Funding round
Carbon Health Series D
Carbon Health, which works in primary and urgent care services in San Francisco, raised $100M in a Series D round announced on 1 Jan 2023, led by CVS Health Ventures. 1 firm took part. It is Carbon Health's fourth venture round on record; the one before was a Growth in Jul 2021.
$100M
Amount raised
Not disclosed
Post-money valuation
1
Investors
1 lead
Valuation
What this round says about the price
Carbon Health did not disclose a valuation in this round; its last disclosed one was $3.30B at the Growth (Jul 2021). It came 18 months after Carbon Health's Growth. It is 17% of the $580M Carbon Health has raised in the venture rounds on record. No later venture round is on record for Carbon Health.
Carbon Health's funding rounds
Carbon Health has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
CVS Health Ventures led the round.
Lead investor
- CVS Health Ventures new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, scaling operations and working capital.
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: 2 in Health Care Services, then Series D rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Health Care Services | 8 Dec 2022 | $82M | $699M | not named |
| Health Care Services | 5 Jan 2022 | $35M | not disclosed | not named |
| Enpal Solar Energy Company | 9 Jan 2023 | $230M | $2.35B | TPG |
| Plastics Products | 2 Jan 2023 | $145M | not disclosed | not named |
| Tech Companies | 31 Jan 2023 | $50M | not disclosed | HealthQuest Capital |
| Tech Companies | 1 Jan 2023 | $50M | not disclosed | BDT & MSD Partners |
| Medical Supply Manufacturers | 5 Jan 2023 | $35M | not disclosed | H3 Healthcare and Undisclosed strategic investor |
| Aerospace and Defence | 16 Jan 2023 | $30M | not disclosed | not named |
Sources
Where this comes from
Reported by 3 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Carbon Health raise in its Series D round?
Carbon Health raised $100M in its Series D round, announced in Jan 2023.
Who led Carbon Health's Series D round?
CVS Health Ventures led it.
What was Carbon Health's valuation at the Series D round?
It was not disclosed; its last disclosed one was $3.30B at the Growth (Jul 2021).