Carbon Health has raised a total of $622.5 million across multiple funding rounds, with its largest being a $350 million Series D round in July 2021 led by Blackstone Group. Founded in 2015 and headquartered in San Francisco, California, United States, Carbon Health provides tech-enabled healthcare services, including primary, urgent, and virtual care. Backed by investors including CVS Health Ventures, Dragoneer Investment Group, and Brookfield Technology Partners, the company continues to scale its Connective Care model and expand access to modern, accessible healthcare across the United States.
Keep reading to explore Carbon Health’s funding journey, key investors, and what’s next for this innovative healthcare platform.
What Is Carbon Health and What Does It Do?
Founded in 2015 by Caesar Djavaherian, Eren Bali, Greg Burrell, Pablo Stanley, and Tom Berry, Carbon Health is headquartered in San Francisco, California, United States. The company offers tech-enabled healthcare services, including primary care, urgent care, virtual care, mental health services, and women’s health services, all accessible through a mobile app. Its Connective Care model integrates technology with in-person services to deliver a seamless patient experience.
With a workforce of 1,001–5,000 employees, Carbon Health serves patients across the United States, leveraging technology to enhance accessibility, patient engagement, and care quality.
How Much Funding Has Carbon Health Raised?
- Seed Round
- Amount Raised: $3M
- Date: May 2018
- Motivation: To launch initial healthcare services.
- Series B
- Amount Raised: $35M
- Date: June 2019
- Lead Investors: Brookfield Growth
- Motivation: To expand service offerings and scale operations.
- Series B (Additional)
- Amount Raised: $28M
- Date: May 2020
- Lead Investors: DCVC
- Motivation: To enhance technology and expand healthcare services.
- Series C
- Amount Raised: $100M
- Date: November 2020
- Lead Investors: Dragoneer Investment Group
- Motivation: To support the growth and development of healthcare services.
- Series D
- Amount Raised: $350M
- Date: July 2021
- Lead Investors: Blackstone Group
- Motivation: To expand the Connective Care model and improve technology.
- Series D (Additional)
- Amount Raised: $100M
- Date: January 2023
- Lead Investors: CVS Health Ventures
- Motivation: To scale the Connective Care model and invest in technology.
Total Funding Raised: $622.5M
Latest Funding Date: January 2024
Key Investors
- CVS Health Ventures
- Details: Corporate venture capital arm of CVS Health focused on strategic healthcare investments.
- Investment Focus Areas: Healthcare solutions, patient care, health technology
- Notable Investments: Carbon Health
- Blackstone Horizon
- Details: Growth equity investment arm of Blackstone.
- Investment Focus Areas: Growth equity, technology, consumer products
- Notable Investments: Bumble, Oatly, Epidemic Sound
- Dragoneer Investment Group
- Details: Growth investment firm focusing on technology, consumer internet, and healthcare.
- Investment Focus Areas: Technology, consumer internet, healthcare
- Notable Investments: Airbnb, DoorDash, Snowflake
- Brookfield Technology Partners (BTP)
- Details: Technology investment arm of Brookfield Asset Management.
- Investment Focus Areas: Technology, innovation, infrastructure
- Notable Investments: Various technology companies
- DCVC (Data Collective Venture Capital)
- Details: Venture capital firm investing in deep tech companies leveraging data science and engineering.
- Investment Focus Areas: Deep tech, data science, engineering
- Notable Investments: Carbon Health
Where Is Carbon Health’s Headquarters?
Carbon Health is headquartered in San Francisco, California, United States, providing access to top healthcare networks, enterprise partners, and tech talent to deliver modern, accessible care.
What’s Next for Carbon Health?
Carbon Health plans to expand its Connective Care model into new regions, leveraging technology and partnerships such as the collaboration with CVS Health. Future fundraising efforts appear promising, with opportunities to scale operations and improve care delivery. Challenges include maintaining high standards of care, navigating regulatory landscapes, and ensuring technology reliability while expanding into new markets.
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