Carbon Health targets nationwide expansion with $350M funding round

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San Francisco-based healthcare provider Carbon Health on July 21 closed a $350 million series D funding round, which it said would help it "become the largest primary care provider in the U.S."

The company has a technology platform for patients to activate telehealth and virtual care visits and communication through the Carbon Health app, in-person clinics, at-home care and pop-up sites.

Carbon Health raised $100 million during a series C funding round last November. Since that round, the company has experienced a 129 percent increase in patient volume (excluding patients seeking COVID-19 vaccinations or tests) and has expanded its availability to more than 75 percent of people in the U.S. 

Since the pandemic began, Carbon Health doubled its full-time employee base from 800 to 1,600, expanded virtual care to 23 states, opened more than 80 clinics in 12 states, conducted more than 1.4 million COVID-19 tests and administered 1.5 million COVID-19 vaccines. 

The company has plans to expand to 1,500 clinics by 2025.

"This investment allows Carbon Health to bring our unique offering of high-end — but not high-cost — healthcare to even more people in the U.S.," Eren Bali, Carbon Health's CEO and co-founder, said in a news release. "We will be able to continue building infrastructure and technology that make incredible longitudinal care accessible to the masses, without hidden fees or membership requirements."

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