Medallion, a San Francisco, CA-based modern provider management platform, announced that it raised $35 million in Series C funding, bringing its total funding to $85 million.
The round was co-led by Spark Capital and new investor GV (formerly Google Ventures) with participation from new investor Salesforce Ventures and existing investors, including Sequoia Capital, Optum Ventures, BoxGroup, and Elad Gil.
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: FirstLayerAI, Inc.
Raised: $35.0 M
Round: Series C
Funding Month: June 2022
Lead Investors: Spark Capital
Additional Investors: GV (formerly Google Ventures), Salesforce Ventures, Sequoia Capital, Optum Ventures, BoxGroup and Elad Gil.
Company Website: https://medallion.co/
Software Category: Network Management Platform
About the Company: 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.
Source: https://www.businesswire.com/news/home/20220623005007/en/Medallion-Raises-35-Million-in-Series-C-Funding-Fueled-by-Significant-Revenue-Growth-Over-Past-Six-Months