Funding round
Carbon Health Series B
Carbon Health, which works in primary and urgent care services in San Francisco, raised $30M in a Series B round announced on 5 Jun 2019, led by Brookfield. 6 firms took part. It is Carbon Health's first venture round on record.
$30M
Amount raised
Not disclosed
Post-money valuation
6
Investors
1 lead
Valuation
What this round says about the price
Carbon Health did not disclose a valuation in this round. It is Carbon Health's first venture round on record, 4 years after it was founded in 2015. It is 5.2% of the $580M Carbon Health has raised in the venture rounds on record. Carbon Health raised again 17 months later: a Series C round of $100M in Nov 2020. Its next priced round, a Growth in Jul 2021, valued it at $3.30B.
Carbon Health's funding rounds
Carbon Health has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
Brookfield led the round with 5 other firms.
Lead investor
- Brookfield backs 24 venture-backed companies new investor
Also in the round
- DCVC backs 171 venture-backed companies new investor
- backs 42 venture-backed companies new investor
- backs 48 venture-backed companies new investor
- backs 46 venture-backed companies new investor
- Two Sigma Ventures backs 60 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion, sales and marketing and scaling operations.
- Geographic expansion
- Sales and marketing
- Scaling operations
Comparable rounds
How it compares
15 Series B rounds in Health Care Services within a year either side disclosed an amount; the median was $23M, and this round was 1.3 times the median. The closest in time, other companies' Series B rounds in Health Care Services:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Health Care Services | 17 Jun 2019 | $40M | not disclosed | La Caisse and HV Capital |
| Health Care Services | 11 Jun 2019 | $23M | not disclosed | Echo Health Ventures |
| Health Care Services | 2 May 2019 | $15M | not disclosed | Drive Capital |
| Ro Health Care Services | 16 Apr 2019 | $85M | $500M | FirstMark |
| Cityblock Health Health Care Services | 15 Apr 2019 | $65M | not disclosed | Redpoint Ventures |
| Health Care Services | 12 Apr 2019 | $23M | not disclosed | not named |
| Health Care Services | 23 Apr 2019 | $17M | not disclosed | SBI Investment |
| Health Care Services | 15 Aug 2019 | $15M | not disclosed | Ducera |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Carbon Health raise in its Series B round?
Carbon Health raised $30M in its Series B round, announced in Jun 2019.
Who led Carbon Health's Series B round?
Brookfield led it, with DCVC, Builders VC, Bullpen Capital, Javelin Venture Partners and Two Sigma Ventures.
What was Carbon Health's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Health Care Services?
15 Series B rounds in Health Care Services within a year either side disclosed an amount; the median was $23M, and this round was 1.3 times the median.
Did Carbon Health raise again after this round?
Yes: a Series C round in Nov 2020 of $100M.