Posted on August 03, 2022
For the last few years, we have been more focused on topline revenue growth, patient acquisition, patient retention and service expansion, and we have been less focused on profitability,” cofounder and CEO Eren Bali wrote in a statement. “While that was the right decision in 2020 and 2021, the macro environment with more volatile capital markets means it is vital that we become less focused on growth and more focused on profitability.”
San Francisco, California-based Carbon has raised more than $500 million to date, including a $350 million round in July 2021 at a $3.3 billion valuation. The round was led by Blackstone’s Horizon platform. Other investors include Atreides, Homebrew, Hudson Bay Capital, Fifth Wall, Lux Capital, Silver Lake Waterman, and BlackRock, Dragoneer Investment Group and Brookfield Technology Partners.
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