Carbon Health
Carbon Health is a Virtual Care Delivery company founded in 2015 and based in San Francisco, United States. It has raised $514.5M in total funding, most recently a Series D in 2021 at a $3.3B valuation.
Carbon Health operates tech-enabled primary and urgent care clinics alongside a virtual care platform, using a proprietary EHR and AI tools to manage patient flow. Raised $350M in 2021 at a $3.3B valuation. On February 2, 2026 it filed for Chapter 11 bankruptcy with over $100M in debt, entering a court-supervised dual-track restructuring (a debt-for-equity plan plus a sale process) while continuing to operate its ~93 clinics across eight states.
Carbon Health's $350M raise in 2021 signaled the ambition to build the largest tech-enabled primary care chain in the US; though it later retrenched, its vertically integrated model — own the EHR, clinics, and virtual layer — remains the blueprint.
carbonhealth.com ↗·Virtual Care Delivery·
United States·private 
