Carbon Health is a modern healthcare company offering primary, urgent, and virtual care through clinics and an app. It combines technology with in-person services to simplify access to everyday care for adults and children.
Access to pre-IPO shares is available to accredited investors through UpMarket.
Latest Price
$505.45M
Series Super Senior, Jun 4, 2025, Perplexity
UpMarket Estimate
$531M
Based on UpMarket valuation model
Previous Price
$3.3B
Series D Jan 2023
How to Invest in Carbon Health Through UpMarket
Carbon Health shares are not on public exchanges. UpMarket provides accredited investors access through secondary market transactions.
Step 01
Verify accredited investor status
Confirm eligibility under SEC Rule 501 of Regulation D. Income or net worth threshold applies.
Step 02
Create an UpMarket account
Complete KYC/AML onboarding. Typically 1–2 business days. Licensed rep assigned on signup.
Step 03
Review available Carbon Health offerings
Full offering memoranda and risk disclosures provided before any commitment is required.
Step 04
Complete subscription documents
Review and sign subscription agreement. All documents handled digitally through the platform.
Step 05
Fund your investment
Wire transfer or ACH. $50K minimum. Funds held in custodial account until close.
Pre-IPO investments are illiquid, speculative, and involve risk of total loss of capital.
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Valuation Growth Over Time
Post-money valuation by round
Previous roundsMost recent
Date
Round
PPS (split-adj.)
Valuation
Jun 4, 2025
Series Super Senior
$505.45M
Jan 2023
Series D
$3.3B
Nov 10, 2020
Series C
May 11, 2020
Series B
Jun 5, 2019
Series B
Carbon Health Revenue and Growth
Annual revenue
Why Investors Are Watching Carbon Health
Growth Signal
Carbon Health said 2021 revenue topped $220M, up 3xx%
Carbon Health said it expected full-year 2021 revenue of over $220 million, implying more than 3XX% growth versus 2020. The company framed that acceleration as evidence its urgent and primary care model was scaling quickly.
Competitive Moat
Catalio says Carbon has 125 clinics across 13 states
Catalio Capital said Carbon Health operates roughly 125 clinics across 13 states. It also cited proprietary EMR and patient-app technology as drivers of industry-leading patient retention rates.
Market Opportunity
CVS backed a $100M round to push new-market expansion
Fierce Healthcare reported CVS Ventures backed a $100 million investment in Carbon Health. The capital was said to fund expansion into new markets, technology investment, and new value-based care arrangements.
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No. As of March 2026, Carbon Health is a private company and does not trade on any public stock exchange. Accredited investors can access Carbon Health shares through UpMarket, a FINRA-registered broker-dealer that specializes in pre-IPO investments.
Carbon Health does not have a public stock price because it is privately held. The most recent known share price comes from its last funding round. Pre-IPO share prices on the secondary market may differ from the last round price depending on supply, demand, and market conditions.
Yes. Accredited investors can indicate interest in Carbon Health shares through UpMarket by filling out the form on this page or creating an account at upmarket.co. All pre-IPO offerings are subject to availability and require a $50,000 minimum investment. UpMarket is a FINRA-registered broker-dealer and has brokered more than $500M in alternative investments since 2019.
Pre-IPO investments carry significant risks. Carbon Health shares are illiquid, meaning there is no public market to sell them quickly. There is no guaranteed exit timeline or return. The investment is speculative in nature, and investors should be prepared for the possibility of total loss. Valuations of private companies can fluctuate substantially between funding rounds. Investors should consult their financial advisor and review all offering documents before investing.
In a pre-IPO transaction, accredited investors purchase shares from existing shareholders (such as employees, early investors, or other holders) through secondary market platforms. The company itself does not issue new shares in these transactions. UpMarket facilitates these trades as a FINRA-registered broker-dealer, handling compliance, documentation, and settlement on behalf of both parties.
There are two primary exit paths for pre-IPO holdings: selling your shares on the secondary market to another buyer, or holding until the company completes an IPO or is acquired. Both paths are subject to transfer restrictions, company approval (right of first refusal), and market conditions. The timing of any exit is unpredictable, and investors should plan for a multi-year holding period.
The minimum investment for most pre-IPO offerings on UpMarket is $50,000. This amount may vary depending on the specific offering and share availability. There are no fees to create an UpMarket account or browse available investments. Investors only pay transaction-related fees when they complete an investment.
UpMarket's valuation estimate of is derived from a proprietary model that incorporates multiple data sources: funding round data (Caplight), revenue estimates (Sacra), secondary market pricing, and public company comparables. The model applies a private company discount to the public comp multiple to account for illiquidity and information asymmetry. This estimate is not investment advice and may differ substantially from the price at which shares actually trade.
Carbon Health offers primary, urgent, and virtual care through clinics and its app, generating over $220M in 2021 revenue, with a $531M valuation reflecting its tech-enabled healthcare model — accredited investors can access Carbon Health stock through UpMarket.