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Adonis raises $31M in Series B funding led by Point72 Private Investments with participation from Kin Ventures, General Catalyst, Max Ventures, and Bling Capital

PRIVATEJun 25, 2024

Amount Raised

$31 Million

Round Type

Series B

New YorkSoftwareHealth CareAnalytics

Investors

Bling CapitalMax VenturesGeneral CatalystKin VenturesPoint72 Private Investments

Description

Adonis, a healthcare revenue cycle intelligence and automation company, announced it secured $31 million in Series B funding, bringing its total raise to $54 million. The company will use the funds to expand its New York-based workforce, speed up product innovation, and continue growing in the health system space.

Quick answer

Adonis raised $31 Million in a Series B round, dated June 25, 2024. Investors: Bling Capital, Max Ventures, General Catalyst, Kin Ventures and Point72 Private Investments. Adonis is based in New York, New York, United States.

How much did Adonis raise?
Adonis raised $31 Million in a Series B round on June 25, 2024.
Who invested in Adonis?
Bling Capital, Max Ventures, General Catalyst, Kin Ventures and Point72 Private Investments are named as investors in this round.
What does Adonis do?
Adonis is a Revenue Intelligence and Automation Platform, built for Healthcare, solving for operational challenges that impact the integrity of revenue cycle management.
Where is Adonis based and how big is it?
Adonis is based in New York, New York, United States. Fundz records about 250 employees.
Who are the decision-makers at Adonis?
Fundz holds 3 contacts at Adonis, including the Head of Recruiting. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Adonis

Location

New York, New York, United States

About

Adonis is a Revenue Intelligence and Automation Platform, built for Healthcare, solving for operational challenges that impact the integrity of revenue cycle management. On average, Healthcare providers are unable to collect 15% or more of the revenue it’s owed. This is a result of compounding fractures in traditional RCM; a series of people, processes, systems, and tools are collectively responsible for this dilemma. Powered by data science and AI technology, Adonis provides solutions to address the common issues and areas of susceptibility within RCM to create better, more reliable revenue outcomes.

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Related People

3 contacts
Verified contactsRachel, Head of Recruiting hidden hiddenSee plans and pricing
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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

Adonis raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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