- General
- November 10, 2020
- 3 minutes read
Carbon Health Nabs $100M Round
Carbon Health, a physical and virtual health care startup, has announced that it’s raised $100 million in Series C funding…
Carbon Health, a physical and virtual health care startup, has announced that it’s raised $100 million in Series C funding led by Dragoneer Investment Group, with participation from existing backers DCVC, Builders VC, and Brookfield Technology Partners (BTP). The new funding comes on the heels of strong growth experienced by Carbon Health as the company began setting up mobile testing clinics amid a coronavirus pandemic in the US.
Over the past year, Carbon Health has expanded its physical footprint from seven to 27 clinics across six states in the US and launched virtual health care services in 16 states. The company says it’s seen a sixfold increase in patient volume over the year.
With its new funding, Carbon Health plans to embark on rapid expansion, with a target to grow its clinic footprint to 1,500 locations across the U.S. by 2025. Carbon Health offers “omnichannel” care which refers to healthcare from the same trusted providers at a variety of locations, including clinics, pop-up sites, on-site office locations, and as well virtual healthcare via video.
To cater to coronavirus testing and future vaccinations, Carbon Health plans to open 100 pop-up clinics across 20 markets by the end of the next winter season and will particularly target to place clinics in usually underserved areas.
With its new funding, Carbon Health has now raised a total of over $170 million in outside funding. The valuation that came with the new round isn’t disclosed.
