Medallion, a San Francisco, CA-based firm which focuses on AI-powered supplier community infrastructure, raised $43M in new funding.
Acrew Capital led the spherical, with participation from Washington Harbour Companions and insiders, together with Sequoia Capital, GV, Spark Capital, NFDG, and others.
The corporate intends to make use of the funds to:
- Develop its AI-powered platform to automate 1000’s of state-, provider-, and payer-specific workflows.
- Spend money on go-to-market groups and partnerships to speed up progress throughout well being methods, supplier teams, and plans.
- Scale the CredAlliance clearinghouse and onboard extra payer individuals.
Led by CEO and Founder Derek Lo, Medallion replaces repetitive, guide workflows within the healthcare back-office with clever automation, streamlining how supplier organizations and well being plans handle credentialing, enrollment, onboarding, and compliance. The platform serves because the unified system of document for supplier information, enabling prospects to confirm credentials, keep in-network, and join sufferers with suppliers extra effectively.
At present it helps roughly 1 million suppliers, about 10% of the U.S. healthcare workforce, and helps healthcare organizations remove hours in administrative burden yearly.
This introduced Medallion’s whole funding to $130M.
FinSMEs
18/08/2025
