Avelis Health raised $500K in a pre-seed round led by Y Combinator to help Americans save on medical bills using AI.
Jun 26, 2025•6 months ago
Amount Raised
$500,000
Round Type
seed
San FranciscoMedicalArtificial IntelligenceHealth CareInvestors
Y Combinator
Description
Avelis Health recently raised $500,000 in a pre-seed funding round led by Y Combinator. The funding will support the launch of Payment Integrity, tailored for self-insured employers. The startup aims to reduce billing errors and costs through AI technology. Founded by Angel Onuoha and Ahmad Shehu, Avelis Health addresses a critical issue in medical billing.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech