Virtual Care Provider Carbon Health Raises $26 Million

Virtual care app Carbon Health raised $26 million from existing investor Data Collective (DCVC) in an extended Series B1 funding round.

The company earlier raised $30 million in Series B funding in June 2019; the latest extended round brings the Series B round total to $56 million.

Founded in 2015, the San Francisco, California-based company has raised over $62 million to date. The company offers virtual care services through a mobile platform (or app). The platform allows patients to access all of their medical records from a mobile app, book an in-person appointment or a video visit with a doctor, and make payments.

A virtual visit costs $49.

According to the company, in the past two months, it has tripled its headcount, and assessed over 14,000 coronavirus concerns through its virtual care platform and completed over 12,000 COVID-19 tests across its clinics, and its partnerships with the City of San Francisco and County of Los Angeles.

The new funds will be used to expand its virtual care services across the U.S.; currently, its services are available in sixteen states, including California, New York, Texas, and Washington.

“We are aware that millions of Americans have lost their jobs and their health insurance at a time when getting medical care is critically important,” said Eren Bali, Co-Founder, and CEO of Carbon Health. “We are focused on getting our virtual care services up and running across the country so that seeing a doctor is easy and affordable for anyone who needs care.”

Telehealth companies raised $930 million in Q1 2020, according to Mercom Q1 2020 Digital Health Funding Report. Recently, virtual care service provider Vida Health raised $25 million in a funding round, which was led by Ally Bridge Group (ABG), with participation from existing investors. Medici, an Austin-based virtual healthcare service startup, raised $24 million from its existing investors.