Hybrid primary/urgent care network — filed Chapter 11 in February 2026 with dual-track restructuring plan
Carbon Health is a hybrid urgent care, primary care, and telehealth network founded by Eren Bali (Udemy co-founder) and Caesar Djavaherian. After peaking at a $3.3B valuation in 2021 and aggressively expanding clinic count, the company lost over $200M across 2022-23. CVS Health Ventures provided a $100M strategic investment in 2023 and acquired Carbon Health's clinic operations (the remaining technology platform stayed separate). Carbon Health Technologies and 27 affiliates filed for Chapter 11 bankruptcy on February 2, 2026, pursuing a dual-track restructuring plan. Operations continue during proceedings.
healthcare📍 San Francisco, CAFounded 2015
Current Valuation
Private
as of 2026-Q1 (in Chapter 11)
PRIVATE
IPO Outlookprivate
Is Carbon Health going public?
No. Carbon Health is private and has not filed to go public. There is no S-1 on file.
What is Carbon Health's valuation in 2026?
No confirmed valuation is on record for Carbon Health. The roster shows funding and investors where they are public; it does not estimate a mark.
Has Carbon Health filed an S-1?
No public S-1 is on file for Carbon Health.
Who are Carbon Health's investors?
Carbon Health's investors include CVS Health Ventures, Blackstone Growth, Brookfield Growth, Dragoneer Investment Group, DCM, Builders VC.
How much has Carbon Health raised?
Carbon Health has raised $550M in total, most recently a Strategic investment of $100M in Mar 2023.
Is Carbon Health publicly traded — can you buy Carbon Health stock?
No. Carbon Health is a private company — its shares are not listed on any exchange and there is no ticker. The routes to exposure are pre-IPO secondary marketplaces and funds (accredited investors), employee tender offers when the company runs one, and public companies with read-through exposure. QuantLogix maps every route it can verify for Carbon Health on its Pre-IPO Access Desk.
Answers are derived from the roster record shown on this page — filing status, last round and confirmed marks. Where the record is silent, the answer says so rather than guessing.
Company Profile
CEO
Eren Bali
Founded
2015
HQ
San Francisco, CA
Employees
1000+
Total Raised
$550M
Growth
Declining — peaked during pandemic, restructuring in Chapter 11
balanced build + GTM — 33% builders vs 67% go-to-market/G&A — scaling both sides.
Open roles trending down; no tracked executive churn.
Open roles by month
Open roles by function
■ product-building ■ go-to-market / G&A
Clinical Research[Clinical Research](https://carbonhealth.com/clinical-research)[Clinical Research](https://carbonhealth.com/clinical-research-sponsors)Skip to Main ContentWorkplace HealthSupport Center
Counted from Carbon Health's live job board as of 2026-09-14; role functions classified from posting titles. Open-role counts are an activity signal, not headcount. Refreshed monthly.
Founders & Key People
Eren BaliCaesar Djavaherian
Investors
CVS Health Ventures · Blackstone Growth · Brookfield Growth · Dragoneer Investment Group · DCM · Builders VC
Products
In-person urgent care clinics
Primary care
Mental health services
Carbon Health app (telehealth)
Employer health partnerships
Competitors
One Medical (Amazon) · Forward (defunct) · City MD · Concentra · Solv Health
HealthcareTelehealthDistressedChapter 11
Private-company numbers are not real-time. Reflects publicly disclosed valuations from press releases, news reports, and tender offers as of 2026-Q1 (in Chapter 11). Refreshed quarterly.