About Aviacode
Aviacode is a company based in Salt Lake City (United States) founded in 1999 was acquired by GeBBS in August 2021.. Aviacode has raised $23.5 million across 4 funding rounds from investors including GeBBS, Frontier Capital and Heritage Group. The company has 317 employees as of December 31, 2022. Aviacode has completed 1 acquisition, including Revant Solutions. Aviacode operates in a competitive market with competitors including Nelly, Fathom, Nym, Inbox Health and KAID, among others.
- Headquarter Salt Lake City, United States
- Employees 317 as on 31 Dec, 2022
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Sectors
Healthcare
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Phone
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Website
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Social
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- Legal Name Aviacode, Inc.
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Funding Insights of Aviacode
Aviacode has successfully raised a total of $23.5M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $16 million completed in August 2015. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series B — $16.0M
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First Round
First Round
(19 Mar 2013)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Aug, 2015 | Amount | Series B - Aviacode | Valuation |
investors |
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| Aug, 2015 | Amount | Debt – Convertible - Aviacode | Valuation |
investors |
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| Oct, 2014 | Amount | Debt – Conventional - Aviacode | Valuation |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Aviacode
Aviacode has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include GeBBS, Frontier Capital and Heritage Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Founded Year | Domain | Location | |
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Multi-stage tech and life sciences focused venture capital firm investing primarily in the US
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Founded Year | Domain | Location | |
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Revenue Cycle Management services are provided to healthcare organizations.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Aviacode
Aviacode has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Revant Solutions. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Management and consulting services are offered to healthcare organizations.
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2001 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Aviacode
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Aviacode Comparisons
Competitors of Aviacode
Aviacode operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Nelly, Fathom, Nym, Inbox Health and KAID, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Digital administrative tasks and billing management tools for providers
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| domain | founded_year | HQ Location |
AI-based software for medical coding and PHI de-identification is provided.
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| domain | founded_year | HQ Location |
Nym is focused on autonomous medical coding solutions for healthcare.
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| domain | founded_year | HQ Location |
Cloud-based medical billing and payment management solution for healthcare companies
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| domain | founded_year | HQ Location |
AI and SaaS-based software for healthcare care coordination is developed.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Aviacode
Frequently Asked Questions about Aviacode
When was Aviacode founded?
Aviacode was founded in 1999 and raised its 1st funding round 14 years after it was founded.
Where is Aviacode located?
Aviacode is headquartered in Salt Lake City, United States. It is registered at Salt Lake City, Utah, United States.
Is Aviacode a funded company?
Aviacode is a funded company, having raised a total of $23.5M across 4 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $5M, raised on Mar 19, 2013.
How many employees does Aviacode have?
As of Dec 31, 2022, the latest employee count at Aviacode is 317.
What does Aviacode do?
Aviacode was founded in 1999 and is headquartered in Salt Lake City, United States. Medical coding in the healthcare sector is supported through a SaaS-based workflow platform. Clinical documentation is translated into billing codes using applications such as ProCoder and ProAuditor. A network of certified medical coders is also maintained to assist operations. The focus remains on cloud-delivered tools for coding accuracy and efficiency.
How many acquisitions has Aviacode made?
Aviacode has made 1 acquisition, including Revant Solutions.
Who are Aviacode's investors?
Aviacode has 3 investors. Key investors include GeBBS, Frontier Capital, and Heritage Group.
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