Carbon Health — Valuation, Funding & Investors

Carbon Health is an American chain of primary and urgent care clinics founded in San Francisco in 2015 by Udemy co-founder Eren Bali, engineer Tom Berry and physician Greg Burell. The company positions itself as a technology-first healthcare provider, meeting patients through virtual, in-person and at-home care, and by October 2021 it operated 90 full-service medical clinics across 14 U.S. states.

In 2023, Carbon Health partnered with CVS Health to pilot primary and urgent care clinics inside CVS retail stores. The company filed for Chapter 11 bankruptcy protection in February 2026 to eliminate between $100 million and $500 million in debt, and emerged from bankruptcy the same day its restructuring plan was approved, on May 29, 2026.

Listed funds carry late-stage private names. A fund's latest schedule of investments shows whether it holds Carbon Health.

Often trade at a premium or discount to NAV.

Platforms match existing holders with buyers. Carbon Health availability at any moment is set by the holders.

High minimums, transfer approval, company right-of-first-refusal.

Valuations, rounds and IPO status for every company in the directory — Carbon Health included.

No. Carbon Health is a private company; its shares do not trade on a public exchange.

The last valuation is $1.4B.

Lead investors for each round are in the funding timeline.

The routes section explains what is realistically available for a company at this stage.