Carbon Health Technologies’ $100 Million Series C Funding Round

Wilson Sonsini Goodrich & Rosati advised Carbon Health Technologies, Inc. on the deal.

Carbon Health Technologies, Inc., a technology-enabled healthcare provider, announced that it has secured $100 million in Series C funding led by Dragoneer Investment Group, with participation from existing investors Brookfield Technology Partners (BTP), DCVC, and Builders VC. This investment will allow Carbon Health to further advance its omnichannel care strategy and scale nationally as a primary care provider in a continued mission to bring world-class healthcare to everyone.

Through its tech-enabled platform, Carbon Health provides omnichannel care in which patients receive care from the same trusted providers at a wide variety of access points: clinics, pop-up sites, video, the Carbon Health app, and even on-site at their place of employment. The company’s model unlocks access to quality continuity of care that patients need while optimizing healthcare delivery.

During the pandemic, Carbon Health quickly deployed COVID-19 mobile testing clinics beginning in April and accelerated the launch of its innovative, highly scalable model of pop-up clinics to meet the rapidly evolving needs of the outbreak. These sites support COVID-19 testing and future COVID-19 vaccinations, while also laying the infrastructure to serve as comprehensive primary care access points in the future. Carbon Health plans to open 100 pop-up clinics across 20 markets by the end of winter.

In October, the company also launched one of its first specialty-based initiatives—a cross-disciplinary COVID Positive Care program that provides patients who have tested positive for COVID-19 a pathway to recovery.

The Wilson Sonsini team that represented Carbon Health in the transaction includes Yoichiro Taku (Picture), Benjamin Chun, Alex Meyer, Anna Johansen, and Nathaniel Siegel. Additionally, Myra Sutanto Shen supported this team on tax matters.

Involved fees earner: Benjamin Chun – Wilson Sonsini Goodrich & Rosati; Alex Meyer – Wilson Sonsini Goodrich & Rosati; Myra Sutanto Shen – Wilson Sonsini Goodrich & Rosati; Yoichiro Taku – Wilson Sonsini Goodrich & Rosati;

Law Firms: Wilson Sonsini Goodrich & Rosati;

Clients: Carbon Health Technologies, Inc.;

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Author: Ambrogio Visconti