Press release

Carbon Health Secures $30 Million Series B Funding To Reimagine The Consumer Healthcare Retail Experience And Accelerate Expansion Into New Markets Nationwide

Sponsored by Businesswire

, the technology-enabled healthcare provider designed from the
ground up to put patient-care first, announced today that it has secured
$30 million in Series B funding. Brookfield Growth Partners led the
round, which included new investors DCVC and founders from pioneering
healthcare businesses Flatiron Health and Clover Health, as well as
continued support from existing investors, Builders VC, Bullpen Capital,
Javelin Venture Partners and Two Sigma Ventures. Josh Raffaelli,
Managing Director at Brookfield Growth Partners, has joined Carbon
Health’s Board of Directors.

Currently, 30
million Americans
live in underserved areas that lack basic access
to healthcare services. With the capital infusion and partnership with
Brookfield Growth Partners, Carbon Health will begin to expand its
clinics into retail spaces outside of California and over the next
decade bring their clinics to patients all across the United States.

“We are thrilled to partner with Brookfield as well as our new and
existing investors to accelerate our goal of making world-class patient
care accessible to everyone,” said Eren Bali, Co-Founder and CEO of
Carbon Health. “We plan to tap Brookfield’s significant retail and
operational resources and build upon our partnerships with leading
health systems and hospitals, to become a leading national brand known
for putting patients first and leveraging technology to improve outcomes
and productivity. The healthcare industry is on the verge of a major
transition and we are leading the charge of what the future of
healthcare will look like.”

Carbon Health’s modern clinics and unique technology platform was
designed from the ground up to improve consumer experiences and clinical
outcomes and, unlike other healthcare startups, deliver a premium
healthcare service without a membership or additional fees. Since
inception, the company has served over 100,000 patients and completed
more than 200,000 appointments. Carbon Health currently partners with
leading hospitals, such as NorthBay Healthcare and El Camino Health to
extend their ambulatory reach and improve patient accessibility.

“Carbon Health is reimagining the way patients and providers experience
healthcare and is well-positioned to advance its leadership position in
the rapidly expanding U.S. clinic retail market,” said Mr. Raffaelli.
“Eren is a proven entrepreneur with an impressive track record of
building successful businesses, and we are proud to support his efforts
to lead the healthcare revolution. Moreover, at Brookfield, we are
always looking for ways to enhance our tenant’s experiences and we look
forward to working with Carbon Health to launch clinics in Brookfield
property locations across the country.”

To learn more and to try Carbon Health visit

About Carbon Health

is the technology-enabled healthcare provider designed from
the ground up to put patient-care first. By combining technology with
modern clinics, it delivers a uniquely seamless experience from virtual
care to in-person care to meet patients where they are. Through its
end-to-end technology platform that dramatically improves clinical
efficiency, Carbon Health has rebuilt care delivery to enable physicians
to focus on care and spend more time with their patients. Patient
experience is further enhanced through the Carbon Health mobile app
where patients can easily see all of their health records, book
appointments, make payments or conduct a video visit from anywhere. With
a team of engineers, designers and expert physicians, Carbon Health
removes the boundaries to high-quality, transparent and personal care
and envisions making patient-centric, world-class care accessible and a
reality for everyone. Carbon Health is headquartered in San Francisco
with clinics across California. To access Carbon Health, download the
app (iTunes or Google Play) or visit

About Brookfield

Brookfield Asset Management is a leading global alternative asset
manager with more than $365 billion in assets under management. The
company has more than a 115-year history of owning and operating assets
with a focus on real estate, renewable power, infrastructure, and
private equity. Brookfield offers a range of public and private
investment products and services and is co-listed on the New York,
Toronto and Euronext stock exchanges under the symbol BAM, BAM.A and
BAMA, respectively. For more information, please visit our website at

Brookfield Growth Partners, formerly Brookfield Ventures, is the
technology investing arm of Brookfield Asset Management. Founded in
2017, Brookfield Growth Partners seeks to partner with and invest growth
equity into market-leading technology companies that can leverage the
diverse real assets, global footprint and operating businesses that
comprise the Brookfield Economy.