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Medallion Raises $35 Million In Series C Funding Fueled By Significant Revenue Growth Over Past Six Months

Jun 23, 2022•about 3 years ago

Amount Raised

$35 Million

Round Type

series c

San Francisco

Description

Medallion, the modern provider management platform, today announced $35 million in Series C funding, raising its total funding to $85M. This investment comes on the heels of exceptional growth in the six months following its Series B round, including nearly doubling its employee count to 150, growing its revenue by 2x, and diversifying its customer base by doubling the number of health plans, providers and health systems.

Company Information

Company

Medallion

Location

San Francisco, California, United States

About

Medallion is the first solution for healthcare companies to fully offload their clinician operations—state license management, payor enrollment, credentialing, and more—in one modern management platform. By empowering digital health companies, hospitals, payors, and other organizations to credential, license, and monitor their providers with ease from one modern platform, they eliminate time-consuming and laborious tasks that ultimately increases accessibility of care to millions of patients nationwide. Since inception in 2020, Medallion has saved over 250,000 administrative hours for leading healthcare companies like Ginger, MedExpress, Oak Street Health, and hundreds more, and has raised $85M from leading investors like Sequoia Capital, Spark Capital, Google Ventures, Salesforce Ventures, Elad Gil, and Mario Schlosser.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech