Hybrid in-person, virtual primary care startup Carbon Health scores $30M in Series B funding

Brookfield Growth Partners led the round, with participation from DCVC, Builders VC, Bullpen Capital, Javelin Venture Partners and Two Sigma Ventures.
By Laura Lovett
03:52 pm
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Carbon Health, a virtual and in-person urgent and primary care network, has raked in $30 million in Series B funding. Announced yesterday, the round was led by Brookfield Growth Partners, with participation from DCVC, Builders VC, Bullpen Capital, Javelin Venture Partners and Two Sigma Ventures. 

Following this funding news, Brookfield Growth Partners’ managing director Josh Raffaeli will be joining Carbon’s board of directors. 

WHAT THEY DO

Carbon is a hybrid of digital and in-person care service. Patients using the service can book an appointment at an urgent or primary care facility in its network. Currently all of the in-person facilities are located in the San Francisco Bay Area. 

There is also a virtual aspect to its services. Patients can schedule a video visit or an "instant care visit," which lets patients message providers via the Carbon Health app to get care for common health conditions and services, such as birth control, pink eye and medication refills. 

WHAT IT’S FOR 

While currently focused in California, the company said that the funding will be put towards breaching into new markets nationwide. In a statement, the company also noted that it would be using the funds to grow its consumer retail capabilities. 

MARKET SNAPSHOT

This hybrid model is becoming increasingly popular in healthcare. Across the pond, Babylon’s NHS GP at Hand service lets patients see a practitioner through the app once they have switched from their current GP. According to the website, the service is available for people living or working within 40 minutes of one of their clinics. If needed, a patient can see a physician in person. 

In April Doctor on Demand and Humana teamed up to launch On Hand, a service that lets patients access an in-network virtual primary care doctor with no copay. Patients could then go to an in-person provider if necessary. 

ON THE RECORD 

“Carbon Health is reimagining the way patients and providers experience healthcare and is well-positioned to advance its leadership position in the rapidly expanding US clinic retail market,” Raffaelli said in a statement. “[Carbon Health CEO Eren Bali] is a proven entrepreneur with an impressive track record of building successful businesses, and we are proud to support his efforts to lead the healthcare revolution. Moreover, at Brookfield, we are always looking for ways to enhance our tenant’s experiences and we look forward to working with Carbon Health to launch clinics in Brookfield property locations across the country.”