Carbon Health was founded in 2015 by Caesar Djavaherian, Eren Bali, Greg Burrell, Pablo Stanley, and Tom Berry. According to a 2021 article in the Silicon Valley Business Journal, Carbon Health "reportedly was in talks with a blank check company, but has decided to do a traditional IPO instead." These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Carbon Health describes itself as "a human-centered, tech-enabled healthcare company." The company provides both in-person primary care and telemedicine. Since 2018, Carbon Health has acquired Direct Urgent Care, Steady Health, and Alertive Healthcare. The company has brought in over $500 million in funding from investors including Lux Capital, Sand Hill Angels, Nolan Arenado, Intersect Capital, and Dragoneer Investment Group. The most recent round of funding was led by The Blackstone Group and brought in $350 million. The company currently has a post-money valuation of $3.3 billion.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
12/29/2023 | Series Seed Prime | $1.96MM | $xx.xx | $2.72B | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
2,525,047
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
12/29/2023 | Series A Prime | $3.9MM | $xx.xx | $2.72B | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
4,264,622
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
12/29/2023 | Series A-1 Prime | $2.88MM | $xx.xx | $2.72B | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
2,336,298
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
12/29/2023 | Series A-2 Prime | $1.46MM | $xx.xx | $2.72B | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
964,929
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
12/29/2023 | Series A-3 Prime | $4.46MM | $xx.xx | $2.72B | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
3,070,465
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
12/29/2023 | Series B Prime | $36.65MM | $xx.xx | $2.72B | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
11,774,304
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
12/29/2023 | Series B-1 Prime | $25.12MM | $xx.xx | $2.72B | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
6,968,071
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.3x
Conversion Ratio
1.0x
Dividend Rate
10.3%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
12/29/2023 | Series C Prime | $152.98MM | $xx.xx | $2.72B | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
19,752,531
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.2x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
12/29/2023 | Series D-1 Prime | $250MM | $xx.xx | $2.72B | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
24,431,429
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.2x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
12/29/2023 | Series D-2 Prime | $354.97MM | $xx.xx | $2.72B | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
34,689,550
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.2x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
01/09/2023 | Series D-1 | $185.96MM | $xx.xx | $3.4B | Atreides, Blackrock, Blackstone, Brookfield Technology Partners, Cvs Health Ventures, Dragoneer Investment Group, Fifth Wall, Homebrew, Hudson Bay Capital, Lux Capital, Silver Lake Waterman | |
Price per Share
$xx.xx
Shares Outstanding
18,173,086
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.2x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Atreides, Blackrock, Blackstone, Brookfield Technology Partners, Cvs Health Ventures, Dragoneer Investment Group, Fifth Wall, Homebrew, Hudson Bay Capital, Lux Capital, Silver Lake Waterman
|
||||||
01/09/2023 | Series D-2 | $264.04MM | $xx.xx | $3.4B | Atreides, Blackrock, Blackstone, Brookfield Technology Partners, Cvs Health Ventures, Dragoneer Investment Group, Fifth Wall, Homebrew, Hudson Bay Capital, Lux Capital, Silver Lake Waterman | |
Price per Share
$xx.xx
Shares Outstanding
25,803,491
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.2x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Atreides, Blackrock, Blackstone, Brookfield Technology Partners, Cvs Health Ventures, Dragoneer Investment Group, Fifth Wall, Homebrew, Hudson Bay Capital, Lux Capital, Silver Lake Waterman
|
||||||
11/10/2020 | Series C | $100MM | $xx.xx | $678.95MM | Brookfield Technology Partners, Builders Vc, Dcvc, Dragoneer Investment Group | |
Price per Share
$xx.xx
Shares Outstanding
12,911,439
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.6x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Brookfield Technology Partners, Builders Vc, Dcvc, Dragoneer Investment Group
|
||||||
05/11/2020 | Series B-1 | $25.12MM | $xx.xx | $316.06MM | Dcvc, Steve Seigel | |
Price per Share
$xx.xx
Shares Outstanding
6,968,071
Liquidation Pref Order
4
Liquidation Pref As Multiplier
1.3x
Conversion Ratio
1.0x
Dividend Rate
10.3%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Dcvc, Steve Seigel
|
||||||
06/05/2019 | Series B | $36.65MM | $xx.xx | $272.83MM | Brookfield Growth Partners, Builders Vc, Bullpen Capital, Clover Health, Dcvc, Flatiron Health, Javelin Venture Partners, Two Sigma Ventures | |
Price per Share
$xx.xx
Shares Outstanding
11,774,304
Liquidation Pref Order
4
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Participating
Participation Cap
1000
Key Investors
Brookfield Growth Partners, Builders Vc, Bullpen Capital, Clover Health, Dcvc, Flatiron Health, Javelin Venture Partners, Two Sigma Ventures
|
||||||
05/29/2018 | Series A | $3.9MM | $xx.xx | $132.84MM | 500 Startups, Tectonic Capital | |
Price per Share
$xx.xx
Shares Outstanding
4,264,622
Liquidation Pref Order
4
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
500 Startups, Tectonic Capital
|
||||||
05/29/2018 | Series A-1 | $2.88MM | $xx.xx | $132.84MM | 500 Startups, Tectonic Capital | |
Price per Share
$xx.xx
Shares Outstanding
2,336,298
Liquidation Pref Order
4
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
500 Startups, Tectonic Capital
|
||||||
05/29/2018 | Series A-2 | $1.46MM | $xx.xx | $132.84MM | 500 Startups, Tectonic Capital | |
Price per Share
$xx.xx
Shares Outstanding
964,929
Liquidation Pref Order
4
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
500 Startups, Tectonic Capital
|
||||||
05/29/2018 | Series A-3 | $4.46MM | $xx.xx | $132.84MM | 500 Startups, Tectonic Capital | |
Price per Share
$xx.xx
Shares Outstanding
3,070,465
Liquidation Pref Order
5
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
500 Startups, Tectonic Capital
|
||||||
03/29/2017 | Series Seed | $1.96MM | $xx.xx | $71.14MM | Aaron Patzer, Buildersvc, Bullpen Capital, Elad Gil, Javelin Venture Partners, Russ Fradin, Two Sigma Ventures | |
Price per Share
$xx.xx
Shares Outstanding
2,525,047
Liquidation Pref Order
4
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Aaron Patzer, Buildersvc, Bullpen Capital, Elad Gil, Javelin Venture Partners, Russ Fradin, Two Sigma Ventures
|