![]() ![]() Investors are getting more cautious and doling out smaller checks, and startups like Carbon are facing new expectations for slower, more sustainable growth. "We overextended."īali said the fresh capital should be enough to get Carbon to breakeven, or the point where money coming in equals money going out.īali said Carbon is making adjustments to its business to hold down the fort in a hostile market. "I need to honestly accept some responsibility," Bali said. In an interview with Insider, Carbon's CEO, Eren Bali, acknowledged that the company, once reportedly valued at $3 billion, had to change course on its plans to grow quickly across the US. The news came days after Carbon said it had laid off more than 200 employees and was shutting down several programs, including its efforts in remote patient monitoring and chronic care. The startup, which operates clinics offering urgent and primary care, also said it would open Carbon Health clinics at some CVS Health locations. In digital health's dismal funding market, Carbon Health announced on Monday that it snagged $100 million in Series D funding from CVS Health Ventures. ![]() Its CEO, Eren Bali, said it took a valuation hit to get clean terms for its long-term success.The startup made staffing cuts and is pulling back its strategy of opening new clinics.Carbon Health on Monday landed $100 million from CVS Health as digital-health funding slows.Account icon An icon in the shape of a person's head and shoulders.
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