- Carbon Health — a technology-enabled healthcare provider — announced it has raised $100 million in Series C funding led by Dragoneer Investment Group
Carbon Health — a technology-enabled healthcare provider — announced it has raised $100 million in Series C funding led by Dragoneer Investment Group with participation from existing investors Brookfield Technology Partners (BTP), DCVC, and Builders VC.
This round of funding allows Carbon Health to further advance its omnichannel care strategy and scale nationally as a primary care provider in a continued mission to bring world-class healthcare to everyone.
In the last year, Carbon Health has seen significant growth, increasing its clinic footprint from 7 to 27 clinics across 6 states, and introducing virtual care to 16 states. And the company has also seen a sixfold increase in patient volume over the past year.
Now Carbon Health provides access to care to nearly two-thirds of the country, and it plans to grow its clinic footprint to 1,500 locations across the U.S. by 2025, focusing on increasing access to care in healthcare deserts.
Through its tech-enabled platform, Carbon Health is known for providing omnichannel care, in which patients receive care from the same trusted providers at a wide variety of access points: clinics, pop-up sites, video, the Carbon Health app, and even on-site at their employers. And the company’s innovative model unlocks access to quality continuity of care that patients need today, while optimizing healthcare delivery.
For example, Carbon Health quickly deployed COVID-19 mobile testing clinics in April and accelerated the launch of its innovative and highly scalable model of pop-up clinics to meet the rapidly evolving needs of the pandemic. And these sites support COVID-19 testing and future COVID-19 vaccinations while also laying the infrastructure to serve as comprehensive primary care access points in the future. Carbon Health plans to open 100 pop-up clinics across 20 markets by the end of winter, focusing on communities that need it most.
The company is also building out evidence-based specialty programs like chronic illness management and women’s health, which will underscore its accessible approach to care. And in October, the company launched one of its first specialty-based initiatives — a cross-disciplinary COVID Positive Care program that provides patients who have tested positive for COVID-19 a pathway to recovery.
Carbon Health is also further expanding into the enterprise channel, thus aiming to deliver high-quality, value-based primary care to enterprise partners and their employees. And the company’s clinical expertise, oversight, and tight integration of technology and seamless omnichannel care delivery have already proven successful this year with its first-of-its-kind COVID Ready workplace safety program — which is currently implemented broadly in industries ranging from academia to sports, entertainment, biotech, and travel.
KEY QUOTES:
“A striking one in five counties in the United States is a healthcare desert, and this year the COVID-19 pandemic exposed the profound effects of these disparities and weaknesses in our healthcare system. Our mission is to solve these problems — and with help from this investment, we can accelerate our plans to deliver accessible preventative and chronic illness care to close the healthcare gap in this country.”
— Eren Bali, co-founder and CEO of Carbon Health
“Carbon Health has reengineered what patients can expect from their healthcare provider — employing technology to deliver high-quality, accessible healthcare. We are excited to partner with Carbon as they expand their footprint, bringing their differentiated approach to primary care to a national scale.”
— Eric Jones, partner at Dragoneer Investment Group
