Re-Pie joins primary care provider Carbon Health investors
TURKEY’S startup ecosystem continues its growth momentum. Institutional investors such as Türk Telekom have also increased investments in the startup ecosystem.
Türk Telekom also invests in startups in the health sector through TT Ventures, its corporate venture capital arm. It also contributes to the digitalization of the health sector.
On the other hand, Re-Pie, an asset management company that has assumed the role of a bridge between the capital markets and the real sector with its investments in venture capital areas in recent years, has added another unicorn company to its portfolio.
Re-Pie Portfolio Management has joined global funds, including Blackrock, Silver Lake Waterman and Blackstone, by investing in Carbon Health, a leading omnichannel healthcare provider.
Re-Pie made this investment by swapping its $7.5 million stake in Inofab Health, which draws attention with its innovations in the field of health as a startup, with Carbon Health shares.
One of the most active investors in the Turkish startup ecosystem having invested in startups such as Getir, Colendi, EasyCep and Binbin, Re-Pie has thus added another unicorn company to its portfolio.
“Carbon Health offers convenience and efficiency in health services with the technology it uses. An initiative designed specifically to redefine patient and hospital relationships,” said Emre Çamlıbel, Re-Pie Portfolio founding partner and chairperson of the board.
“We are happy to present Inofab, our investment in health technologies, to our investors by raising it to the level of Carbon Health. We expect Carbon Health to be our second investment to reach the decacorn level,” Çamlıbel noted.
Founded in 2015 by Turkish entrepreneur Eren Bali, San Francisco-based Carbon Health is among the major players in the healthcare sector in the U.S. and has nearly 60 urgent care and primary care clinics in California and 100 full-service clinics across 14 states.
It provides quality and accessible health care services to its patients through online and face-to-face appointments, mental health services and emergency care services.
In July 2021, Carbon Health secured $350 million at a valuation of $3.2 billion. The investment round was led by Blackstone’s Horizon platform with participation from Atreides, Homebrew, Hudson Bay Capital, Intersect Capital, Fifth Wall, Lux Capital, Silver Lake Waterman, and funds and accounts managed by BlackRock.