How Much Did Carbon Health Raise? Headquarters, Funding & Key Investors

Carbon Health has raised a total of $614 million across multiple funding rounds. The company secured $3 million in May 2018, followed by $35 million in June 2019, and $28 million in May 2020. In November 2020, it raised $100 million (Series C) led by Dragoneer Investment Group, and another $350 million (Series D) in July 2021 led by Blackstone Group. Most recently, $100 million was raised in January 2023 from CVS Health Ventures, pushing its valuation to $3.3 billion (as of July 2021).

How Much Did Carbon Health Raise? Funding & Key Investors

Carbon Health is a comprehensive healthcare platform that blends virtual and in-person care through modern technology. The platform enables patients to book appointments, manage prescriptions, communicate with providers, and view their medical history all in one place.

What Is Carbon Health and What Does It Do?

Carbon Health, founded in 2015 by Caesar Djavaherian, Eren Bali, Greg Burrell, Pablo Stanley, and Tom Berry, is a Seattle-based (United States) healthcare technology company providing accessible, tech-driven medical care.

With a team of 1,001–5,000 employees (as of July 2025), the company delivers primary, urgent, and virtual healthcare services through a connected digital platform.

Its mission is to simplify healthcare by integrating diagnostics, virtual visits, and prescription management within a single user-friendly system for patients nationwide.

How Much Funding Has Carbon Health Raised?

1. Seed Round

Amount Raised: $3 Million
Date: May 2018
Motivation: To kickstart operations and develop initial healthcare services.

2. Series B (Round 1)

Amount Raised: $35 Million
Date: June 2019
Lead Investors: Brookfield Growth
Motivation: To expand service offerings and scale operations.

3. Series B (Round 2)

Amount Raised: $28 Million
Date: May 2020
Lead Investors: DCVC
Motivation: To enhance technology and expand healthcare services.

4. Series C

Amount Raised: $100 Million
Date: November 2020
Lead Investors: Dragoneer Investment Group
Motivation: To support growth and develop healthcare services.

5. Series D (Round 1)

Amount Raised: $350 Million
Date: July 2021
Lead Investors: Blackstone Group
Motivation: To expand the Connective Care model and improve technology.

6. Series D (Round 2)

Amount Raised: $100 Million
Date: January 2023
Lead Investors: CVS Health Ventures
Motivation: To scale the Connective Care model and invest in technology..

Total Funding Raised: $614 Million

Current Valuation: $3.3 Billion (as of July 2021)

Latest Funding Date: January 2023

Key Investors

1. CVS Health Ventures

Details: Corporate venture arm of CVS Health, investing in strategic healthcare innovations.
Investment Focus Areas: Healthcare delivery, patient experience, and health technology.
Notable Investments: Carbon Health.

2. Blackstone Horizon

Details: Growth equity division of Blackstone, focusing on global high-growth companies.
Investment Focus Areas: Technology, consumer products, and digital healthcare.
Notable Investments: Bumble, Oatly, Epidemic Sound.

3. Dragoneer Investment Group

Details: Long-term investment firm backing technology-driven growth companies.
Investment Focus Areas: Technology, consumer internet, and healthcare.
Notable Investments: Airbnb, DoorDash, Snowflake.

4. DCVC

Details: Venture capital firm investing in deep tech and data-driven solutions.
Investment Focus Areas: Deep tech, data science, and engineering.
Notable Investments: Carbon Health.

Where Is Carbon Health’s Headquarters?

Carbon Health is headquartered in Seattle, United States, a leading hub for healthcare innovation and digital transformation. The city’s strong medical ecosystem, combined with proximity to top health-tech investors and research institutions, supports Carbon Health’s mission to redefine patient care through technology and accessibility.

What’s Next for Carbon Health?

Carbon Health aims to accelerate its Connective Care model expansion with support from CVS Health Ventures’ $100 million investment. The company is integrating its services across 125+ physical clinics and telehealth platforms, bringing hybrid healthcare solutions to new regions.

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