Medallion Raises $35 Million In Series C Funding Fueled By Significant Revenue Growth Over Past Six Months
Medallion Raises $35 Million In Series C Funding Fueled By Significant Revenue Growth Over Past Six Months
06/23/22, 1:03 PM
Location
Money raised
$35 million
Round Type
series c
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 Info
Location
san francisco, california, united states
Additional Info
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.