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Medallion Scoops Up $35M Series C Round

2022-06-23
SAN FRANCISCO, CA, Medallion, the modern provider management platform, today announced $35 million in Series C funding, raising its total funding to $85 million.
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.

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.

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.
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