Funding round
Carbon Health Series C
Carbon Health, which works in primary and urgent care services in San Francisco, raised $100M in a Series C round announced on 10 Nov 2020, led by Dragoneer Investment Group. 4 firms took part. It is Carbon Health's second venture round on record; the one before was a Series B in Jun 2019.
$100M
Amount raised
Not disclosed
Post-money valuation
4
Investors
1 lead
Valuation
What this round says about the price
Carbon Health did not disclose a valuation in this round. It came 17 months after Carbon Health's Series B. It is 17% of the $580M Carbon Health has raised in the venture rounds on record. Carbon Health raised again 8 months later: a Growth round of $350M in Jul 2021, at $3.30B post-money.
Carbon Health's funding rounds
Carbon Health has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
Dragoneer Investment Group led the round with 3 other firms.
Lead investor
- Dragoneer Investment Group backs 82 venture-backed companies new investor
Also in the round
- Brookfield Technology Partners new investor
- DCVC backs 171 venture-backed companies new investor
- backs 42 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion and scaling operations.
- Geographic expansion
- Scaling operations
Comparable rounds
How it compares
19 Series C rounds in Health Care Services within a year either side disclosed an amount; the median was $60M, and this round was 1.7 times the median. The closest in time, other companies' Series C rounds in Health Care Services:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Health Care Services | 10 Nov 2020 | $38M | $200M | The Cigna Group Ventures and Humana |
| Health Care Services | 12 Nov 2020 | undisclosed | not disclosed | not named |
| Cityblock Health Health Care Services | 10 Dec 2020 | $160M | $1.00B | General Catalyst |
| Health Care Services | 8 Oct 2020 | $55M | not disclosed | King River |
| Health Care Services | 18 Feb 2021 | $60M | not disclosed | Insight Partners |
| Health Care Services | 23 Feb 2021 | $50M | $396M | not named |
| Ro Health Care Services | 27 Jul 2020 | $200M | $1.50B | General Catalyst |
| Health Care Services | 30 Mar 2021 | $100M | $1.10B | Khosla Ventures |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Carbon Health raise in its Series C round?
Carbon Health raised $100M in its Series C round, announced in Nov 2020.
Who led Carbon Health's Series C round?
Dragoneer Investment Group led it, with Brookfield Technology Partners, DCVC and Builders VC.
What was Carbon Health's valuation at the Series C round?
It was not disclosed.
How does it compare with other Series C rounds in Health Care Services?
19 Series C rounds in Health Care Services within a year either side disclosed an amount; the median was $60M, and this round was 1.7 times the median.
Did Carbon Health raise again after this round?
Yes: a Growth round in Jul 2021 of $350M at $3.30B post-money.