y Combinator](https://millionrounds.com/fund/y-combinator) Accelerator **2** rounds

[Felicis](https://millionrounds.com/fund/felicis-ventures) VC firm **2** rounds

[Temasek Holdings](https://millionrounds.com/fund/temasek) VC firm **2** rounds

[Lowercarbon Capital](https://millionrounds.com/fund/lowercarbon-capital) VC firm **2** rounds

[Toyota Ventures](https://millionrounds.com/fund/toyota-ventures) VC firm **2** rounds

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=living-carbon).

## Also claim to have backed them

These 8 firms list Living Carbon as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

[Floodgate](https://millionrounds.com/fund/floodgate) VC firm Per its own site

[Shrug Capital](https://millionrounds.com/fund/shrug-capital) VC firm Per its own site

[Constructor Capital](https://millionrounds.com/fund/constructor-capital) VC firm Per its own site

[Juniper](https://millionrounds.com/fund/juniper) VC firm Per its own site

[Polymath Capital Partners](https://millionrounds.com/fund/polymath) VC firm Per its own site

[C3 Ventures](https://millionrounds.com/fund/c3-ventures) Angel network Per its own site

[Fortius Ventures](https://millionrounds.com/fund/fortius-ventures) VC firm Per its own site

[Darco Capital](https://millionrounds.com/fund/darco-capital) Family office Per its own site

## Quick answers about Living Carbon

### Who invested in Living Carbon?

Living Carbon's investors include Y Combinator, Felicis, Temasek Holdings, Lowercarbon Capital and Toyota Ventures.

### How much has Living Carbon raised?

Living Carbon has raised $42M across 2 rounds since 2023.

### When did Living Carbon last raise?

Living Carbon's most recent round was a Venture of $21M in Apr 2026.

### What was Living Carbon's biggest round?

Its most recent round, $21M in Apr 2026, is also its largest on record.

### Who backed Living Carbon first?

Living Carbon's first round on record, in Jan 2023, was backed by Y Combinator, Felicis and Temasek Holdings and 2 others.

### What stage is Living Carbon at?

Living Carbon's latest named round is a Venture, in Apr 2026.

### Where is Living Carbon based?

Living Carbon is based in the United States.

## Companies like Living Carbon

In the same sector, and raised in the last eighteen months.

[**Star Therapeutics** $325M · Oct 2026](https://millionrounds.com/company/star-therapeutics)[**Promaxo** $106M · Oct 2026](https://millionrounds.com/company/promaxo)[**Prolific Machines** $105M · Oct 2026](https://millionrounds.com/company/prolific-machines)[**IMIO** $19M · Oct 2026](https://millionrounds.com/company/imio)[**Rejuvenate Bio** $13M · Oct 2026](https://millionrounds.com/company/rejuvenate-bio)[**Clinical Ink** $24M · Oct 2026](https://millionrounds.com/company/clinical-ink)

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