Carbon Health has raised a total of $614 million across multiple funding rounds. The company secured $3 million in May 2018, followed by $35 million in June 2019, and $28 million in May 2020. In November 2020, it raised $100 million (Series C) led by Dragoneer Investment Group, and another $350 million (Series D) in July 2021 led by Blackstone Group. Most recently, $100 million was raised in January 2023 from CVS Health Ventures, pushing its valuation to $3.3 billion (as of July 2021).