Carbon Health Secures $30M in Series B

Carbon Health, 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 carbonhealth.com

About Carbon Health

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 carbonhealth.com.

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 www.brookfield.com.

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.